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

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

  • European Corporate Governance Institute (ECGI)

SCHOLARLY PAPERS

121

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590

CROSSREF CITATIONS

935

Scholarly Papers (121)

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1.

Does Corporate Performance Determine Capital Structure and Dividend Policy?

Number of pages: 53 Posted: 22 Mar 2005
Michael W. Faulkender, Anjan V. Thakor and Todd T. Milbourn
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 5,319 (2,144)
Citation 8

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Capital Structure, Dividend Policy, Disagreement

2.

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 2,263 (9,070)
Citation 8

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Fintech, Cryptocurrencies, P2P Lending, Banking, Systemic Risk

3.

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 2,058 (10,650)
Citation 13

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Higher purpose, budget constraints, wealth maximization

4.

Overconfidence, CEO Selection, and Corporate Governance

Downloads 2,037 ( 10,837)
Citation 111

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 1,378 (19,531)
Citation 18

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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 659 (55,324)
Citation 24

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

5.

Corporate Culture in Banking

Downloads 1,949 ( 11,657)
Citation 8

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 981 (32,206)
Citation 3

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

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 968 (32,788)
Citation 7

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corporate culture, banking stability, regulation, corporate governance

6.

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: 86 Posted: 08 May 2018 Last Revised: 08 Oct 2021
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 1,772 (13,534)
Citation 33

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P2P lending, bank lending, competition

7.

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 1,605 (15,800)
Citation 15

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8.

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

Downloads 1,324 ( 21,089)
Citation 9

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 1,003 (31,188)

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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 289 (146,012)
Citation 8

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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 32 (626,440)

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financial markets, banks, blurring boundaries

9.

Signaling, Free Cash Flow, and 'Nonmonotonic' Dividends

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 1,293 (21,881)
Citation 3

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10.

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 1,288 (21,992)
Citation 24

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

11.

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 1,265 (22,596)
Citation 6

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12.

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 1,223 (23,786)
Citation 11

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

13.

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 963 (33,512)
Citation 13

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14.

Which Have Been the Most Research-Productive Finance Departments in the Past Twenty Years?

Number of pages: 9 Posted: 10 Nov 2021 Last Revised: 17 Nov 2021
Yakshup Chopra, Rodrigo Moser and Anjan V. Thakor
Washington University in St. Louis - John M. Olin School of Business, Amazon.com and Washington University, Saint Louis - John M. Olin School of Business
Downloads 912 (36,209)

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Finance Rankings, Finance Departments, Global Rankings, Author Rankings, Journal Publications, Business Research.

15.

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
Radhakrishnan Gopalan, Todd T. Milbourn, Fenghua Song and Anjan V. Thakor
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 830 (41,255)
Citation 10

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

16.

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

Downloads 783 ( 44,582)
Citation 34

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 573 (66,156)
Citation 6

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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 210 (199,934)
Citation 20

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17.

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 751 (47,182)
Citation 18

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fintech, cryptocurrencies, P2P lending, banking, systemic risk

18.

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

Downloads 747 ( 47,529)
Citation 44

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
Arnoud W. A. Boot, Anjan V. Thakor and Radhakrishnan Gopalan
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 414 (98,205)
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
Arnoud W. A. Boot, Radhakrishnan Gopalan and Anjan V. Thakor
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 316 (132,716)
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
Arnoud W. A. Boot, Anjan V. Thakor and Radhakrishnan Gopalan
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 (742,266)
Citation 4
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Corporate finance

19.

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 737 (48,356)
Citation 1

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20.

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 675 (54,319)
Citation 1

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21.

Go Public or Stay Private: A Theory of Entrepreneurial Choice

Downloads 673 ( 54,521)
Citation 2

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
Arnoud W. A. Boot, Anjan V. Thakor and Radhakrishnan Gopalan
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 635 (57,973)
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

Number of pages: 39 Posted: 26 Feb 2004
Arnoud W. A. Boot, Anjan V. Thakor and Radhakrishnan Gopalan
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 (590,186)
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Ownership structures, stockmarket listing

22.

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 659 (56,033)
Citation 20

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23.

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 620 (60,551)
Citation 4

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24.

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 610 (61,835)

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25.

Duration of Executive Compensation

Journal of Finance, Forthcoming
Number of pages: 50 Posted: 09 Jan 2013
Radhakrishnan Gopalan, Todd T. Milbourn, Fenghua Song and Anjan V. Thakor
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 587 (64,898)
Citation 22

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

26.

