Kenneth N. Daniels

Daniels Foundation for Impact Investments and Development

Professor of Finance

New Jersey, NJ 07018

United States

  • Daniels Foundation for Impact Investments and Development

SCHOLARLY PAPERS

31

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9

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62

Scholarly Papers (31)

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1.

A Primer on Loan Pricing Models: A Case Study from Virginia Community Capital (VCC)

Number of pages: 16 Posted: 14 May 2011 Last Revised: 24 Apr 2020
Kenneth N. Daniels
Daniels Foundation for Impact Investments and Development
Downloads 1,271 (16,635)

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RAROC, loan pricing, cost of capital, credit risk

2.

The Effect of Credit Ratings on Credit Default Swap Spreads and Credit Spreads

Journal of Fixed Income, December 2005
Number of pages: 18 Posted: 13 Dec 2005 Last Revised: 13 Nov 2007
Kenneth N. Daniels and Malene Shin Jensen
Daniels Foundation for Impact Investments and Development and University of Aarhus - Department of Management
Downloads 960 (25,218)
Citation 5

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Credit Risk, Credit Default Swaps, Credit Rating, Principal Component Analysis, Event Study

3.

Efficiency Estimation of U.S. Commercial Banking: A Stochastic Frontier Approach Using Gibbs Sampling

Number of pages: 37 Posted: 12 Feb 2003
James M. Sfiridis and Kenneth N. Daniels
University of Connecticut - Department of Finance and Daniels Foundation for Impact Investments and Development
Downloads 661 (42,317)
Citation 1

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Cost efficiency, X efficiency, stochastic frontier, Bayesian computation, Gibbs sampling

4.

The Role and Impact of Financial Advisors in the Market for Municipal Bonds

Journal of Financial Services Research, August 2006
Number of pages: 42 Posted: 13 Mar 2006
Kenneth N. Daniels and Jayaraman Vijayakumar
Daniels Foundation for Impact Investments and Development and Virginia Commonwealth University (VCU) - Department of Accounting
Downloads 468 (65,806)

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Financial advisors, municipal bonds, monitoring

5.

Debt Restructurings, Holdouts, and Exit Consents

Journal of Financial Stability, Vol. 3, pp. 1-17, 2007
Number of pages: 34 Posted: 27 Mar 2007 Last Revised: 23 Apr 2020
Kenneth N. Daniels and Gabriel G. Ramirez
Daniels Foundation for Impact Investments and Development and Kennesaw State University - Michael J. Coles College of Business
Downloads 369 (87,214)

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Exit consents, debt restructuring, workouts, consent solicitation, debt renegotiation, exchange offers, tender offers, coercion, and holdouts

6.

The Valuation Impact of Financial Advisors: An Empirical Analysis of Reit Merger and Acquisitions

Journal of Real Estate Research (JRER), Vol. 29, No. 1 , 2007
Number of pages: 18 Posted: 09 Mar 2006
Kenneth N. Daniels and Richard Phillips
Daniels Foundation for Impact Investments and Development and Virginia Commonwealth University (VCU) - Department of Finance, Insurance & Real Estate
Downloads 369 (87,214)
Citation 1

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REIT, mergers and acquisitions, transaction value

7.

Does Underwriter Reputation Matter in the Municipal Bond Market?

Journal of Economics and Business, November-December 2007
Number of pages: 36 Posted: 02 Nov 2006 Last Revised: 13 Oct 2007
Kenneth N. Daniels and Jayaraman Vijayakumar
Daniels Foundation for Impact Investments and Development and Virginia Commonwealth University (VCU) - Department of Accounting
Downloads 284 (116,450)

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Underwriter Reputation, Municipal Bonds, Bond Yields

8.

Impact of Information Asymmetry on Municipal Bond Yields: An Empirical Analysis

American Journal of Economics and Business Administration, 2009
Number of pages: 10 Posted: 01 May 2009
Kenneth N. Daniels and Demissew Diro Ejara
Daniels Foundation for Impact Investments and Development and University of New Haven
Downloads 267 (124,273)

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Municipal bonds, bond yields, information asymmetry, revenue bonds, General obligation bonds, credit rating

9.

