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 8,410

in Total Papers Downloads

5,279

CITATIONS

2

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 1,465 (11,673)

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municipal bonds, credit risk

2.

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 1,151 (17,023)

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capital structure, systematic risk

3.

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 1,147 (17,114)

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banks, bank capital, lending relationships, syndicated loans

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 598 (42,360)

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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 65 (339,088)

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credit spreads, syndicated loans, corporate bonds, banking

5.
Downloads 427 ( 65,625)

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: 51 Posted: 21 Oct 2017 Last Revised: 14 Mar 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 420 (66,300)

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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 7 (611,068)
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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 180 (163,333)

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 (190,081)
Citation 2

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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 95 (268,122)

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