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

Downloads 555 ( 69,633)
Citation 31

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, Viral V. Acharya, Hamid Mehran and Anjan V. Thakor
ProfessorNew York University - Leonard N. Stern School of Business, Independent and Washington University, Saint Louis - John M. Olin School of Business
Downloads 426 (94,994)
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

FRB of Cleveland Working Paper No. 10-24
Number of pages: 48 Posted: 16 Dec 2010 Last Revised: 18 Sep 2015
Viral V. Acharya, Viral V. Acharya, Hamid Mehran and Anjan V. Thakor
ProfessorNew York University - Leonard N. Stern School of Business, Independent and Washington University, Saint Louis - John M. Olin School of Business
Downloads 119 (320,534)
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

CEPR Discussion Paper No. DP8822
Number of pages: 59 Posted: 01 Mar 2012
Viral V. Acharya, Viral V. Acharya, Hamid Mehran and Anjan V. Thakor
ProfessorNew York University - Leonard N. Stern School of Business, Independent and Washington University, Saint Louis - John M. Olin School of Business
Downloads 10 (808,803)
Citation 9
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asset substitution, bailout, market discipline, systemic risk

27.

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 546 (71,124)
Citation 22

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Credit Ratings Agencies, Cheap Talk

28.

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 517 (76,100)

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

29.

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, Viral V. Acharya and Anjan V. Thakor
ProfessorNew York University - Leonard N. Stern School of Business and Washington University, Saint Louis - John M. Olin School of Business
Downloads 508 (77,721)
Citation 37

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

30.

Flexibility and Dividends

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 506 (78,128)

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31.

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 448 (90,322)
Citation 7

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Financial crises, real effects, policy responses, and regulation

32.

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

Downloads 442 ( 91,786)
Citation 5

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 419 (96,789)
Citation 6

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Capital Structure, Security Issuance, Decision making

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

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 (691,786)
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Capital structure, decision-making, security issuance

33.

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 439 (92,502)

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

34.

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 416 (98,472)

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35.

Bank Culture

Downloads 403 (102,112)
Citation 14

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 247 (171,026)
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 156 (259,718)
Citation 13

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

36.

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 402 (102,427)
Citation 13

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Financial intermediation, optimism, pessimism

37.

Higher Purpose, Incentives and Economic Performance

European Corporate Governance Institute – Finance Working Paper 706/2020
Number of pages: 59 Posted: 08 May 2019 Last Revised: 30 Oct 2020
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 378 (109,923)
Citation 1

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Organizational performance, higher purpose, incentives, agency frictions

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
Benjamin Bennett, Radhakrishnan Gopalan and Anjan V. Thakor
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 374 (111,217)
Citation 4

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Executive compensation, corporate governance, finance industry, TARP

39.

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

Downloads 359 (116,461)
Citation 1

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 198 (211,108)

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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 161 (252,903)
Citation 1

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40.

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, Sudarshan Jayaraman and Anjan V. Thakor
Simon Business School, University of RochesterUniversity of Rochester - Simon Business School and Washington University, Saint Louis - John M. Olin School of Business
Downloads 354 (118,291)
Citation 3

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bank capital, bank monitoring, creditor rights, deposit insurance

41.

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

Downloads 342 (122,860)
Citation 5

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 218 (193,065)
Citation 4

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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 124 (310,876)
Citation 2

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financial crisis, learning, skill, luck

42.

Relationship Banking, Fragility and the Asset-Liability Matching Problem

Downloads 337 (124,892)
Citation 12

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 337 (124,161)
Citation 12

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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

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G21, G28, D82, D86

43.

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
Arnoud W. A. Boot, Radhakrishnan Gopalan and Anjan V. Thakor
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 333 (126,437)
Citation 2

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

44.

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 325 (129,738)
Citation 2

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Capital budgeting

45.

Correlated Leverage and Its Ramifications

Downloads 318 (132,579)
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 277 (152,457)

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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 41 (573,863)
Citation 2

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leverage, high house prices, financial fragility, bank capital

46.

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 315 (134,365)
Citation 1

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

47.

Do Envious CEOs Cause Merger Waves?

Downloads 310 (136,301)
Citation 9

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 310 (135,598)
Citation 9

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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.

