Anjan V. Thakor

Washington University, Saint Louis - John M. Olin School of Business

Professor of Finance and Senior Associate Dean

One Brookings Drive

Campus Box 1133

St. Louis, MO 63130-4899

United States

European Corporate Governance Institute (ECGI)

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

SCHOLARLY PAPERS

113

DOWNLOADS
Rank 497

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Top 497

in Total Papers Downloads

42,105

SSRN CITATIONS
Rank 734

SSRN RANKINGS

Top 734

in Total Papers Citations

387

CROSSREF CITATIONS

924

Scholarly Papers (113)

1.

Does Corporate Performance Determine Capital Structure and Dividend Policy?

Number of pages: 53 Posted: 22 Mar 2005
University of Maryland - Robert H. Smith School of Business, Washington University, Saint Louis - John M. Olin School of Business and Washington University in Saint Louis - Olin Business School
Downloads 5,149 (1,590)
Citation 8

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Capital Structure, Dividend Policy, Disagreement

2.
Downloads 1,915 ( 8,691)
Citation 99

Overconfidence, CEO Selection, and Corporate Governance

Journal of Finance, Vol. 63, No. 6, pp. 2737-2784, December 2008
Number of pages: 50 Posted: 13 Mar 2006 Last Revised: 12 Oct 2009
Anand M. Goel and Anjan V. Thakor
Stevens Institute of Technology and Washington University, Saint Louis - John M. Olin School of Business
Downloads 1,320 (15,362)
Citation 17

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Leadership, Chief Executive Officer, CEO, Overconfidence, Corporate Governance, Leadership, Selection, Sarbanes-Oxley Act

Overconfidence, CEO Selection, and Corporate Governance

Journal of Finance, Forthcoming
Number of pages: 67 Posted: 31 Aug 2007
Anjan V. Thakor and Anand M. Goel
Washington University, Saint Louis - John M. Olin School of Business and Stevens Institute of Technology
Downloads 595 (47,942)
Citation 16

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Leadership, Overconfidence, CEO, Chief Executive Officer, Corporate Governance, Tournament

3.

Rationality, Overconfidence and Leadership

Number of pages: 50 Posted: 09 Oct 2000
Anjan V. Thakor and Anand M. Goel
Washington University, Saint Louis - John M. Olin School of Business and Stevens Institute of Technology
Downloads 1,539 (12,302)
Citation 14

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4.

The Economics of Higher Purpose

ECGI - Finance Working Paper No. 395/2013
Number of pages: 50 Posted: 03 Dec 2013 Last Revised: 05 Dec 2013
Anjan V. Thakor and Robert E. Quinn
Washington University, Saint Louis - John M. Olin School of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 1,468 (13,293)
Citation 6

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Higher purpose, budget constraints, wealth maximization

5.

Signaling, Free Cash Flow, and 'Nonmonotonic' Dividends

AFA 2003 Washington, DC Meetings
Number of pages: 37 Posted: 30 Nov 2002
Kathleen P. Fuller and Anjan V. Thakor
University of Mississippi - School of Business Administration and Washington University, Saint Louis - John M. Olin School of Business
Downloads 1,271 (16,613)
Citation 3

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6.

Expansion of Banking Scale and Scope: Don't Banks Know the Value of Focus?

London Business School WP No. LBS-IFA 275-1998
Number of pages: 29 Posted: 13 Aug 1998
Arnoud W. A. Boot, Anjan V. Thakor and Todd T. Milbourn
University of Amsterdam - Amsterdam Business School, Washington University, Saint Louis - John M. Olin School of Business and Washington University in Saint Louis - Olin Business School
Downloads 1,254 (16,946)
Citation 4

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7.

Why Do Firms Issue Equity

Journal of Finance, Vol. 62, No. 1, February 2007, Ross School of Business Paper No. 1019
Number of pages: 64 Posted: 19 Oct 2005
Amy K. Dittmar and Anjan V. Thakor
University of Michigan at Ann Arbor - The Stephen M. Ross School of Business and Washington University, Saint Louis - John M. Olin School of Business
Downloads 1,183 (18,506)
Citation 7

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equity issue, capital structure, market timing, differerence of opinion, flexibility

8.

Bank Capital and Financial Stability: An Economic Tradeoff or a Faustian Bargain?

Forthcoming, Annual Review of Financial Economics, ECGI - Finance Working Paper No. 386
Number of pages: 76 Posted: 19 Oct 2013 Last Revised: 09 Apr 2014
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business
Downloads 1,177 (18,648)
Citation 19

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capital structure, banking and regulation of financial institutions, financial crisis

9.
Downloads 1,139 ( 19,617)
Citation 6

Corporate Culture in Banking

Number of pages: 33 Posted: 16 Feb 2015
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business
Downloads 706 (38,100)
Citation 4

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corporate culture, banking stability, regulation, corporate governance

Corporate Culture in Banking

Economic Policy Review, Issue Aug, pp. 5-16, 2016
Number of pages: 12 Posted: 23 Aug 2016 Last Revised: 16 Dec 2017
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business
Downloads 433 (71,761)
Citation 2

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financial stability, risk management, managerial incentives, deferred cash compensation

Commercial Banking and Shadow Banking: The Accelerating Integration of Banks and Markets and Its Implications for Regulation

Oxford Handbook of Banking, 2nd edition, August 2013, Washington University, Saint Louis - John M. Olin School of Business Working Paper No. 13/005
Number of pages: 46 Posted: 01 Sep 2013 Last Revised: 20 Nov 2013
Arnoud W. A. Boot and Anjan V. Thakor
University of Amsterdam - Amsterdam Business School and Washington University, Saint Louis - John M. Olin School of Business
Downloads 882 (28,038)

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Relationship banking, financial markets, integration, shadow banking, regulation

Commercial Banking and Shadow Banking: The Accelerating Integration of Banks and Markets and Its Implications for Regulation

The Oxford Handbook of Banking, Third Edition, 2018/19 Forthcoming
Number of pages: 59 Posted: 12 Jan 2018 Last Revised: 01 Mar 2019
Arnoud W. A. Boot and Anjan V. Thakor
University of Amsterdam - Amsterdam Business School and Washington University, Saint Louis - John M. Olin School of Business
Downloads 163 (197,557)
Citation 7

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commercial banking, shadow banking, PE firms, credit rating agencies

Commercial Banking and Shadow Banking: The Accelerating Integration of Banks And Markets and its Implications for Regulation

Number of pages: 59 Posted: 12 Feb 2020
Arnoud W. A. Boot and Anjan V. Thakor
University of Amsterdam - Amsterdam Business School and Washington University, Saint Louis - John M. Olin School of Business
Downloads 14 (624,155)

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financial markets, banks, blurring boundaries

11.

Why Do Firms Smooth Earnings?