Information, Credit Risk, Lending Specialization, and Loan Pricing: Evidence from the DIP Financing Market

Journal of Financial Services Research, Vol 34, Number 1, August 2008
Number of pages: 49 Posted: 15 May 2008 Last Revised: 17 Mar 2009
Kenneth N. Daniels and Gabriel G. Ramirez
Daniels Foundation for Impact Investments and Development and Kennesaw State University - Michael J. Coles College of Business
Downloads 249 (133,608)
Citation 1

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Bank loans, financial intermediation, debtor in possession financing, loan contracting, lending specialization, loan pricing, information effects, credit risk, and chapter 11.

10.

The Impact of Arrangers and Buyout Sponsors on Loan Pricing in Leverage Buyouts: A Cross Border Study of US and European Leverage Buyouts

Banking and Capital Markets: New International Perspectives World Scientific Press, 2010
Number of pages: 34 Posted: 06 Mar 2009 Last Revised: 24 Apr 2020
Kenneth N. Daniels and Irvin Morgan
Daniels Foundation for Impact Investments and Development and Bentley University - McCallum Graduate School of Business
Downloads 215 (153,950)

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LBOs, Private equity, sponsorship, syndicated lending

11.

An Empirical Analysis of the Determinants and Pricing of Corporate Bond Clawbacks

Journal of Corporate Finance, Vol. 15 No. 4, 2009
Number of pages: 45 Posted: 17 Mar 2009 Last Revised: 13 Oct 2009
Kenneth N. Daniels, Demissew Diro Ejara and Jayaraman Vijayakumar
Daniels Foundation for Impact Investments and Development, University of New Haven and Virginia Commonwealth University (VCU) - Department of Accounting
Downloads 176 (184,907)
Citation 1

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clawbacks, IPO, high yield, debt pricing, renegotiation

12.

The Impact of Electronic Auctions and Auction Types on the Market for Municipal Bonds

Municipal Finance Journal, Vol. 28, No. 2, pp. 25-47, Summer 2007
Number of pages: 31 Posted: 25 May 2007 Last Revised: 06 Feb 2008
Kenneth N. Daniels and Jayaraman Vijayakumar
Daniels Foundation for Impact Investments and Development and Virginia Commonwealth University (VCU) - Department of Accounting
Downloads 174 (186,745)

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Electronic bidding, Municipal Bonds, Auctions

13.

Debt Maturity, Credit Risk and Information Asymmetry: The Case of Municipal Bonds

Downloads 169 (191,542)
Citation 4

Debt Maturity, Credit Risk and Information Asymmetry: The Case of Municipal Bonds

The Financial Review, Forthcoming
Number of pages: 28 Posted: 10 Oct 2009
Kenneth N. Daniels, Demissew Diro Ejara and Jayaraman Vijayakumar
Daniels Foundation for Impact Investments and Development, University of New Haven and Virginia Commonwealth University (VCU) - Department of Accounting
Downloads 166 (194,608)

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municipal bonds, debt maturity, risk, credit quality, information asymmetry

Debt Maturity, Credit Risk, and Information Asymmetry: The Case of Municipal Bonds

Financial Review, Vol. 45, Issue 3, pp. 603-626, August 2010
Number of pages: 24 Posted: 13 Jul 2010
Kenneth N. Daniels, Demissew Diro Ejara and Jayaraman Vijayakumar
Daniels Foundation for Impact Investments and Development, affiliation not provided to SSRN and Virginia Commonwealth University (VCU) - Department of Accounting
Downloads 3 (710,000)
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14.

A Primer on Pricing and Valuation: The Case of Credit Default Swaps

Number of pages: 6 Posted: 15 Dec 2012 Last Revised: 24 Apr 2020
Kenneth N. Daniels
Daniels Foundation for Impact Investments and Development
Downloads 142 (221,382)

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Credit defualt swaps, valuation, market efficiency

15.

The Existence of Corporate Bond Clawbacks (IPOCs): Theory and Evidence

Downloads 134 (231,890)

The Existence of Corporate Bond Clawbacks (IPOCs): Theory and Evidence

Number of pages: 63 Posted: 21 Mar 2011 Last Revised: 04 Feb 2012
Kenneth N. Daniels, Fernando Diaz and Gabriel G. Ramirez
Daniels Foundation for Impact Investments and Development, Universidad Diego Portales and Kennesaw State University - Michael J. Coles College of Business
Downloads 125 (245,472)

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IPOCs, Clawback bonds, Renegotiation, Bond Clawbacks, Convertible bonds

The Existence of Corporate Bond Clawbacks (IPOCs): Theory and Evidence

24th Australasian Finance and Banking Conference 2011 Paper
Number of pages: 61 Posted: 20 Jul 2011 Last Revised: 02 May 2020
Kenneth N. Daniels, Fernando R. Diaz and Gabriel G. Ramirez
Daniels Foundation for Impact Investments and Development, School of Business and Economics, Universidad Diego Portales and Kennesaw State University - Michael J. Coles College of Business
Downloads 9 (662,187)

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Clawback, Financial Distress, Debt Overhang, Dilution, Debt Design

16.

