Michael Schwert

University of Pennsylvania - The Wharton School

3641 Locust Walk

Philadelphia, PA 19104-6365

United States

SCHOLARLY PAPERS

8

DOWNLOADS
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Top 8,044

in Total Papers Downloads

5,575

CITATIONS
Rank 19,568

SSRN RANKINGS

Top 19,568

in Total Papers Citations

36

Scholarly Papers (8)

1.

Municipal Bond Liquidity and Default Risk

Journal of Finance, Forthcoming, Fisher College of Business Working Paper No. 2016-03-16, Charles A. Dice Center Working Paper No. 2016-16
Number of pages: 55 Posted: 15 Mar 2014 Last Revised: 08 Nov 2016
Michael Schwert
University of Pennsylvania - The Wharton School
Downloads 1,485 (11,664)
Citation 3

Abstract:

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municipal bonds, credit risk

2.

Bank Capital and Lending Relationships

Journal of Finance, Forthcoming, Fisher College of Business Working Paper No. 2016-03-17, Charles A. Dice Center Working Paper No. 2016-17
Number of pages: 63 Posted: 15 Nov 2015 Last Revised: 11 Apr 2017
Michael Schwert
University of Pennsylvania - The Wharton School
Downloads 1,190 (16,540)
Citation 8

Abstract:

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banks, bank capital, lending relationships, syndicated loans

3.

Capital Structure and Systematic Risk

Rock Center for Corporate Governance at Stanford University Working Paper No. 178
Number of pages: 34 Posted: 08 Apr 2014 Last Revised: 14 Apr 2014
Michael Schwert and Ilya A. Strebulaev
University of Pennsylvania - The Wharton School and Stanford University - Graduate School of Business
Downloads 1,168 (16,997)
Citation 6

Abstract:

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capital structure, systematic risk

Does Borrowing from Banks Cost More than Borrowing from the Market?

Journal of Finance, Forthcoming
Number of pages: 59 Posted: 27 Oct 2017 Last Revised: 10 May 2019
Michael Schwert
University of Pennsylvania - The Wharton School
Downloads 749 (31,891)
Citation 3

Abstract:

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credit spreads, syndicated loans, corporate bonds, banking

Does Borrowing from Banks Cost More than Borrowing from the Market?

Number of pages: 60 Posted: 21 May 2018
Michael Schwert
University of Pennsylvania - The Wharton School
Downloads 70 (330,971)
Citation 2

Abstract:

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credit spreads, syndicated loans, corporate bonds, banking

5.
Downloads 456 ( 61,693)

The Economics of PIPEs

Fisher College of Business Working Paper No. 2017-03-022, Charles A. Dice Center Working Paper No. 2017-22
Number of pages: 54 Posted: 21 Oct 2017 Last Revised: 26 Jun 2019
Jongha Lim, Michael Schwert and Michael S. Weisbach
California State University - Fullerton, University of Pennsylvania - The Wharton School and Ohio State University (OSU) - Department of Finance
Downloads 447 (62,561)

Abstract:

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PIPE, private placement, alternative investment, hedge fund, private equity fund, warrant

The Economics of Pipes

NBER Working Paper No. w23967
Number of pages: 52 Posted: 30 Oct 2017 Last Revised: 06 Nov 2017
Jongha Lim, Michael Schwert and Michael S. Weisbach
California State University - Fullerton, University of Pennsylvania - The Wharton School and Ohio State University (OSU) - Department of Finance
Downloads 9 (609,716)

Abstract:

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6.

Proactive Capital Structure Adjustments: Evidence from Corporate Filings

Stanford University Graduate School of Business Research Paper No. 18-31
Number of pages: 42 Posted: 21 Jun 2018 Last Revised: 03 Feb 2019
Arthur G. Korteweg, Michael Schwert and Ilya A. Strebulaev
University of Southern California - Marshall School of Business, University of Pennsylvania - The Wharton School and Stanford University - Graduate School of Business
Downloads 192 (156,627)

Abstract:

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capital structure, leverage, adjustment costs

7.

Hop, Skip and Jump - What are Modern 'Jump' Tests Finding in Stock Returns?

Number of pages: 39 Posted: 27 Jul 2010
Michael Schwert
University of Pennsylvania - The Wharton School
Downloads 151 (193,174)
Citation 5

Abstract:

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jump testing, coherence, intraday stock returns

8.

The Effects of Transparency on Trading Profits and Price Informativeness: Evidence From Corporate Bonds

Number of pages: 35 Posted: 12 Dec 2018
Ryan Lewis and Michael Schwert
University of Colorado, Boulder and University of Pennsylvania - The Wharton School
Downloads 114 (240,393)

Abstract:

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over-the-counter markets, price transparency, corporate bonds