Paul Povel

University of Houston - Department of Finance, C.T. Bauer College of Business

University of Houston

334 Melcher Hall

Houston, TX 77204

United States

http://www.bauer.uh.edu/povel

  • University of Houston - Department of Finance, C.T. Bauer College of Business

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    • Tel: 713-743-4759
SCHOLARLY PAPERS

19

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154

Scholarly Papers (19)

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1.

Optimal Investment Under Financial Constraints: The Roles of Internal Funds and Asymmetric Information

Number of pages: 42 Posted: 19 May 2001
Paul Povel and Michael Raith
University of Houston - Department of Finance, C.T. Bauer College of Business and University of Rochester - Simon Business School
Downloads 1,211 (36,117)
Citation 29

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Financial constraints, capital market imperfections, financial contracts, investment, net worth, investment-cash flow sensitivities

2.

Booms, Busts, and Fraud

Downloads 1,000 (47,611)
Citation 20

Booms, Busts, and Fraud

AFA 2005 Philadelphia Meetings
Number of pages: 43 Posted: 13 Dec 2004
Paul Povel, Rajdeep Singh and Andrew Winton
University of Houston - Department of Finance, C.T. Bauer College of Business, University of Minnesota - Twin Cities - Carlson School of Management and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 611 (90,255)
Citation 11

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Boom, Credit Cycle, Fraud, Monitoring.

Booms, Busts, and Fraud

Review of Financial Studies, Forthcoming
Number of pages: 43 Posted: 11 Jan 2007
Paul Povel, Rajdeep Singh and Andrew Winton
University of Houston - Department of Finance, C.T. Bauer College of Business, University of Minnesota - Twin Cities - Carlson School of Management and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 389 (156,145)
Citation 9

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Boom, Credit Cycle, Fraud, Monitoring

Booms, Busts, and Fraud

The Review of Financial Studies, Vol. 20, Issue 4, pp. 1219-1254, 2007
Posted: 25 Jun 2008
Paul Povel, Rajdeep Singh and Andrew Winton
University of Houston - Department of Finance, C.T. Bauer College of Business, University of Minnesota - Twin Cities - Carlson School of Management and University of Minnesota - Twin Cities - Carlson School of Management

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E320, G300, G380

3.

Stapled Finance

Downloads 799 (64,709)
Citation 4

Stapled Finance

Number of pages: 43 Posted: 02 Aug 2007 Last Revised: 14 Jan 2009
Paul Povel and Rajdeep Singh
University of Houston - Department of Finance, C.T. Bauer College of Business and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 521 (110,345)

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Stapled Finance, Mergers & Acquisitions, Takeovers, Debt, Auctions

Stapled Finance

Journal of Finance, forthcoming
Number of pages: 29 Posted: 11 Mar 2008 Last Revised: 08 Sep 2009
Paul Povel and Rajdeep Singh
University of Houston - Department of Finance, C.T. Bauer College of Business and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 278 (224,768)
Citation 4

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Stapled Finance, Mergers & Acquisitions, Takeovers, Debt, Auctions

4.

The U-Shaped Investment Curve: Theory and Evidence

Downloads 622 (89,405)
Citation 23

The U-Shaped Investment Curve: Theory and Evidence

Simon Business School Working Paper No. FR 03-32
Number of pages: 57 Posted: 25 Nov 2003
Paul Povel, W. Sean Cleary and Michael Raith
University of Houston - Department of Finance, C.T. Bauer College of Business, Saint Mary's University, Canada - Department of Finance, Information Systems & Management Science and University of Rochester - Simon Business School
Downloads 604 (91,625)
Citation 12

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Financial constraints, capital market imperfections, financial contracts, investment, internal funds, investment-cash flow sensitivity

The U-Shaped Investment Curve: Theory and Evidence

Number of pages: 52 Posted: 10 Feb 2004
Paul Povel, W. Sean Cleary and Michael Raith
University of Houston - Department of Finance, C.T. Bauer College of Business, Saint Mary's University, Canada - Department of Finance, Information Systems & Management Science and University of Rochester - Simon Business School
Downloads 18 (1,126,732)
Citation 11
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5.

The Information Content of Put Warrant Issues

Number of pages: 36 Posted: 04 Jul 2004
Paul Povel, Scott Gibson and Rajdeep Singh
University of Houston - Department of Finance, C.T. Bauer College of Business, College of William and Mary - Mason School of Business and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 448 (133,963)

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Put warrants, share repurchases, signaling

6.

