Michael Schwert

University of Pennsylvania - The Wharton School

3641 Locust Walk

Philadelphia, PA 19104-6365

United States

SCHOLARLY PAPERS

10

DOWNLOADS
Rank 7,239

SSRN RANKINGS

Top 7,239

in Total Papers Downloads

6,401

SSRN CITATIONS
Rank 11,946

SSRN RANKINGS

Top 11,946

in Total Papers Citations

55

CROSSREF CITATIONS

26

Scholarly Papers (10)

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 1,564 (11,394)
Citation 14

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 1,279 (15,645)
Citation 31

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 1,220 (16,795)
Citation 7

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: 62 Posted: 27 Oct 2017 Last Revised: 20 Aug 2019
Michael Schwert
University of Pennsylvania - The Wharton School
Downloads 982 (22,805)
Citation 5

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 101 (275,175)
Citation 5

Abstract:

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credit spreads, syndicated loans, corporate bonds, banking

5.
Downloads 509 ( 56,552)
Citation 1

The Economics of PIPEs

Jongha Lim, Michael Schwert and Michael S. Weisbach, Journal of Financial Intermediation (Forthcoming)
Number of pages: 54 Posted: 21 Oct 2017 Last Revised: 29 Aug 2019
Jongha Lim, Michael Schwert and Michael S. Weisbach
California State University - Fullerton, Department of Finance, University of Pennsylvania - The Wharton School and Ohio State University (OSU) - Department of Finance
Downloads 499 (57,309)
Citation 1

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, Department of Finance, University of Pennsylvania - The Wharton School and Ohio State University (OSU) - Department of Finance
Downloads 10 (630,288)

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 223 (142,409)

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 152 (200,913)
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 149 (204,208)
Citation 1

Abstract:

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

9.

Sea Level Rise and Municipal Bond Yields

Number of pages: 40 Posted: 11 Nov 2019
Yale School of Management, Pennsylvania State University - Smeal College of Business, University of Colorado, Boulder and University of Pennsylvania - The Wharton School
Downloads 133 (223,902)

Abstract:

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Climate Change, Asset Prices, Sea Level Rise, Municipal Bonds

10.

Interest Rates and the Design of Financial Contracts

Number of pages: 58 Posted: 13 Jan 2020 Last Revised: 13 Feb 2020
Michael R. Roberts and Michael Schwert
The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER) and University of Pennsylvania - The Wharton School
Downloads 89 (296,621)

Abstract:

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financial contracts, interest rates, banking, commercial lending