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 306 (138,268)
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49.

The Carrot and the Stick: Bank Bailouts and the Disciplining Role of Board Appointments

Downloads 296 (143,055)

The Carrot and the Stick: Bank Bailouts and the Disciplining Role of Board Appointments

European Corporate Governance Institute – Finance Working Paper No. 742/2021
Number of pages: 47 Posted: 24 Mar 2021
Christian Mücke, Loriana Pelizzon, Vincenzo Pezone and Anjan V. Thakor
Leibniz Institute for Financial Research SAFE, Goethe University Frankfurt - Faculty of Economics and Business Administration, Tilburg University - Department of Finance and Washington University, Saint Louis - John M. Olin School of Business
Downloads 156 (259,718)

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corporate governance, directors, bank bailouts

The Carrot and the Stick: Bank Bailouts and the Disciplining Role of Board Appointments

SAFE Working Paper No. 316
Number of pages: 69 Posted: 08 Jul 2021 Last Revised: 08 Oct 2021
Christian Mücke, Loriana Pelizzon, Vincenzo Pezone and Anjan V. Thakor
Leibniz Institute for Financial Research SAFE, Goethe University Frankfurt - Faculty of Economics and Business Administration, Tilburg University - Department of Finance and Washington University, Saint Louis - John M. Olin School of Business
Downloads 140 (283,345)

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Bank Bailout, TARP, Capital Purchase Program, Dividend Payments, Board Appointments, Bank Recapitalization

50.

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 277 (153,121)

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51.

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, Sudarshan Jayaraman and Anjan V. Thakor
Simon Business School, University of RochesterUniversity of Rochester - Simon Business School and Washington University, Saint Louis - John M. Olin School of Business
Downloads 272 (155,970)
Citation 6

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Bank capital, bank monitoring, creditor rights, bank leverage

52.

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 (CEIBS) and Washington University, Saint Louis - John M. Olin School of Business
Downloads 268 (158,364)
Citation 7

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stock repurchase, corporate payout, agreement, investor heterogeneity

53.

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 268 (158,364)
Citation 37

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

54.

How are Bankers Paid?

European Corporate Governance Institute – Finance Working Paper No. 660/2020, forthcoming, Review of Corporate Finance Studies
Number of pages: 38 Posted: 20 Jun 2019 Last Revised: 17 Feb 2021
Benjamin Bennett, Radhakrishnan Gopalan and Anjan V. Thakor
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 266 (159,570)
Citation 1

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Executive compensation, corporate governance, finance industry, TARP

55.

Robust Capital Regulation

Downloads 259 (163,851)
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
Viral V. Acharya, Viral V. Acharya, Hamid Mehran, Til Schuermann and Anjan V. Thakor
ProfessorNew York University - Leonard N. Stern School of Business, Independent, Oliver Wyman and Washington University, Saint Louis - John M. Olin School of Business
Downloads 249 (169,691)
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
Viral V. Acharya, Viral V. Acharya, Hamid Mehran, Til Schuermann and Anjan V. Thakor
ProfessorNew York University - Leonard N. Stern School of Business, Independent, Oliver Wyman and Washington University, Saint Louis - John M. Olin School of Business
Downloads 10 (808,803)
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capital requirements, leverage, market discipline, model risk, systemic risk

56.

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 257 (165,157)
Citation 5

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Principal-Agent, Optimal Contracts, Envy, Corporate Governance

57.

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

Number of pages: 50 Posted: 21 Dec 2001
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business
Downloads 244 (173,651)

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58.

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 243 (174,343)
Citation 18

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Loan Commitments, Overlending

59.

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 239 (177,164)
Citation 5

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financial crises, availability heuristic, bankers' skills

60.

Managerial Autonomy, Allocation of Control Rights and Optimal Capital Structure

Downloads 227 (185,986)
Citation 17

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 143 (278,734)
Citation 11

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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 84 (403,719)
Citation 1

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61.

The Post-Crisis Evolution of Banks and Markets: Introduction

Downloads 222 (189,940)

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 113 (332,458)

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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 61 (481,874)

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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 48 (538,197)

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banks, markets, financial crisis

62.

Household Debt and Unemployment

Journal of Finance, Forthcoming
Number of pages: 34 Posted: 17 Jul 2018
Jason Roderick 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 219 (192,503)
Citation 6

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household debt, limited liability, employment, financial regulation

63.