Number of pages: 55 Posted: 11 Jul 2000
Anand M. Goel and Anjan V. Thakor
Stevens Institute of Technology and Washington University, Saint Louis - John M. Olin School of Business
Downloads 938 (26,066)
Citation 12

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12.

Fintech and Banking

Number of pages: 40 Posted: 27 Feb 2019 Last Revised: 03 Mar 2019
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business
Downloads 919 (26,854)
Citation 5

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Fintech, Cryptocurrencies, P2P Lending, Banking, Systemic Risk

13.

P2P Lenders versus Banks: Cream Skimming or Bottom Fishing?

SAFE Working Paper No. 206, Michael J. Brennan Irish Finance Working Paper Series Research Paper No. 18-13
Number of pages: 72 Posted: 08 May 2018 Last Revised: 09 May 2019
Calebe de Roure, Loriana Pelizzon and Anjan V. Thakor
Reserve Bank of Australia, Goethe University Frankfurt - Faculty of Economics and Business Administration and Washington University, Saint Louis - John M. Olin School of Business
Downloads 908 (27,362)
Citation 25

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P2P lending, bank lending, competition

14.

The Optimal Duration of Executive Compensation: Theory and Evidence

AFA 2012 Chicago Meetings Paper
Number of pages: 43 Posted: 10 Aug 2010 Last Revised: 09 Jan 2013
Washington University in St. Louis - John M. Olin Business School, Washington University in Saint Louis - Olin Business School, Pennsylvania State University - Smeal College of Business and Washington University, Saint Louis - John M. Olin School of Business
Downloads 785 (33,479)
Citation 9

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Executive Compensation, Vesting, Duration, Managerial Myopia, Corporate Governance

Financial System Architecture and the Co-Evolution of Banks and Capital Markets

Third Singapore International Conference on Finance 2009
Number of pages: 40 Posted: 30 Jan 2006 Last Revised: 22 Jul 2009
Fenghua Song and Anjan V. Thakor
Pennsylvania State University - Smeal College of Business and Washington University, Saint Louis - John M. Olin School of Business
Downloads 563 (51,470)
Citation 7

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Financial System Architecture, Bank Evolution, Capital Market Evolution

Financial System Architecture and the Co-Evolution of Banks and Capital Markets

The Economic Journal, Forthcoming
Number of pages: 41 Posted: 05 Sep 2009 Last Revised: 29 Jan 2010
Fenghua Song and Anjan V. Thakor
Pennsylvania State University - Smeal College of Business and Washington University, Saint Louis - John M. Olin School of Business
Downloads 199 (165,183)
Citation 19

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Market Liquidity, Investor Participation and Managerial Autonomy: Why Do Firms Go Private?

ECGI Finance Working Paper No. 119/2006
Number of pages: 54 Posted: 02 Apr 2006
University of Amsterdam - Amsterdam Business School, Washington University, Saint Louis - John M. Olin School of Business and Washington University in St. Louis - John M. Olin Business School
Downloads 402 (78,127)
Citation 1

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Managerial autonomy, liquidity, ownership, investor participation, firm participation

Market Liquidity, Investor Participation and Managerial Autonomy: Why Do Firms Go Private?

Journal of Finance 63-4, August 2008, 2013-2059
Number of pages: 40 Posted: 23 Mar 2007 Last Revised: 12 Oct 2009
University of Amsterdam - Amsterdam Business School, Washington University in St. Louis - John M. Olin Business School and Washington University, Saint Louis - John M. Olin School of Business
Downloads 307 (106,435)
Citation 1

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Going Private, Public vs Private Ownership, Corporate Governance, Investor Participation

Market Liquidity, Investor Participation and Managerial Autonomy: Why Do Firms Go Private?

CEPR Discussion Paper No. 5510
Number of pages: 52 Posted: 02 Jun 2006
University of Amsterdam - Amsterdam Business School, Washington University, Saint Louis - John M. Olin School of Business and Washington University in St. Louis - John M. Olin Business School
Downloads 17 (602,533)
Citation 2
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Corporate finance

17.

Corporate Finance, Financial Intermediation and Banking: An Overview

CORPORATE FINANCE, FINANCIAL INTERMEDIATION AND BANKING: AN OVERVIEW, Arnoud Boot, Anjan Thakor, eds., Elsevier, Forthcoming, Amsterdam Center for Law & Economics Working Paper No. 2007-07
Number of pages: 11 Posted: 19 Sep 2007 Last Revised: 30 Mar 2011
Arnoud W. A. Boot and Anjan V. Thakor
University of Amsterdam - Amsterdam Business School and Washington University, Saint Louis - John M. Olin School of Business
Downloads 723 (37,453)
Citation 1

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Go Public or Stay Private: A Theory of Entrepreneurial Choice

Boot-Gopalan-Thakor Working Paper No. 08-03
Number of pages: 33 Posted: 10 Oct 2003
University of Amsterdam - Amsterdam Business School, Washington University, Saint Louis - John M. Olin School of Business and Washington University in St. Louis - John M. Olin Business School
Downloads 621 (45,316)
Citation 2

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managerial autonomy, cost of capital, entrepreneur/manager's choice between private and public ownership, autonomy, optimum management

Go Public or Stay Private: A Theory of Entrepreneurial Choice

CEPR Discussion Paper No. 4219
Number of pages: 39 Posted: 26 Feb 2004
University of Amsterdam - Amsterdam Business School, Washington University, Saint Louis - John M. Olin School of Business and Washington University in St. Louis - John M. Olin Business School
Downloads 38 (476,171)
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Ownership structures, stockmarket listing

19.

Fifty Years Since Modigliani and Miller: Is Capital Structure Really Relevant for Firm Value?

Number of pages: 41 Posted: 25 Feb 2011
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business
Downloads 655 (42,818)
Citation 1

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20.

Bank Loan Commitment Contracts: Data, Theory, and Tests

J. OF MONEY, CREDIT AND BANKING, Vol. 29 No. 4, Part 1, November 1997
Number of pages: 31 Posted: 08 Jul 1997
Richard L. Shockley and Anjan V. Thakor
Indiana University - Kelley School of Business - Department of Finance and Washington University, Saint Louis - John M. Olin School of Business
Downloads 650 (43,276)
Citation 15

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21.

The Accelerating Integration of Banks and Markets and its Implications for Regulation

Oxford Handbook of Banking, Forthcoming, Amsterdam Center for Law & Economics Working Paper No. 2008-02
Number of pages: 51 Posted: 19 Mar 2008 Last Revised: 30 Mar 2011
Arnoud W. A. Boot and Anjan V. Thakor
University of Amsterdam - Amsterdam Business School and Washington University, Saint Louis - John M. Olin School of Business
Downloads 594 (48,688)

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22.

