Edith S. Hotchkiss

Boston College - Carroll School of Management

Professor

140 Commonwealth Avenue

Department of Finance Fulton Hall, Room 330

Chestnut Hill, MA 02467

United States

SCHOLARLY PAPERS

26

DOWNLOADS
Rank 1,095

SSRN RANKINGS

Top 1,095

in Total Papers Downloads

29,310

SSRN CITATIONS
Rank 2,110

SSRN RANKINGS

Top 2,110

in Total Papers Citations

297

CROSSREF CITATIONS

318

Scholarly Papers (26)

1.

Bankruptcy and the Resolution of Financial Distress

Number of pages: 89 Posted: 24 Jan 2008
Boston College - Carroll School of Management, New York University (NYU) - Department of Finance, Norwegian School of Economics and Northeastern University, D’Amore-McKim School of Business, Finance Area
Downloads 4,686 (2,238)
Citation 16

Abstract:

Loading...

Bankruptcy, financial distress, bankruptcy costs, fire-sales, bankruptcy auctions, reorganizations, Chapter 11

2.
Downloads 3,980 ( 2,967)
Citation 104

Do Buyouts (Still) Create Value‘

Journal of Finance, Forthcoming
Number of pages: 59 Posted: 25 Aug 2007 Last Revised: 31 Aug 2009
Shourun Guo, Edith S. Hotchkiss and Weihong Song
Duke Energy Corp., Boston College - Carroll School of Management and Independent
Downloads 3,311 (3,968)
Citation 14

Abstract:

Loading...

leveraged buyout, private equity

Do Buyouts (Still) Create Value?

Journal of Finance, Forthcoming
Number of pages: 59 Posted: 25 Mar 2008 Last Revised: 25 Aug 2009
Shourun Guo, Edith S. Hotchkiss and Weihong Song
Duke Energy Corp., Boston College - Carroll School of Management and Independent
Downloads 610 (53,104)
Citation 48

Abstract:

Loading...

leverage buyouts, value creation

Do Buyouts (Still) Create Value?

NBER Working Paper No. w14187
Number of pages: 45 Posted: 21 Jul 2008 Last Revised: 29 Oct 2014
Shourun Guo, Edith S. Hotchkiss and Weihong Song
Duke Energy Corp., Boston College - Carroll School of Management and Independent
Downloads 59 (437,220)

Abstract:

Loading...

3.
Downloads 3,288 ( 4,118)

Valuation of Bankrupt Firms

Number of pages: 46 Posted: 27 Jul 1998
Stuart C. Gilson, Edith S. Hotchkiss and Richard S. Ruback
Harvard Business School - Finance Unit, Boston College - Carroll School of Management and Harvard Business School
Downloads 3,288 (4,034)
Citation 11

Abstract:

Loading...

Valuation of Bankrupt Firms

Review of Financial Studies, Vol. 13, Issue 1
Posted: 01 Mar 2000
Stuart C. Gilson, Edith S. Hotchkiss and Richard S. Ruback
Harvard Business School - Finance Unit, Boston College - Carroll School of Management and Harvard Business School

Abstract:

Loading...

Valuation of Bankrupt Firms

Review of Financial Studies
Posted: 14 Oct 1999
Stuart C. Gilson, Edith S. Hotchkiss and Richard S. Ruback
Harvard Business School - Finance Unit, Boston College - Carroll School of Management and Harvard Business School

Abstract:

Loading...

4.

Private Equity and the Resolution of Financial Distress

AFA 2012 Chicago Meetings Paper, ECGI - Finance Working Paper No. 331/2012
Number of pages: 64 Posted: 21 Mar 2011 Last Revised: 23 Oct 2020
Edith S. Hotchkiss, Per Strömberg and David C. Smith
Boston College - Carroll School of Management, Swedish House of Finance and University of Virginia - McIntire School of Commerce
Downloads 3,217 (4,285)
Citation 12

Abstract:

Loading...

Financial Distress, Bankruptcy, Private Equity, Capital Structure

5.