Financial Constraints and Product Market Competition: Ex-Ante vs. Ex-Post Incentives

Downloads 445 (135,069)
Citation 5

Financial Constraints and Product Market Competition: Ex-Ante vs. Ex-Post Incentives

Number of pages: 42 Posted: 20 Jul 2004
Paul Povel and Michael Raith
University of Houston - Department of Finance, C.T. Bauer College of Business and University of Rochester - Simon Business School
Downloads 445 (133,539)
Citation 5

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Financial constraints, debt, product market competition

Financial Constraints and Product Market Competition: Ex-Ante vs. Ex-Post Incentives

Posted: 25 May 2004
Paul Povel and Michael Raith
University of Houston - Department of Finance, C.T. Bauer College of Business and University of Rochester - Simon Business School

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Financial constraints, debt, product market competition

7.

Competition for Talent Under Performance Manipulation: CEOs on Steroids

Journal of Accounting and Economics, Elsevier, vol. 64(1), pages 1-14.
Number of pages: 61 Posted: 24 Oct 2013 Last Revised: 21 Oct 2018
Ivan Marinovic and Paul Povel
Graduate School of Business, Stanford University and University of Houston - Department of Finance, C.T. Bauer College of Business
Downloads 414 (146,929)
Citation 2

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Executive Compensation, Competition for Talent, Optimal Contracts, Asymmetric Information, Performance Manipulation, Earnings Management, Regulation

8.

Sale-Backs in Bankruptcy

Downloads 291 (216,686)
Citation 1

Sale-Backs in Bankruptcy

Number of pages: 32 Posted: 17 Mar 2006
Paul Povel and Rajdeep Singh
University of Houston - Department of Finance, C.T. Bauer College of Business and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 158 (386,642)

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Bankruptcy, Liquidation, Chapter 11, Section 363 Sales, Sale-Backs

Sale-Backs in Bankruptcy

Journal of Law, Economics and Organization, Vol. 23, No. 2, October 2007
Number of pages: 32 Posted: 11 Jan 2007
Paul Povel and Rajdeep Singh
University of Houston - Department of Finance, C.T. Bauer College of Business and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 133 (443,238)
Citation 1

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Bankruptcy, Liquidation, Chapter 11, Section 363 Sales, Sale-Backs

Sale-Backs in Bankruptcy

The Journal of Law, Economics, & Organization, Vol. 23, Issue 3, pp. 710-730, 2007
Posted: 23 Jun 2008
Paul Povel and Rajdeep Singh
University of Houston - Department of Finance, C.T. Bauer College of Business and University of Minnesota - Twin Cities - Carlson School of Management

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9.

Optimal Debt with Unobservable Investments

Downloads 280 (224,657)
Citation 5

Optimal Debt with Unobservable Investments

Number of pages: 32 Posted: 19 May 2001
Paul Povel and Michael Raith
University of Houston - Department of Finance, C.T. Bauer College of Business and University of Rochester - Simon Business School
Downloads 280 (223,092)
Citation 5

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financial contracting, security design, debt, bankruptcy, agency problems, moral hazard, risk-shifting, asset substitution

Optimal Debt with Unobservable Investments

Posted: 23 Jan 2004
Paul Povel and Michael Raith
University of Houston - Department of Finance, C.T. Bauer College of Business and University of Rochester - Simon Business School

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Financial contracting, security design, debt, bankruptcy, agency problems, moral hazard, risk-shifting, asset substitution

10.

Takeover Contests with Asymmetric Bidders

Downloads 250 (251,956)
Citation 25

Takeover Contests with Asymmetric Bidders

Number of pages: 50 Posted: 25 Jul 2004
Paul Povel and Rajdeep Singh
University of Houston - Department of Finance, C.T. Bauer College of Business and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 250 (250,424)
Citation 25

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Takeovers, asymmetric bidders, MBOs, deal protection devices

Takeover Contests with Asymmetric Bidders

The Review of Financial Studies, Vol. 19, Issue 4, pp. 1399-1431, 2006
Posted: 29 Feb 2008
Paul Povel and Rajdeep Singh
University of Houston - Department of Finance, C.T. Bauer College of Business and University of Minnesota - Twin Cities - Carlson School of Management

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11.

Lying to Speak the Truth: Selective Manipulation and Improved Information Transmission

Downloads 213 (294,084)
Citation 3

Lying to Speak the Truth: Selective Manipulation and Improved Information Transmission

Number of pages: 60 Posted: 03 Dec 2019 Last Revised: 30 May 2023
Paul Povel and Günter Strobl
University of Houston - Department of Finance, C.T. Bauer College of Business and University of Vienna - Department of Finance
Downloads 164 (372,218)
Citation 1

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Adverse Selection, Moral Hazard, Performance Manipulation, Earnings Management, Corporate Governance, Executive Compensation

Lying to Speak the Truth: Selective Manipulation and Improved Information Transmission

Journal of Finance, forthcoming
Number of pages: 56 Posted: 20 Dec 2023
Paul Povel and Günter Strobl
University of Houston - Department of Finance, C.T. Bauer College of Business and University of Vienna - Department of Finance
Downloads 49 (815,927)
Citation 2

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Adverse Selection, Moral Hazard, Performance Manipulation, Earnings Management, Corporate Governance, Executive Compensation

12.