Duration of Executive Compensation

Journal of Finance, Forthcoming
Number of pages: 50 Posted: 09 Jan 2013
Washington University in St. Louis - John M. Olin Business School, Washington University in Saint Louis - Olin Business School, Pennsylvania State University - Smeal College of Business and Washington University, Saint Louis - John M. Olin School of Business
Downloads 536 (55,467)
Citation 11

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executive compensation, vesting, duration, managerial myopia, corporate governance

Caught between Scylla and Charybdis? Regulating Bank Leverage When There is Rent Seeking and Risk Shifting

AFA 2012 Chicago Meetings Paper, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 365/2013
Number of pages: 54 Posted: 15 Mar 2011 Last Revised: 09 Oct 2015
Viral V. Acharya, Hamid Mehran and Anjan V. Thakor
New York University - Leonard N. Stern School of Business, Independent and Washington University, Saint Louis - John M. Olin School of Business
Downloads 410 (76,406)
Citation 1

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market discipline, asset substitution, systemic risk, bailout, forbearance, moral hazard, capital requirements

Caught between Scylla and Charybdis? Regulating Bank Leverage When There is Rent-Seeking and Risk-Shifting

FRB of Cleveland Working Paper No. 10-24
Number of pages: 48 Posted: 16 Dec 2010 Last Revised: 18 Sep 2015
Viral V. Acharya, Hamid Mehran and Anjan V. Thakor
New York University - Leonard N. Stern School of Business, Independent and Washington University, Saint Louis - John M. Olin School of Business
Downloads 116 (259,406)
Citation 2

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Market Discipline, Asset Substitution, Systemic Risk, Bailout, Forbearance, Moral Hazard, Capital Requirements

Caught between Scylla and Charybdis? Regulating Bank Leverage When There is Rent-Seeking and Risk-Shifting

CEPR Discussion Paper No. DP8822
Number of pages: 59 Posted: 01 Mar 2012
Viral V. Acharya, Hamid Mehran and Anjan V. Thakor
New York University - Leonard N. Stern School of Business, Independent and Washington University, Saint Louis - John M. Olin School of Business
Downloads 10 (653,985)
Citation 5
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asset substitution, bailout, market discipline, systemic risk

24.

Liquidity Risk, Credit Risk and Interbank Competition

Number of pages: 49 Posted: 28 Nov 2008
Jian Cai and Anjan V. Thakor
Washington University in St. Louis and Washington University, Saint Louis - John M. Olin School of Business
Downloads 530 (56,292)
Citation 2

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25.

Credit Ratings and Litigation Risk

Number of pages: 39 Posted: 21 Mar 2011
Anand M. Goel and Anjan V. Thakor
Stevens Institute of Technology and Washington University, Saint Louis - John M. Olin School of Business
Downloads 504 (59,934)
Citation 22

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Credit Ratings Agencies, Cheap Talk

26.

Shareholder-Manager Disagreement, Animal Spirits, and Corporate Investment

Number of pages: 54 Posted: 16 Aug 2006
Toni M. Whited and Anjan V. Thakor
University of Michigan, Stephen M. Ross School of Business and Washington University, Saint Louis - John M. Olin School of Business
Downloads 488 (62,424)
Citation 2

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Disagreement, Investment, Stock Price, Financial Flexibility, Managerial Entrenchment

27.

Flexibility and Dividends

AFA 2004 San Diego Meetings
Number of pages: 50 Posted: 23 Nov 2003
Kathleen P. Fuller and Anjan V. Thakor
University of Mississippi - School of Business Administration and Washington University, Saint Louis - John M. Olin School of Business
Downloads 488 (62,424)

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28.

The Dark Side of Liquidity Creation: Leverage and Systemic Risk

Journal of Financial Intermediation, Forthcoming, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 445/2015
Number of pages: 66 Posted: 18 Dec 2014 Last Revised: 28 Jun 2017
Viral V. Acharya and Anjan V. Thakor
New York University - Leonard N. Stern School of Business and Washington University, Saint Louis - John M. Olin School of Business
Downloads 481 (63,540)
Citation 32

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micro-prudential regulation, macroprudential regulation, market discipline, contagion, lender of last resort, bailouts, capital requirements

Disagreement and Flexibility: A Theory of Optimal Security Issuance and Capital Structure

Tinbergen Institute Discussion Paper No. 2003-001/2
Number of pages: 58 Posted: 16 Jun 2003
Arnoud W. A. Boot and Anjan V. Thakor
University of Amsterdam - Amsterdam Business School and Washington University, Saint Louis - John M. Olin School of Business
Downloads 411 (76,206)
Citation 6

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Capital Structure, Security Issuance, Decision making

Disagreement and Flexibility: A Theory of Optimal Security Issuance and Capital Structure

CEPR Discussion Paper No. 3708
Number of pages: 58 Posted: 07 Feb 2003
Arnoud W. A. Boot and Anjan V. Thakor
University of Amsterdam - Amsterdam Business School and Washington University, Saint Louis - John M. Olin School of Business
Downloads 23 (560,786)
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Capital structure, decision-making, security issuance

30.

Payout Policy Design

Number of pages: 51 Posted: 21 Jul 2003
Ralph Bachmann and Anjan V. Thakor
Nanyang Technological University (NTU) - Division of Banking & Finance and Washington University, Saint Louis - John M. Olin School of Business
Downloads 428 (73,261)

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Payout policy, security design, capital structure choice, cash dividends, asymmetric information, endogenous information acquisition, informed trading, noisy rational expectations

31.

Managerial Career Concerns and Project Cycle Time in Capital Budgeting

Number of pages: 29 Posted: 26 Feb 1999
Todd T. Milbourn, Anjan V. Thakor and Richard L. Shockley
Washington University in Saint Louis - Olin Business School, Washington University, Saint Louis - John M. Olin School of Business and Indiana University - Kelley School of Business - Department of Finance
Downloads 405 (78,174)

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32.

Financial Intermediation as a Beliefs-Bridge between Optimists and Pessimists

Journal of Financial Economics, Forthcoming, HBS Finance Working Paper No. 04-024
Number of pages: 51 Posted: 21 May 2004
Joshua D. Coval and Anjan V. Thakor
Harvard Business School - Finance Unit and Washington University, Saint Louis - John M. Olin School of Business
Downloads 389 (81,883)
Citation 5

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Financial intermediation, optimism, pessimism

33.

The Financial Crisis of 2007-09: Why Did It Happen and What Did We Learn?