Vulture Investors and the Market for Control of Distressed Firms

Number of pages: 40 Posted: 01 Feb 1997
Edith S. Hotchkiss and Robert M. Mooradian
Boston College - Carroll School of Management and Northeastern University, D’Amore-McKim School of Business, Finance Area
Downloads 2,115 (8,560)
Citation 12

Abstract:

Loading...

6.

Governance in Financial Distress and Bankruptcy

Oxford Handbook of Corporate Governance, Forthcoming, Northwestern Public Law Research Paper No. 12-37
Number of pages: 44 Posted: 16 Nov 2012 Last Revised: 29 Dec 2012
Kenneth Ayotte, Edith S. Hotchkiss and Karin S. Thorburn
University of California, Berkeley - School of Law, Boston College - Carroll School of Management and Norwegian School of Economics
Downloads 1,596 (13,470)

Abstract:

Loading...

bankruptcy, reorganization, corporate finance, corporate governance, Chapter 11

7.

Determinants of Corporate Bond Trading: A Comprehensive Analysis

Number of pages: 36 Posted: 19 Jul 2007
Edith S. Hotchkiss and Gergana Jostova
Boston College - Carroll School of Management and George Washington University - Department of Finance
Downloads 1,401 (16,585)
Citation 27

Abstract:

Loading...

Institutional trading, liquidity, corporate bonds, NAIC

Acquisitions as a Means of Restructuring Firms in Chapter 11

Number of pages: 38 Posted: 21 Aug 1998
Robert M. Mooradian and Edith S. Hotchkiss
Northeastern University, D’Amore-McKim School of Business, Finance Area and Boston College - Carroll School of Management
Downloads 1,052 (25,033)
Citation 5

Abstract:

Loading...

Acquisitions as a Means of Restructuring Firms in Chapter 11

Journal of Financial Intermediation, Vol. 7, No. 3, 1998
Posted: 18 Aug 1998
Edith S. Hotchkiss and Robert M. Mooradian
Boston College - Carroll School of Management and Northeastern University, D’Amore-McKim School of Business, Finance Area

Abstract:

Loading...

Transparency and Liquidity: A Controlled Experiment on Corporate Bonds

AFA 2006 Boston Meetings Paper
Number of pages: 53 Posted: 19 Mar 2005
Edith S. Hotchkiss, Michael A. Goldstein and Erik R. Sirri
Boston College - Carroll School of Management, Babson College - Finance Division and Babson College
Downloads 929 (29,967)
Citation 43

Abstract:

Loading...

corporate bonds, transparency, transaction costs, TRACE

Transparency and Liquidity: A Controlled Experiment on Corporate Bonds

Review of Financial Studies, Vol. 20, No. 2, pp. 235-273, March 2007
Posted: 13 Apr 2007
Michael A. Goldstein, Edith S. Hotchkiss and Erik R. Sirri
Babson College - Finance Division, Boston College - Carroll School of Management and Babson College

Abstract:

Loading...

transparency, liquidity, corporate bonds

Transparency and Liquidity: A Controlled Experiment on Corporate Bonds

The Review of Financial Studies, Vol. 20, No. 2, pp. 235-273, 2007
Posted: 17 Jul 2008
Michael A. Goldstein, Edith S. Hotchkiss and Erik R. Sirri
Babson College - Finance Division, Boston College - Carroll School of Management and Babson College

Abstract:

Loading...

10.

Cashing Out: The Rise of M&A in Bankruptcy

Number of pages: 59 Posted: 10 Jan 2015 Last Revised: 16 Mar 2016
Stuart C. Gilson, Edith S. Hotchkiss and Matthew G Osborn
Harvard Business School - Finance Unit, Boston College - Carroll School of Management and Cornerstone Research
Downloads 891 (32,259)
Citation 7

Abstract:

Loading...

Chapter 11, Bankruptcy, Mergers and Acquisitions, Section 363, Asset Sales, Liquidations, Creditor Control

11.

The Informational Efficiency of the Corporate Bond Market: An Intraday Analysis

Number of pages: 42 Posted: 03 Jan 2000
Tavy Ronen and Edith S. Hotchkiss
Rutgers Business School -Newark and New Brunswick, Department of Finance & Economics and Boston College - Carroll School of Management
Downloads 861 (33,792)
Citation 20

Abstract:

Loading...