Deregulation, Intensity of Competition, Industry Evolution and the Productivity Growth of US Commercial Banks

Journal of Money, Credit and Banking, Vol. 37, No. 2, pp. 339-360, 2005
Number of pages: 32 Posted: 30 Nov 2003 Last Revised: 18 Nov 2007
Kenneth N. Daniels, Dogan Tirtiroglu and Ercan Tirtiroglu
Daniels Foundation for Impact Investments and Development, Kadir Has University and University of Adelaide - Business School
Downloads 110 (268,426)
Citation 2

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Total Factor Productivity Growth, MBHC Regulations, Bank Regulations

17.

An Empirical Investigation of Corporate Bond Clawbacks (IPOCs): Debt Renegotiation Versus Exercising the Clawback Option

Journal of Corporate Finance, Vol. 20 , April 2013.
Number of pages: 27 Posted: 26 Oct 2012 Last Revised: 02 Dec 2013
Kenneth N. Daniels, Fernando Diaz and Gabriel G. Ramirez
Daniels Foundation for Impact Investments and Development, Universidad Diego Portales and Kennesaw State University - Michael J. Coles College of Business
Downloads 78 (334,447)
Citation 1

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Debt renegotiation, Clawbacks, Financial distress

18.

The Relative Cost Efficiency of Stock Versus Mutual Thrifts: A Bayesian Approach

Financial Review, Vol. 39, pp. 153-178, 2004
Number of pages: 40 Posted: 30 Nov 2003 Last Revised: 18 Nov 2007
James M. Sfiridis and Kenneth N. Daniels
University of Connecticut - Department of Finance and Daniels Foundation for Impact Investments and Development
Downloads 49 (422,328)

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thrifts, cost efficiency, stochastic cost frontier, Gibbs sampler, data augmentation

19.

Regulatory Competition and Cross-Fertilization in the US Banking Markets

Number of pages: 41 Posted: 23 May 2014
Dogan Tirtiroglu, Başak Tanyeri, Ercan Tirtiroglu and Kenneth N. Daniels
Kadir Has University, Bilkent University, University of Adelaide - Business School and Daniels Foundation for Impact Investments and Development
Downloads 29 (509,326)

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Bank deregulations, Commercial Banks, Contestability, Spatial Interaction, Tiebout Model, Productivity Growth, Kalman Filter

20.

Corporate Bond Clawbacks as Contingent Capital for Banks

27th Australasian Finance and Banking Conference 2014 Paper
Number of pages: 45 Posted: 16 Aug 2014 Last Revised: 02 May 2020
Kenneth N. Daniels
Daniels Foundation for Impact Investments and Development
Downloads 9 (635,569)

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Contingent Capital, Systemic Risk, Basel Capital Requirements, Bank Regulation

21.

The Effect of Credit Rationing, Creditworthiness, and Commitments on Commercial Loan Pricing: Theory and Empirical Evidence

Number of pages: 69 Posted: 20 May 2020
Kenneth N. Daniels, Irvin Morgan and Norris Larrymore
Daniels Foundation for Impact Investments and Development, affiliation not provided to SSRN and affiliation not provided to SSRN
Downloads 7 (649,549)

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commercial loan pricing, recessions

22.

The Impact of Arrangers and Buyout Sponsors on Loan Pricing in Lbos: A Cross Border Study

Banking And Capital Markets: New International Perspectives Pages 265-297
Number of pages: 32 Posted: 17 Jan 2006 Last Revised: 02 May 2020
Kenneth N. Daniels and Irvin Morgan
Daniels Foundation for Impact Investments and Development and Bentley University - McCallum Graduate School of Business
Downloads 5 (663,774)

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Leveraged Buyouts, Syndicated Loans, Loan Pricing

23.