Forthcoming, Review of Corporate Finance Studies
Number of pages: 66 Posted: 29 Dec 2013 Last Revised: 31 Mar 2015
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business
Downloads 365 (88,230)
Citation 7

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Financial crises, real effects, policy responses, and regulation

34.
Downloads 360 ( 89,620)
Citation 7

Bank Culture

Number of pages: 40 Posted: 26 Feb 2016
Fenghua Song and Anjan V. Thakor
Pennsylvania State University - Smeal College of Business and Washington University, Saint Louis - John M. Olin School of Business
Downloads 235 (140,721)
Citation 2

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Bank culture, Multi-tasking problem, Competition, Bank capital, Safety nets

Bank Culture

Journal of Financial Intermediation, Forthcoming
Number of pages: 52 Posted: 14 Nov 2017
Fenghua Song and Anjan V. Thakor
Pennsylvania State University - Smeal College of Business and Washington University, Saint Louis - John M. Olin School of Business
Downloads 125 (245,241)
Citation 6

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Bank Culture, Growth, Safety, Competition, Bank Capital, Safety Nets

Information Disclosure and Fundamental Disagreement: Implications for Financial and Non-Financial Firms

Number of pages: 60 Posted: 18 Mar 2012
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business
Downloads 191 (171,552)

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disagreement, information disclosure, transparency and fragility in banking

Information Disclosure When There is Fundamental Disagreement

ECGI - Finance Working Paper No. 366/2013
Number of pages: 53 Posted: 09 Mar 2012 Last Revised: 27 Jun 2013
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business
Downloads 158 (202,894)

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36.

Fintech and Banking: What Do We Know?

Journal of Financial Intermediation, 2019
Number of pages: 46 Posted: 02 Aug 2019
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business
Downloads 344 (94,373)
Citation 4

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fintech, cryptocurrencies, P2P lending, banking, systemic risk

37.

The Effect of Creditor Rights on Bank Monitoring, Capital Structure and Risk-Taking

ECGI - Finance Working Paper No. 387, Wells Fargo Advisors Center for Finance and Accounting Research Working Paper No. 13/003
Number of pages: 47 Posted: 09 Aug 2013 Last Revised: 12 Nov 2013
Sudarshan Jayaraman and Anjan V. Thakor
University of Rochester - Simon Business School and Washington University, Saint Louis - John M. Olin School of Business
Downloads 336 (96,877)
Citation 3

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bank capital, bank monitoring, creditor rights, deposit insurance

38.

The Structure of Banker's Pay

Fisher College of Business Working Paper No. 2016-03-12, Charles A. Dice Center Working Paper No. 2016-12
Number of pages: 43 Posted: 15 Jun 2016 Last Revised: 23 Aug 2016
Tulane University - A.B. Freeman School of Business, Washington University in St. Louis - John M. Olin Business School and Washington University, Saint Louis - John M. Olin School of Business
Downloads 335 (97,195)
Citation 3

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Executive compensation, corporate governance, finance industry, TARP

Relationship Banking, Fragility and the Asset-Liability Matching Problem

Review of Financial Studies, Forthcoming
Number of pages: 50 Posted: 08 Aug 2006
Fenghua Song and Anjan V. Thakor
Pennsylvania State University - Smeal College of Business and Washington University, Saint Louis - John M. Olin School of Business
Downloads 326 (99,570)
Citation 8

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Relationship Banking, Fragility, and the Asset-Liability Matching Problem

The Review of Financial Studies, Vol. 20, Issue 6, pp. 2129-2177, 2007
Posted: 25 Jun 2008
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business

Abstract:

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G21, G28, D82, D86

40.

Sunflower Management and Capital Budgeting

Tinbergen Institute Working Paper No. 2002-059/2
Number of pages: 39 Posted: 12 Nov 2002
Arnoud W. A. Boot, Anjan V. Thakor and Todd T. Milbourn
University of Amsterdam - Amsterdam Business School, Washington University, Saint Louis - John M. Olin School of Business and Washington University in Saint Louis - Olin Business School
Downloads 323 (101,240)
Citation 2

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Capital budgeting

41.

Market Liquidity, Managerial Autonomy and the Push for Privacy: Why Do Publicly-Listed Firms Delist?

Amsterdam Center for Law & Economics Working Paper No. 2005-01
Number of pages: 51 Posted: 17 Mar 2005
University of Amsterdam - Amsterdam Business School, Washington University in St. Louis - John M. Olin Business School and Washington University, Saint Louis - John M. Olin School of Business
Downloads 318 (103,047)
Citation 2

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Public and private ownership, shareholder stability, managerial autonomy, market liquidity

42.
Downloads 309 (106,230)
Citation 2

Correlated Leverage and Its Ramifications

Number of pages: 49 Posted: 18 Mar 2009 Last Revised: 18 Mar 2014
Anand M. Goel, Fenghua Song and Anjan V. Thakor
Stevens Institute of Technology, Pennsylvania State University - Smeal College of Business and Washington University, Saint Louis - John M. Olin School of Business
Downloads 274 (120,256)

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Housing Market, Collateral, Bank Leverage, Borrower Leverage

Correlated Leverage and Its Ramifications

Journal of Financial Intermediation, Forthcoming
Number of pages: 51 Posted: 05 Aug 2014 Last Revised: 30 Oct 2014
Anand M. Goel, Fenghua Song and Anjan V. Thakor
Stevens Institute of Technology, Pennsylvania State University - Smeal College of Business and Washington University, Saint Louis - John M. Olin School of Business
Downloads 35 (490,589)
Citation 2

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leverage, high house prices, financial fragility, bank capital

43.

Killing the Bearer of Ill Tidings: A Theory of Consensus-Provision Moral Hazard

IFA Working Paper 274-1998
Number of pages: 42 Posted: 26 Feb 1999
Arnoud W. A. Boot, Anjan V. Thakor and Todd T. Milbourn
University of Amsterdam - Amsterdam Business School, Washington University, Saint Louis - John M. Olin School of Business and Washington University in Saint Louis - Olin Business School
Downloads 301 (109,338)
Citation 3

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The Highs and the Lows: A Theory of Credit Risk Assessment and Pricing Through the Business Cycle

Journal of Financial Intermediation, Forthcoming
Number of pages: 48 Posted: 31 May 2015 Last Revised: 11 Jun 2015
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business
Downloads 188 (174,058)
Citation 3

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financial crisis, learning, skill, luck

The Highs and the Lows: A Theory of Credit Risk Assessment and Pricing through the Business Cycle

Number of pages: 44 Posted: 16 Feb 2015
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business
Downloads 112 (266,063)
Citation 2

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financial crisis, learning, skill, luck

45.

Stock Repurchases and the 2017 Tax Cuts and Jobs Act

Number of pages: 64 Posted: 03 Sep 2019 Last Revised: 25 Oct 2019
Benjamin Bennett, Anjan V. Thakor and Zexi Wang
Tulane University - A.B. Freeman School of Business, Washington University, Saint Louis - John M. Olin School of Business and Lancaster University
Downloads 271 (122,180)

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Investment, Leverage, Repatriation, Repurchase, TCJA

46.

Do Agency Costs Matter for Optimal Capital Structure?