12.

Dealer Behavior and the Trading of Newly Issued Corporate Bonds

Number of pages: 62 Posted: 19 Oct 2007 Last Revised: 11 Jun 2021
Babson College - Finance Division, Boston College - Carroll School of Management and University of Nebraska - Lincoln
Downloads 832 (35,515)
Citation 45

Abstract:

Loading...

Corporate bonds, primary and secondary markets, underwriters, OTC markets, trading networks, dealers, bookbuilding

13.
Downloads 630 ( 51,520)
Citation 14

Holdups, Renegotiation, and Deal Protection in Mergers

Number of pages: 48 Posted: 22 Apr 2005
Edith S. Hotchkiss, Jun "QJ" Qian and Weihong Song
Boston College - Carroll School of Management, Fanhai International School of Finance, Fudan University and Independent
Downloads 469 (73,804)
Citation 21

Abstract:

Loading...

Holdup, renegotiation, merger, deal protection, termination fee, lockup.

Holdups, Renegotiation, and Deal Protection in Mergers

Number of pages: 48 Posted: 23 Oct 2013
Edith S. Hotchkiss, Jun "QJ" Qian, Weihong Song and Julie Lei Zhu
Boston College - Carroll School of Management, Fanhai International School of Finance, Fudan University, Independent and Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)
Downloads 124 (275,865)
Citation 3

Abstract:

Loading...

Holdup, renegotiation, merger, deal protection, termination fee, lockup

Holdups, Renegotiation, and Deal Protection in Mergers

Number of pages: 46 Posted: 09 Oct 2017 Last Revised: 14 Oct 2017
Edith S. Hotchkiss, Jun "QJ" Qian and Julie Zhu
Boston College - Carroll School of Management, Fanhai International School of Finance, Fudan University and Fanhai International School of Finance(FISF), Fudan University
Downloads 37 (533,447)

Abstract:

Loading...

Holdup, renegotiation, merger, deal protection, termination fee, lockup

14.

The Value of Creditor Control in Corporate Bonds

Journal of Financial Economics (JFE), Volume 121, Issue 1, pp. 1-27, July 2016
Number of pages: 62 Posted: 07 Mar 2014 Last Revised: 01 Jun 2016
Peter Feldhütter, Edith S. Hotchkiss and Oğuzhan Karakaş
Copenhagen Business School, Boston College - Carroll School of Management and Cambridge Judge Business School - Finance Subject Group
Downloads 613 (53,426)
Citation 10

Abstract:

Loading...

Creditor control, Credit default swap (CDS), Distress, Default, Bankruptcy, Covenant violation, Liquidity, Corporate bonds

15.

Auctions in Bankruptcy

Number of pages: 37 Posted: 03 Jul 1999
Edith S. Hotchkiss and Robert M. Mooradian
Boston College - Carroll School of Management and Northeastern University, D’Amore-McKim School of Business, Finance Area
Downloads 528 (64,328)
Citation 4

Abstract:

Loading...

16.

Empirical Evidence on the Existence of Dividend Clienteles

Number of pages: 44 Posted: 20 Jul 2007
Edith S. Hotchkiss and Stephen Lawrence
Boston College - Carroll School of Management and The Vanguard Group
Downloads 505 (67,999)
Citation 24

Abstract:

Loading...

Dividend policy, institutional investors, clienteles

17.
Downloads 449 ( 78,723)
Citation 1

Corporate Pensions and Financial Distress

AFA 2015 Boston Meetings Paper
Number of pages: 39 Posted: 17 Jan 2015
Ying Duan, Edith S. Hotchkiss and Yawen Jiao
Simon Fraser University (SFU) - Beedie School of Business, Boston College - Carroll School of Management and University of California, Riverside
Downloads 382 (94,351)
Citation 2

Abstract:

Loading...

Financial distress; Pension plans; Company stock; Underfunding

Corporate Pensions and Financial Distress

Number of pages: 39 Posted: 03 Dec 2019
Ying Duan, Pouyan Foroughi, Edith S. Hotchkiss and Yawen Jiao
Simon Fraser University (SFU) - Beedie School of Business, York University - Schulich School of Business, Boston College - Carroll School of Management and University of California, Riverside
Downloads 67 (409,279)

Abstract:

Loading...