The GFOA Certificate Revisited: Excellence in Financial Reporting and the Costs and Benefits of High Disclosure

Number of pages: 30 Posted: 21 May 2020
Kenneth N. Daniels
Daniels Foundation for Impact Investments and Development
Downloads 3 (679,114)

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Disclosure, Municipal Bonds, Governance

24.

Regulatory Competition and Cross-Fertilization in the US Banking Markets: A Tiebout Extension and Empirical Evidence

Number of pages: 41 Posted: 17 Aug 2014 Last Revised: 02 May 2020
Dogan Tirtiroglu, Başak Tanyeri, Ercan Tirtiroglu and Kenneth N. Daniels
Kadir Has University, Bilkent University, University of Adelaide - Business School and Daniels Foundation for Impact Investments and Development
Downloads 3 (679,114)

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Spatial interaction, Tiebout Model, Bank deregulations, Commercial banks, Productivity growth, Kalman Filter

25.

Banking Geography and Cross-Fertilization in the Productivity Growth of US Commercial Banks

Tirtiroglu, Dogan; Tanyeri, A. Basak; Tirtiroglu, Ercan; Daniels, Kenneth N. (2011) : Banking geography and cross-fertilization in the productivity growth of US commercial banks, Working Paper, No. 1108, Koç University-TÜSİAD Economic Research Forum (ERF), Istanbul
Number of pages: 36 Posted: 21 May 2020
Kenneth N. Daniels
Daniels Foundation for Impact Investments and Development
Downloads 1 (701,084)

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26.

Corrigendum to “Corporate Bond Clawbacks as Contingent Capital for Bank."

Journal of Financial Stability, Volume 41 Pages 105, March 2019
Posted: 29 May 2020
Kenneth N. Daniels
Daniels Foundation for Impact Investments and Development

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Contingent Capital, Capital Asset Ratio

27.

The Impact of Private Equity Sponsors on Syndicated Loans

Quarterly Journal of Finance and Accounting, Volume 54 Issue 3-4 Pages 101-136, Summer-Autumn 2016
Posted: 21 May 2020
Kenneth N. Daniels
Daniels Foundation for Impact Investments and Development

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Private Equity, Syndicated Loans

28.

An Empirical Analysis of Municipal Bond Ratings in Virginia

Studies in Economics and Finance 1997
Posted: 21 May 2020
Kenneth N. Daniels
Daniels Foundation for Impact Investments and Development

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Municipal Bond Ratings, Probit, Virginia

29.

An Empirical Analysis of the Use of Money Orders, the Payment System of the Poor

Financial Services Review, Volume 3, Issue 1, Pages 75-81, 1993
Posted: 21 May 2020
Kenneth N. Daniels
Daniels Foundation for Impact Investments and Development

Abstract:

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Payment System, Unbanked, Money Orders

30.

Does Financial Advisor Quality Improve Liquidity and Issuer Benefits in Segmented Markets? Evidence From the Municipal Bond Market

Journal of Public Budgeting, Accounting & Financial Management ISSN: 1096-3367 Publication date: 5 November 2018
Posted: 20 May 2020
Kenneth N. Daniels, Brent C. Smith, Jack Dorminey and Jayaraman Vijayakumar
Daniels Foundation for Impact Investments and Development, Virginia Commonwealth University, affiliation not provided to SSRN and Virginia Commonwealth University (VCU) - Department of Accounting

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Municipal Bonds, Auctions, Pricing

31.

Unintended Consequences of Risk Based Pricing: Racial Differences in Mortgage Costs

Brent C Smith & Kenneth N. Daniels, 2018. 'Unintended Consequences of Risk Based Pricing: Racial Differences in Mortgage Costs,' Journal of Financial Services Research, Springer;Western Finance Association, vol. 54(3), pages 323-343, December.
Posted: 19 May 2020
Kenneth N. Daniels and Brent C. Smith
Daniels Foundation for Impact Investments and Development and Virginia Commonwealth University

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Other Papers (1)

Total Downloads: 0
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1.

The Role of Information Asymmetry on Mortgage Loan Pricing: A Lemons Dilemma of Differential Pricing

Posted: 23 Feb 2010 Last Revised: 08 Jan 2011
Kenneth N. Daniels and Brent C. Smith
Daniels Foundation for Impact Investments and Development and Virginia Commonwealth University

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residential, mortgage, discrimination, information asymmetry, public policy, market efficiency