Number of pages: 46 Posted: 22 Mar 2009
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business
Downloads 268 (123,635)

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47.
Downloads 264 (125,613)
Citation 3

Do Envious CEOs Cause Merger Waves?

Review of Financial Studies, Forthcoming
Number of pages: 48 Posted: 15 Mar 2005 Last Revised: 20 Jun 2008
Anjan V. Thakor and Anand M. Goel
Washington University, Saint Louis - John M. Olin School of Business and Stevens Institute of Technology
Downloads 264 (124,979)
Citation 3

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Merger Waves, CEOs, Envy

Do Envious CEOs Cause Merger Waves?

The Review of Financial Studies, Vol. 23, Issue 2, pp. 487-517, 2009
Posted: 01 Feb 2010
Anand M. Goel and Anjan V. Thakor
Stevens Institute of Technology and Washington University, Saint Louis - John M. Olin School of Business

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48.

Bank Capital and Value in the Cross Section

Review of Financial Studies, Forthcoming
Number of pages: 74 Posted: 14 Sep 2009 Last Revised: 15 Oct 2009
Hamid Mehran and Anjan V. Thakor
Independent and Washington University, Saint Louis - John M. Olin School of Business
Downloads 250 (132,930)
Citation 20

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bank capital, bank value, capital structure, regulation, acquisitions

49.

Optimal Contracts When Agents Envy Each Other

Number of pages: 51 Posted: 16 Aug 2005
Anjan V. Thakor and Anand M. Goel
Washington University, Saint Louis - John M. Olin School of Business and Stevens Institute of Technology
Downloads 250 (132,930)
Citation 5

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Principal-Agent, Optimal Contracts, Envy, Corporate Governance

50.

Investor Heterogeneity, Investor-Management Disagreement, and Share Repurchases

Review of Financial Studies 26(10), p2453-2491, 2013, ECGI - Finance Working Paper No. 367/2013
Number of pages: 64 Posted: 31 Mar 2013 Last Revised: 16 Dec 2014
Sheng Huang and Anjan V. Thakor
China Europe International Business School and Washington University, Saint Louis - John M. Olin School of Business
Downloads 243 (136,702)
Citation 4

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stock repurchase, corporate payout, agreement, investor heterogeneity

51.
Downloads 243 (136,702)
Citation 10

Robust Capital Regulation

FRB of New York Staff Report No. 490
Number of pages: 22 Posted: 25 Apr 2011 Last Revised: 06 Jul 2011
New York University - Leonard N. Stern School of Business, Independent, Oliver Wyman and Washington University, Saint Louis - John M. Olin School of Business
Downloads 233 (141,929)
Citation 14

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capital requirements, leverage, systemic risk

Robust Capital Regulation

CEPR Discussion Paper No. DP8792
Number of pages: 24 Posted: 31 Jan 2012
New York University - Leonard N. Stern School of Business, Independent, Oliver Wyman and Washington University, Saint Louis - John M. Olin School of Business
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capital requirements, leverage, market discipline, model risk, systemic risk

52.

Banking Stability, Reputational Rents, and the Stock Market: Should Bank Regulators Care About Stock Prices?

AFA 2002 Atlanta Meetings
Number of pages: 50 Posted: 21 Dec 2001
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business
Downloads 241 (137,844)

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53.

Do Loan Commitments Cause Overlending?

Number of pages: 51 Posted: 17 Sep 2003
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business
Downloads 235 (141,217)
Citation 16

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Loan Commitments, Overlending

54.

Who Monitors the Monitor? Bank Capital Structure and Borrower Monitoring

Simon Business School Working Paper No. FR 15-11
Number of pages: 59 Posted: 14 Dec 2014
Sudarshan Jayaraman and Anjan V. Thakor
University of Rochester - Simon Business School and Washington University, Saint Louis - John M. Olin School of Business
Downloads 230 (144,823)
Citation 5

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Bank capital, bank monitoring, creditor rights, bank leverage

55.

Lending Booms, Smart Bankers and Financial Crises

American Economic Review, 2015 Forthcoming
Number of pages: 8 Posted: 01 Apr 2015
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business
Downloads 225 (147,338)
Citation 2

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financial crises, availability heuristic, bankers' skills

Managerial Autonomy, Allocation of Control Rights and Optimal Capital Structure

Amsterdam Center for Law & Economics Working Paper No. 2010-09
Number of pages: 56 Posted: 10 Sep 2010 Last Revised: 30 Mar 2011
Arnoud W. A. Boot and Anjan V. Thakor
University of Amsterdam - Amsterdam Business School and Washington University, Saint Louis - John M. Olin School of Business
Downloads 142 (221,715)
Citation 9

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managerial autonomy, control rights, capital structure

Managerial Autonomy, Allocation of Control Rights and Optimal Capital Structure

Review of Financial Economics, 2011, First Published Online September 1, 2011
Number of pages: 52 Posted: 22 Feb 2011 Last Revised: 07 Sep 2011
Arnoud W. A. Boot and Anjan V. Thakor
University of Amsterdam - Amsterdam Business School and Washington University, Saint Louis - John M. Olin School of Business
Downloads 80 (332,451)
Citation 2

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57.

Evolution of Organizational Scale and Scope

Tinbergen Institute Working Paper No. 2002-060/2
Number of pages: 37 Posted: 11 Nov 2002
Arnoud W. A. Boot, Anjan V. Thakor and Todd T. Milbourn
University of Amsterdam - Amsterdam Business School, Washington University, Saint Louis - John M. Olin School of Business and Washington University in Saint Louis - Olin Business School
Downloads 212 (155,871)

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Organizational scale and scope

58.
Downloads 201 (163,831)
Citation 2

Disagreement Costs, Control and Corporate Finance

Number of pages: 53 Posted: 28 Oct 2010
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business
Downloads 112 (266,063)
Citation 3

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Disagreement Costs, Control and Corporate Finance

Number of pages: 46 Posted: 28 Nov 2008
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business
Downloads 89 (311,006)
Citation 1

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The Economic Value of Flexibility When There is Disagreement

Tinbergen Institute Discussion Paper No. 2003-002/2
Number of pages: 50 Posted: 09 Jun 2003
Arnoud W. A. Boot and Anjan V. Thakor
University of Amsterdam - Amsterdam Business School and Washington University, Saint Louis - John M. Olin School of Business
Downloads 175 (185,676)
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Managerial Decision Making, Corporate Finance

The Economic Value of Flexibility When There is Disagreement

CEPR Discussion Paper No. 3709
Number of pages: 50 Posted: 11 Feb 2003
Arnoud W. A. Boot and Anjan V. Thakor
University of Amsterdam - Amsterdam Business School and Washington University, Saint Louis - John M. Olin School of Business
Downloads 26 (540,945)
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Corporate finance, managerial decision-making