Financial distress; Pension plans; Company stock; Underfunding

18.

Providing Liquidity in an Illiquid Market: Dealer Behavior in U.S. Corporate Bonds

Number of pages: 66 Posted: 01 Jun 2017 Last Revised: 21 Jul 2018
Michael A. Goldstein and Edith S. Hotchkiss
Babson College - Finance Division and Boston College - Carroll School of Management
Downloads 372 (97,963)
Citation 35

Abstract:

Loading...

Corporate Bond Illiquidity, Capital Commitment, Dealer Inventory, Market-Making, transparency, TRACE, transaction costs

19.

The Motives for Private Equity Buyouts of Private Firms: Evidence from U.S. Corporate Tax Returns

Number of pages: 48 Posted: 01 Sep 2013 Last Revised: 12 Jun 2020
Jonathan B. Cohn, Edith S. Hotchkiss and Erin Towery
University of Texas at Austin, Boston College - Carroll School of Management and University of Georgia
Downloads 348 (105,296)
Citation 11

Abstract:

Loading...

Private Equity Buyouts, Private Firms, Financing Constraints, Capital Structure

20.

Holdups, Renegotiation, and Termination Fees in Mergers

AFA 2005 Philadelphia Meetings
Number of pages: 50 Posted: 18 Nov 2004
Edith S. Hotchkiss, Jun "QJ" Qian and Weihong Song
Boston College - Carroll School of Management, Fanhai International School of Finance, Fudan University and Independent
Downloads 313 (118,386)
Citation 3

Abstract:

Loading...

Holdup, renegotiation, merger, termination fee, lockup, toehold

21.

Payday Before Mayday: CEO Compensation Contracting for Distressed Firms

Number of pages: 62 Posted: 01 Apr 2020 Last Revised: 29 Apr 2020
Mary Ellen Carter, Edith S. Hotchkiss and Mahdi Mohseni
Boston College - Department of Accounting, Boston College - Carroll School of Management and Tehran Institute of Advanced Studies
Downloads 265 (140,937)
Citation 2

Abstract:

Loading...

CEO Compensation, Managerial Incentives, Contracting, Financial Distress, Default, Creditors, Pay-performance Sensitivity

22.

Business Ties and Information Advantage: Evidence from Mutual Fund Trading

Number of pages: 65 Posted: 18 Mar 2011 Last Revised: 07 Aug 2016
Ying Duan, Edith S. Hotchkiss and Yawen Jiao
Simon Fraser University (SFU) - Beedie School of Business, Boston College - Carroll School of Management and University of California, Riverside
Downloads 246 (151,803)
Citation 5

Abstract:

Loading...

Business ties, Mutual funds, Information advantage, Employee pension plans

23.

Corporate Capital Raising During the COVID Crisis

Number of pages: 41 Posted: 02 Nov 2020
Edith S. Hotchkiss, Greg Nini and David C. Smith
Boston College - Carroll School of Management, Drexel University - Department of Finance and University of Virginia - McIntire School of Commerce
Downloads 149 (239,356)
Citation 4

Abstract:

Loading...

24.

Secondary Market Liquidity and Primary Market Pricing of Corporate Bonds

Journal of Risk and Financial Management, 2019
Number of pages: 22 Posted: 04 Jun 2019
Michael A. Goldstein, Edith S. Hotchkiss and David Pedersen
Babson College - Finance Division, Boston College - Carroll School of Management and Rutgers School of Business-Camden
Downloads 44 (489,568)
Citation 2

Abstract:

Loading...

corporate bonds, liquidity, primary market pricing

25.

Does Shareholder Composition Matter? Evidence from the Market Reaction to Corporate Earnings Announcements

Posted: 05 Nov 2003
Edith S. Hotchkiss and Deon Strickland
Boston College - Carroll School of Management and Arizona State University (ASU) - Finance Department

Abstract:

Loading...

26.

Post-Bankruptcy Performance and Management Turnover

Posted: 04 May 2000
Edith S. Hotchkiss
Boston College - Carroll School of Management

Abstract:

Loading...