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 215 (195,844)

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Organizational scale and scope

64.

Disagreement Costs, Control and Corporate Finance

Downloads 206 (203,766)
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 115 (328,356)
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 91 (384,170)
Citation 1

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65.

The Economic Value of Flexibility When There is Disagreement

Downloads 204 (205,642)
Citation 4

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 178 (231,988)
Citation 6

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Managerial Decision Making, Corporate Finance

The Economic Value of Flexibility When There is Disagreement

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 (668,518)
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Corporate finance, managerial decision-making

66.

Information Control, Career Concerns and Corporate Governance

Downloads 198 (211,241)

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 198 (211,108)
Citation 11

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Information Control, Career Concerns and Corporate Governance

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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67.

Green with Envy: Implications for Corporate Investment Distortions

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 195 (214,158)
Citation 7

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68.

Higher Purpose, the Greater Good and Finance

European Corporate Governance Institute – Finance Working Paper No. 824/2022, Olin Business School Center for Finance & Accounting Research Paper No. 2022/01
Number of pages: 58 Posted: 02 May 2022 Last Revised: 13 Jun 2022
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business
Downloads 185 (225,339)

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higher purpose, prosocial corporate behavior, corporate governance, banking, financial literacy

69.

Incentives to Innovate and Financial Crises

Downloads 183 (226,422)

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 183 (226,462)
Citation 12

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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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70.

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 176 (234,101)
Citation 1

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Bank regulation, career concerns, closure policy

71.

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 175 (235,190)
Citation 1

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72.

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 173 (237,528)
Citation 2

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73.

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 165 (247,183)

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organizational higher purpose, ethics, corporate culture, banking

74.

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 164 (248,465)
Citation 4

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liquidity risk, insolvency risk, post-crisis regulatory reform

75.

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 158 (256,421)
Citation 1

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financial crises, leverage, systemic risk, healthy financial system

76.

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 154 (261,735)

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Financial crisis, Infectious leverage, Financial innovation

77.

Ethics, Capital and Talent Competition in Banking

Journal of Financial Intermediation, Forthcoming
Number of pages: 51 Posted: 28 Mar 2019 Last Revised: 22 Feb 2022
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 153 (263,073)
Citation 1

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Ethics, Bank capital, Talent, Financial innovation

78.

Personal and Organizational Higher Purpose, Corporate Governance and Shareholder Value: Survey Results

European Corporate Governance Institute – Finance Working Paper No. 692/2020
Number of pages: 31 Posted: 27 Jul 2020 Last Revised: 29 Jul 2020
Stuart Bunderson and Anjan V. Thakor
Washington University in St. Louis and Washington University, Saint Louis - John M. Olin School of Business
Downloads 152 (264,532)
Citation 1

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higher purpose, corporate governance, shareholder value, personal well being.

79.

Politics, Credit Allocation and Bank Capital Requirements

Downloads 147 (271,808)
Citation 2

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 100 (361,658)

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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 47 (542,957)
Citation 2

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Politics, Bank Regualtion, Capital Requirements

80.

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

International Journal of Central Banking
Number of pages: 33 Posted: 20 Apr 2020 Last Revised: 18 Sep 2020
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business
Downloads 137 (287,160)

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corporate governance, ethics, culture , higher purpose

81.

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 134 (292,028)
Citation 3

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credit ratings, coarseness, cheap talk, credit quality

82.

Robust Capital Regulation

Current Issues in Economics and Finance, Vol. 18, No. 4, 2012
Number of pages: 11 Posted: 30 May 2012
Viral V. Archarya, Hamid Mehran, Til Schuermann and Anjan V. Thakor
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 130 (298,849)
Citation 3

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

83.

Market Freeze and Bank Capital Structure Heterogeneity

Management Science
Number of pages: 42 Posted: 17 Sep 2020 Last Revised: 22 Feb 2022
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 127 (304,123)

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Market freeze, Bank capital, Information reusability, Short-term funding reallocation

84.

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 120 (317,015)
Citation 6

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corporate governance, corporate finance, executive compensation, information disclosure

85.

Higher Purpose, Banking and Stability

European Corporate Governance Institute – Finance Working Paper No. 729/2021
Number of pages: 51 Posted: 23 Feb 2021 Last Revised: 14 Jan 2022
Stuart Bunderson and Anjan V. Thakor
Washington University in St. Louis and Washington University, Saint Louis - John M. Olin School of Business
Downloads 115 (326,574)

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higher purpose, banks, capital, financial stability

86.