The Post-Crisis Evolution of Banks and Markets: Introduction

Forthcoming, Journal of Financial Intermediation
Number of pages: 10 Posted: 19 Apr 2018
Arnoud W. A. Boot and Anjan V. Thakor
University of Amsterdam - Amsterdam Business School and Washington University, Saint Louis - John M. Olin School of Business
Downloads 109 (271,406)

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crisis, banks, financial markets

The Post-Crisis Evolution of Banks and Markets: Introduction

Forthcoming, Journal of Financial Intermediation
Number of pages: 11 Posted: 20 Mar 2019 Last Revised: 01 Apr 2019
Arnoud W. A. Boot and Anjan V. Thakor
University of Amsterdam - Amsterdam Business School and Washington University, Saint Louis - John M. Olin School of Business
Downloads 51 (421,777)

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The Post-Crisis Evolution of Banks and Markets: Introduction

Journal of Financial Intermediation, Volume 39, Pages 1-80 (July 2019)
Number of pages: 10 Posted: 03 Feb 2020
Arnoud W. A. Boot and Anjan V. Thakor
University of Amsterdam - Amsterdam Business School and Washington University, Saint Louis - John M. Olin School of Business
Downloads 35 (490,589)

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banks, markets, financial crisis

Information Control, Career Concerns and Corporate Governance

Journal of Finance, No. 4, August 2006
Number of pages: 56 Posted: 08 Aug 2006
Fenghua Song and Anjan V. Thakor
Pennsylvania State University - Smeal College of Business and Washington University, Saint Louis - John M. Olin School of Business
Downloads 194 (169,165)
Citation 7

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Information Control, Career Concerns and Corporate Governance

Journal of Finance, Forthcoming
Posted: 27 Apr 2005
Fenghua Song and Anjan V. Thakor
Pennsylvania State University - Smeal College of Business and Washington University, Saint Louis - John M. Olin School of Business

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62.
Downloads 191 (171,655)
Citation 3

Disagreement-Induced CEO Turnover

Number of pages: 68 Posted: 03 Nov 2014 Last Revised: 17 Jan 2020
Sheng Huang, Johan Maharjan and Anjan V. Thakor
China Europe International Business School, Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology and Washington University, Saint Louis - John M. Olin School of Business
Downloads 157 (204,021)
Citation 2

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Investor-management disagreement, heterogeneous beliefs, CEO turnover, corporate governance

Disagreement-induced CEO Turnover

Forthcoming, Journal of Financial Intermediation
Number of pages: 55 Posted: 05 Feb 2019
Sheng Huang, Johan Maharjan and Anjan V. Thakor
China Europe International Business School, Rensselaer Polytechnic Institute (RPI) and Washington University, Saint Louis - John M. Olin School of Business
Downloads 34 (495,563)
Citation 1

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Investor-management disagreement, heterogeneous beliefs, CEO turnover, corporate governance

63.

Post-Crisis Corporate Culture and Governance in Banking

European Corporate Governance Institute – Finance Working Paper No. 658/2020
Number of pages: 20 Posted: 06 Jun 2019 Last Revised: 17 Feb 2020
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business
Downloads 187 (175,029)

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financial crises, bank regulation, corporate governance, compensation, bank culture

64.

Green with Envy: Implications for Corporate Investment Distortions

Journal of Business, Forthcoming
Number of pages: 47 Posted: 24 Sep 2003
Anjan V. Thakor and Anand M. Goel
Washington University, Saint Louis - John M. Olin School of Business and Stevens Institute of Technology
Downloads 187 (175,029)
Citation 5

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65.
Downloads 180 (181,136)
Citation 8

Incentives to Innovate and Financial Crises

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 58 Posted: 20 Mar 2011 Last Revised: 29 Oct 2014
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business
Downloads 180 (181,088)
Citation 8

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Financial innovation, disagreement, financial crises

Incentives to Innovate and Financial Crises

Posted: 28 Oct 2010 Last Revised: 25 Oct 2014
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business

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66.

Prestige, Intrafirm Tournaments and Failure Aversion in Corporate Decisions

Working Paper No. 99-003
Number of pages: 29 Posted: 20 Aug 1999
Todd T. Milbourn, Anjan V. Thakor and Richard L. Shockley
Washington University in Saint Louis - Olin Business School, Washington University, Saint Louis - John M. Olin School of Business and Indiana University - Kelley School of Business - Department of Finance
Downloads 168 (192,299)
Citation 2

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67.

Bank Regulation and Banking Stability

Number of pages: 47 Posted: 25 Sep 2014
Arnoud W. A. Boot and Anjan V. Thakor
University of Amsterdam - Amsterdam Business School and Washington University, Saint Louis - John M. Olin School of Business
Downloads 165 (195,308)
Citation 1

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Bank regulation, career concerns, closure policy

68.

Information Disclosure and Opinion Divergence

Number of pages: 43 Posted: 28 Oct 2010
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business
Downloads 164 (196,304)
Citation 1

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69.

Leverage, Systemic Risk and Financial System Health: How Do We Develop a Healthy Financial System?

Financial System, Markets and Institutional Changes ( eds: Ted Linblom, Stefan Sjogren, and Magnus Willesson), Palgrave McMillan, Forthcoming
Number of pages: 15 Posted: 26 Dec 2013 Last Revised: 12 Jan 2014
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business
Downloads 153 (208,177)

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financial crises, leverage, systemic risk, healthy financial system

70.

Financial Crises and the Challenges for Future Research

Bancaria Special Issue No. 03-2010
Number of pages: 5 Posted: 12 May 2010
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business
Downloads 150 (211,657)

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Financial crisis, Infectious leverage, Financial innovation

71.

Post-Crisis Regulatory Reform in Banking: Address Insolvency Risk, Not Illiquidity!

Number of pages: 19 Posted: 05 Feb 2018
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business
Downloads 139 (225,061)
Citation 1

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liquidity risk, insolvency risk, post-crisis regulatory reform

Politics, Credit Allocation and Bank Capital Requirements

Number of pages: 37 Posted: 02 Feb 2017
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business
Downloads 90 (308,759)

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politics, credit allocation, banking, financial fragility

Politics, Credit Allocation and Bank Capital Requirements

Number of pages: 36 Posted: 23 Nov 2016
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business
Downloads 46 (441,362)
Citation 1

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Politics, Bank Regualtion, Capital Requirements

73.

Why Are Credit Ratings Coarse?

Number of pages: 41 Posted: 26 Sep 2013
Anand M. Goel and Anjan V. Thakor
Stevens Institute of Technology and Washington University, Saint Louis - John M. Olin School of Business
Downloads 123 (247,251)
Citation 4

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credit ratings, coarseness, cheap talk, credit quality

74.