Capital Structure under Collusion

Downloads 212 (295,386)
Citation 5

Capital Structure under Collusion

Journal of Financial Intermediation, Forthcoming
Number of pages: 42 Posted: 01 Dec 2016 Last Revised: 04 Nov 2019
Daniel Ferrés, Gaizka Ormazabal, Paul Povel and Giorgo Sertsios
Universidad de Montevideo, University of Navarra, IESE Business School, University of Houston - Department of Finance, C.T. Bauer College of Business and Universidad de los Andes, Chile
Downloads 209 (298,088)
Citation 3

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Capital Structure; Financial Leverage; Collusion; Cartels

Capital Structure Under Collusion

CEPR Discussion Paper No. DP12151
Number of pages: 63 Posted: 25 Jul 2017
Daniel Ferrés, Gaizka Ormazabal, Paul Povel and Giorgo Sertsios
Universidad de Montevideo, University of Navarra, IESE Business School, University of Houston - Department of Finance, C.T. Bauer College of Business and Universidad de los Andes, Chile
Downloads 3 (1,315,128)
Citation 2
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Capital Structure, cartels, Collusion, Financial Leverage, Financial Policies, Trigger Strategies

13.

Boom and Gloom

Journal of Finance, Forthcoming
Number of pages: 68 Posted: 19 Jun 2015
Paul Povel, Giorgo Sertsios, Renata Kosova and Praveen Kumar
University of Houston - Department of Finance, C.T. Bauer College of Business, Universidad de los Andes, Chile, Imperial College London and University of Houston - Department of Finance
Downloads 185 (335,008)

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Investment cycles, booms, herding, competition, imitation

14.

Getting to Know Each Other: The Role of Toeholds in Acquisitions

Number of pages: 50 Posted: 16 Nov 2012 Last Revised: 06 Nov 2013
Paul Povel and Giorgo Sertsios
University of Houston - Department of Finance, C.T. Bauer College of Business and Universidad de los Andes, Chile
Downloads 175 (352,078)
Citation 14

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Mergers & Acquisitions, Takeovers, Toeholds, Auctions

15.

Boom and Gloom

Number of pages: 53 Posted: 29 Mar 2013 Last Revised: 03 May 2014
Renata Kosova, Praveen Kumar, Paul Povel and Giorgo Sertsios
Imperial College London, University of Houston - Department of Finance, University of Houston - Department of Finance, C.T. Bauer College of Business and Universidad de los Andes, Chile
Downloads 145 (412,706)
Citation 5

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Investment cycles, booms, herding, competition

16.

An Experimental Analysis of Risk Shifting Behavior

Review of Corporate Finance Studies, Forthcoming
Number of pages: 47 Posted: 13 Jul 2014 Last Revised: 04 Aug 2016
Pablo Hernandez-Lagos, Paul Povel and Giorgo Sertsios
New York University, Abu Dhabi, University of Houston - Department of Finance, C.T. Bauer College of Business and Universidad de los Andes, Chile
Downloads 125 (463,910)
Citation 8

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Experimental Corporate Finance, Risk Shifting, Asset Substitution

17.

Using Bidder Asymmetry to Increase Seller Revenue

Downloads 104 (532,038)
Citation 5

Using Bidder Asymmetry to Increase Seller Revenue

Number of pages: 9 Posted: 18 Jul 2002
Paul Povel and Rajdeep Singh
University of Houston - Department of Finance, C.T. Bauer College of Business and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 104 (536,503)
Citation 5

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Auctions, Common Value, Asymmetric Bidders

Using Bidder Asymmetry to Increase Seller Revenue

Posted: 12 Jan 2004
Paul Povel and Rajdeep Singh
University of Houston - Department of Finance, C.T. Bauer College of Business and University of Minnesota - Twin Cities - Carlson School of Management

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Auctions, Common Value, Asymmetric Bidders

18.

Liquidity Constraints, Production Costs and Output Decisions

CEPR Discussion Paper No. 2458
Posted: 27 Jun 2000
Paul Povel and Michael Raith
University of Houston - Department of Finance, C.T. Bauer College of Business and University of Rochester - Simon Business School

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19.

Optimal 'Soft' or 'Tough' Bankruptcy Procedures

Posted: 20 Oct 1999
Paul Povel
University of Houston - Department of Finance, C.T. Bauer College of Business

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