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 115 (326,574)

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financial system development, systemic risk, political intervention

87.

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 113 (330,578)
Citation 28

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warehousing, liquidity creation, bank capital, bank existence

88.

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 106 (345,361)
Citation 9

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credit ratings, coarseness, cheap talk, credit quality

89.

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 100 (358,968)

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90.

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 99 (361,329)

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

91.

Organizational Higher Purpose

Number of pages: 22 Posted: 18 Feb 2021
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business
Downloads 86 (394,315)

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higher purpose, organizations

92.

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 77 (420,420)

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93.

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 77 (420,420)
Citation 2

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94.

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 75 (426,642)
Citation 1

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financial crisis, learning, skill, luck

95.

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 73 (432,994)
Citation 2

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

96.

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 70 (442,856)
Citation 3

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97.

Household Debt Overhang and Unemployment

Forthcoming, Journal of Finance
Number of pages: 40 Posted: 14 Jan 2019
Jason Roderick 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 49 (523,892)
Citation 8

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Household Debt, Limited Liability, Employment, Financial Regulation

98.

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 (CEIBS), Rensselaer Polytechnic Institute (RPI) and Washington University, Saint Louis - John M. Olin School of Business
Downloads 41 (561,986)
Citation 4

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

99.

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 39 (572,140)
Citation 1

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100.

Competition, Innovation and Crises: Evidence from 20 Million Securitized Loans

Number of pages: 44 Posted: 09 Aug 2021
Peter H. Haslag, Kandarp Srinivasan and Anjan V. Thakor
Vanderbilt University - Finance, Northeastern University - D’Amore-McKim School of Business and Washington University, Saint Louis - John M. Olin School of Business
Downloads 37 (582,609)
Citation 1

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securitization, competition, financial innovation, mortgage, financial crisis

101.

Funding Liquidity Creation by Banks

Number of pages: 22 Posted: 11 May 2022
Anjan V. Thakor and Edison G. Yu
Washington University, Saint Louis - John M. Olin School of Business and Federal Reserve Bank of Philadelphia
Downloads 25 (656,651)

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102.

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 18 (709,531)

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market freeze, bank capital, short-term funding reallocation

103.

Can Information Imprecision Be Valuable? The Case Of Credit Ratings

Number of pages: 34 Posted: 07 Jun 2022 Last Revised: 01 Jul 2022
Swarnava Biswas, Kostas Koufopoulos and Anjan V. Thakor
University of Bristol, University of York and Washington University, Saint Louis - John M. Olin School of Business
Downloads 14 (742,879)

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Credit ratings, Coarseness, Information precision, Adverse selection, Effort moral hazard

104.

Intermediation Variety

NBER Working Paper No. w25946
Number of pages: 54 Posted: 17 Jun 2019 Last Revised: 25 May 2022
Jason Roderick 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 8 (798,216)
Citation 2

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105.

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
Jeffrey M. Bacidore, John Boquist, Todd T. Milbourn and Anjan V. Thakor
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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106.

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

107.

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

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108.

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

109.

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 (CEIBS)

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stock repurchase, corporate payout, agreement, investor heterogeneity

110.

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

111.

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

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112.

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 Marshall School of Business, USC

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113.

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 Marshall School of Business, USC

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114.

The Entrepreneur's Choice between Private and Public Ownership

Posted: 21 Jan 2005
Arnoud W. A. Boot, Anjan V. Thakor and Radhakrishnan Gopalan
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

115.

Managerial Career Concerns and Investments in Information

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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116.

The Many Faces of Information Disclosure

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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117.

Contemporary Banking Theory

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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118.

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

Posted: 14 Feb 1999
Anjan V. Thakor
Washington University, Saint Louis - John M. Olin School of Business

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119.

The Economics of Bank Regulation

Posted: 10 Aug 1998
Sudipto Bhattacharya, Anjan V. Thakor and Arnoud W. A. Boot
London School of Economics, Washington University, Saint Louis - John M. Olin School of Business and University of Amsterdam - Amsterdam Business School

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120.

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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121.

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: 11
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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
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Corporate Governance, Oversight, Intrinsic Motivation