Household Debt and Unemployment

Journal of Finance, Forthcoming
Number of pages: 34 Posted: 17 Jul 2018
Washington University in St. Louis, Columbia University and Washington University, Saint Louis - John M. Olin School of Business
Downloads 121 (250,391)
Citation 3

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household debt, limited liability, employment, financial regulation

75.

Robust Capital Regulation

Current Issues in Economics and Finance, Vol. 18, No. 4, 2012
Number of pages: 11 Posted: 30 May 2012
New York University (NYU) - Leonard N. Stern School of Business, Independent, Oliver Wyman and Washington University, Saint Louis - John M. Olin School of Business
Downloads 119 (253,534)
Citation 3

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Treasury, Supplementary Financing Program , Treasury General Account, Treasury Tax and Loan Note account, cash management , Supplementary Financing Program

76.

Strategic Information Disclosure When There is Fundamental Disagreement

Journal of Financial Intermediation, Forthcoming
Number of pages: 43 Posted: 26 Nov 2013 Last Revised: 28 Dec 2013
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business
Downloads 114 (261,449)
Citation 2

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corporate governance, corporate finance, executive compensation, information disclosure

77.

Notes on Financial System Development and Political Intervention

World Bank Economic Review, Forthcoming
Number of pages: 34 Posted: 24 Feb 2012 Last Revised: 30 Apr 2012
Fenghua Song and Anjan V. Thakor
Pennsylvania State University - Smeal College of Business and Washington University, Saint Louis - John M. Olin School of Business
Downloads 111 (266,429)

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financial system development, systemic risk, political intervention

78.

Higher Purpose, Incentives and Economic Performance

Number of pages: 24 Posted: 08 May 2019
Anjan V. Thakor and Robert E. Quinn
Washington University, Saint Louis - John M. Olin School of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 105 (277,076)

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Organizational performance, higher purpose, incentives, agency frictions

79.

Information Reliability and Welfare: A Theory of Coarse Credit Ratings

Number of pages: 46 Posted: 24 May 2014
Anand M. Goel and Anjan V. Thakor
Stevens Institute of Technology and Washington University, Saint Louis - John M. Olin School of Business
Downloads 101 (284,483)
Citation 10

Abstract:

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credit ratings, coarseness, cheap talk, credit quality

80.

Notes on Financial System Development and Political Intervention

World Bank Policy Research Working Paper No. 6350
Number of pages: 36 Posted: 20 Apr 2016
Fenghua Song and Anjan V. Thakor
Pennsylvania State University - Smeal College of Business and Washington University, Saint Louis - John M. Olin School of Business
Downloads 97 (292,142)

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Access to Finance, Banks & Banking Reform, Debt Markets, Bankruptcy and Resolution of Financial Distress, Financial Intermediation

81.

Disagreement, the Value of Autonomy, and Incentive Contracting

Number of pages: 42 Posted: 06 Apr 2007
Fenghua Song and Anjan V. Thakor
Pennsylvania State University - Smeal College of Business and Washington University, Saint Louis - John M. Olin School of Business
Downloads 97 (292,142)

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82.

Warehouse Banking

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 57 Posted: 19 Jun 2017
Jason Donaldson, Giorgia Piacentino and Anjan V. Thakor
Washington University in St. Louis, Columbia University and Washington University, Saint Louis - John M. Olin School of Business
Downloads 91 (304,204)
Citation 19

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warehousing, liquidity creation, bank capital, bank existence

83.

How are Bankers Paid?

European Corporate Governance Institute – Finance Working Paper No. 660/2020
Number of pages: 70 Posted: 20 Jun 2019 Last Revised: 18 Feb 2020
Tulane University - A.B. Freeman School of Business, Washington University in St. Louis - John M. Olin Business School and Washington University, Saint Louis - John M. Olin School of Business
Downloads 86 (315,229)
Citation 1

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Executive compensation, corporate governance, finance industry, TARP

84.

Higher Purpose, Corporate Culture and Governance in Banking

Number of pages: 14 Posted: 03 Feb 2020
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business
Downloads 82 (326,858)

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organizational higher purpose, ethics, corporate culture, banking

85.

Skill, Luck, and Financial Crises

Number of pages: 46 Posted: 17 May 2013 Last Revised: 20 Nov 2013
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business
Downloads 67 (363,679)
Citation 1

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financial crisis, learning, skill, luck

86.

Bank Credit and Unemployment

Number of pages: 55 Posted: 26 Aug 2015
Jason Donaldson, Giorgia Piacentino and Anjan V. Thakor
Washington University in St. Louis, Columbia University and Washington University, Saint Louis - John M. Olin School of Business
Downloads 63 (375,348)
Citation 1

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87.

The Economic Consequences of Regulatory Protection & Extraterritorial Reach

Number of pages: 60 Posted: 23 May 2018
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business
Downloads 57 (394,290)
Citation 1

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88.

Ethics and Talent in Banking

Number of pages: 41 Posted: 28 Mar 2019
Fenghua Song and Anjan V. Thakor
Pennsylvania State University - Smeal College of Business and Washington University, Saint Louis - John M. Olin School of Business
Downloads 49 (421,975)
Citation 1

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Ethics, Financial Innovation, Talent, Bank Capital

89.

Household Debt Overhang and Unemployment

Forthcoming, Journal of Finance
Number of pages: 40 Posted: 14 Jan 2019
Washington University in St. Louis, Columbia University and Washington University, Saint Louis - John M. Olin School of Business
Downloads 40 (457,435)
Citation 4

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Household Debt, Limited Liability, Employment, Financial Regulation

90.

Liquidity, Solvency and Stability (Presentation Slides)

Proceedings of the 4th Chapman Conference on Money & Finance on Liquidity: Pricing, Management and Financial Stability
Number of pages: 35 Posted: 15 Jan 2020
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business
Downloads 37 (470,290)

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91.

Success-Driven Skill Inferences and Financial Crises

Number of pages: 55 Posted: 09 Mar 2012
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business
Downloads 36 (474,762)
Citation 1

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92.

Pandemic Death Traps

Number of pages: 47 Posted: 09 Jun 2020
Anand M. Goel and Anjan V. Thakor
Stevens Institute of Technology and Washington University, Saint Louis - John M. Olin School of Business
Downloads 34 (483,911)

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pandemic, COVID-19, lockdown, shutdown, career concerns, emerging markets

93.

Ethics, Culture and Higher Purpose in Banking: Post-Crisis Governance Developments

Number of pages: 27 Posted: 20 Apr 2020
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business
Downloads 34 (483,911)

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corporate governance, ethics, culture , higher purpose

94.

The Illiquidity Fog

Number of pages: 45 Posted: 02 May 2019
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business
Downloads 13 (607,551)

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market freeze, bank capital, short-term funding reallocation

95.

Intermediation Variety

NBER Working Paper No. w25946
Number of pages: 54 Posted: 17 Jun 2019
Washington University in St. Louis, Columbia University and Washington University, Saint Louis - John M. Olin School of Business
Downloads 3 (678,654)
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96.

Eva and Total Quality Management

Journal of Applied Corporate Finance, Vol. 10, Issue 2, pp. 81-89, 1997
Number of pages: 11 Posted: 08 Feb 2019
University of Michigan at Ann Arbor, Indiana University - Kelley School of Business - Department of Finance, Washington University in Saint Louis - Olin Business School and Washington University, Saint Louis - John M. Olin School of Business
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97.

*Financial System Architecture and the Co-Evolution of Banks and Capital Markets

The Economic Journal, Vol. 120, Issue 547, pp. 1021-1055, September 2010
Number of pages: 35 Posted: 07 Sep 2010
Fenghua Song and Anjan V. Thakor
Washington University in St. Louis and Washington University, Saint Louis - John M. Olin School of Business
Downloads 1 (700,911)
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98.

Does Securitization Increase Risk?: A Theory of Loan Securitization, Reputation, and Credit Screening

Posted: 08 Dec 2015 Last Revised: 19 May 2016
Felipe Cortes and Anjan V. Thakor
D'Amore-McKim School of Business-Northeastern University and Washington University, Saint Louis - John M. Olin School of Business

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Career Concerns, Pooling, Screening, Securitization, Systematic Risk

99.

Bank Capital and Financial Stability: An Economic Trade-Off or a Faustian Bargain?

Annual Review of Financial Economics, Vol. 6, pp. 185-223, 2014
Posted: 25 Nov 2014
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business

Abstract:

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100.

A Canonical Model of Disagreement and Moral Hazard with Applications

Posted: 12 Mar 2012 Last Revised: 01 Mar 2019
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business

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disagreement, moral hazard, control allocations

101.

Investor Heterogeneity, Investor-Management Agreement and Open-Market Share Repurchases

AFA 2013 San Diego Meetings Paper
Posted: 15 Mar 2010 Last Revised: 13 Nov 2013
Anjan V. Thakor and Sheng Huang
Washington University, Saint Louis - John M. Olin School of Business and China Europe International Business School

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stock repurchase, corporate payout, agreement, investor heterogeneity

102.

The Value Sphere: The Corporate Executives' Handbook for Creating and Retaining Shareholder Wealth (4th Edition)

J. Boquist, T. Milbourn, A. Thakor, THE VALUE SPHERE: THE CORPORATE EXECUTIVES' HANDBOOK FOR CREATING AND RETAINING SHAREHOLDER WEALTH, World Scientific, 2009
Posted: 08 Sep 2009 Last Revised: 11 May 2014
John Boquist, Todd T. Milbourn and Anjan V. Thakor
Indiana University - Kelley School of Business - Department of Finance, Washington University in Saint Louis - Olin Business School and Washington University, Saint Louis - John M. Olin School of Business

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Growth Strategy, Corporate Finance, Mergers and Acquisitions, Value Creation, Capital Budgeting

103.

Corporate Control Through Board Dismissals and Takeovers

Journal of Economics and Management Strategy, Vol. 7, No. 4, pp. 489-520, 1998
Posted: 01 Dec 2008
David A. Hirshleifer and Anjan V. Thakor
University of California, Irvine - Paul Merage School of Business and Washington University, Saint Louis - John M. Olin School of Business

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104.

Managerial Conservatism, Project Choice and Debt

Review of Financial Studies, Vol. 5, No. 3, pp. 437-470, 1992
Posted: 01 Dec 2008
Anjan V. Thakor and David A. Hirshleifer
Washington University, Saint Louis - John M. Olin School of Business and University of California, Irvine - Paul Merage School of Business

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105.

Managerial Performance, Boards of Directors and Takeover Bidding

Journal of Corporate Finance, Vol. 1, No. 1, pp. 63-90, 1994
Posted: 01 Dec 2008
Anjan V. Thakor and David A. Hirshleifer
Washington University, Saint Louis - John M. Olin School of Business and University of California, Irvine - Paul Merage School of Business

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106.

The Entrepreneur's Choice between Private and Public Ownership

Journal of Finance, Forthcoming
Posted: 21 Jan 2005
University of Amsterdam - Amsterdam Business School, Washington University, Saint Louis - John M. Olin School of Business and Washington University in St. Louis - John M. Olin Business School

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Ownership structure, control, corporate governance, private and public ownership

107.

Managerial Career Concerns and Investments in Information

RAND Journal of Economics, Vol. 32, No. 2
Posted: 23 May 2001
Todd T. Milbourn, Anjan V. Thakor and Richard L. Shockley
Washington University in Saint Louis - Olin Business School, Washington University, Saint Louis - John M. Olin School of Business and Indiana University - Kelley School of Business - Department of Finance

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108.

The Many Faces of Information Disclosure

As published in Review of Financial Studies, Vol 13, 2000
Posted: 22 Nov 2000
Arnoud W. A. Boot and Anjan V. Thakor
University of Amsterdam - Amsterdam Business School and Washington University, Saint Louis - John M. Olin School of Business

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109.

Contemporary Banking Theory

JOURNAL OF FINANCIAL INTERMEDIATION, Vol 3 No 1, 1994
Posted: 26 Oct 1999
Sudipto Bhattacharya and Anjan V. Thakor
London School of Economics and Washington University, Saint Louis - John M. Olin School of Business

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110.

A Brief Retrospective and Prospective Look at the Journal of Financial Intermediation: 1990-98

Journal of Financial Intermediation, Vol. 7, No. 4
Posted: 14 Feb 1999
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business

Abstract:

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111.

The Economics of Bank Regulation

Journal of Money, Credit, and Banking, Vol. 30, No. 4, November 1998
Posted: 10 Aug 1998
London School of Economics, Washington University, Saint Louis - John M. Olin School of Business and University of Amsterdam - Amsterdam Business School

Abstract:

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112.

Capital Requirements, Monetary Policy, and Aggregate Bank Lending: Theory and Empirical Evidence

J. OF FINANCE, Vol. 51 No. 1, March 1996
Posted: 28 Jun 1998
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business

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113.

A Rationale for the Functional Separation of Qualitative Asset Transformation Services in Banking

Posted: 19 Apr 1998
Stephen R. Peters and Anjan V. Thakor
Kansas State University - Department of Finance and Washington University, Saint Louis - John M. Olin School of Business

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Other Papers (1)

Total Downloads: 5
1.

Intrinsically-Motivated CEOs, Overbearing Boards, and Diversity in Corporate Governance

Number of pages: 40 Posted: 25 Mar 2008
Fenghua Song and Anjan V. Thakor
Pennsylvania State University - Smeal College of Business and Washington University, Saint Louis - John M. Olin School of Business
Downloads 5

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Corporate Governance, Oversight, Intrinsic Motivation