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

  • Boston College - Carroll School of Management

    • Email
    • Tel: 617-552-3240
    • Fax: 617-552-0431
SCHOLARLY PAPERS

29

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498

CROSSREF CITATIONS

328

Scholarly Papers (29)

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1.

Bankruptcy and the Resolution of Financial Distress

Number of pages: 89 Posted: 24 Jan 2008
Edith S. Hotchkiss, Kose John, Karin S. Thorburn and Robert M. Mooradian
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 4,918 (3,147)
Citation 16

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

2.

Do Buyouts (Still) Create Value‘

Downloads 4,274 ( 3,977)
Citation 127

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 3,550 (5,343)
Citation 14

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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 631 (70,487)
Citation 42

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leverage buyouts, value creation

Do Buyouts (Still) Create Value?

NBER Working Paper No. w14187
Number of pages: 45 Posted: 21 Jul 2008 Last Revised: 08 Oct 2022
Shourun Guo, Edith S. Hotchkiss and Weihong Song
Duke Energy Corp., Boston College - Carroll School of Management and Independent
Downloads 93 (462,337)

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3.

Private Equity and the Resolution of Financial Distress

AFA 2012 Chicago Meetings Paper, ECGI - Finance Working Paper No. 331/2012
Number of pages: 61 Posted: 21 Mar 2011 Last Revised: 08 Jul 2021
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 3,602 (5,338)
Citation 12

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Financial Distress, Bankruptcy, Private Equity, Capital Structure, Leveraged Loans, Covid-19

4.

Valuation of Bankrupt Firms

Downloads 3,472 ( 5,679)

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 3,472 (5,566)
Citation 14

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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

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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

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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 2,218 (11,560)
Citation 22

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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 1,878 (15,072)

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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 1,577 (19,696)
Citation 27

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Institutional trading, liquidity, corporate bonds, NAIC

8.

Dealer Behavior and the Trading of Newly Issued Corporate Bonds

Number of pages: 62 Posted: 19 Oct 2007 Last Revised: 11 Jun 2021
Michael A. Goldstein, Edith S. Hotchkiss and Stanislava (Stas) Nikolova
Babson College - Finance Division, Boston College - Carroll School of Management and University of Nebraska-Lincoln
Downloads 1,202 (29,567)
Citation 46

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

9.

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, Inc.
Downloads 1,184 (30,220)
Citation 7

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

10.

Acquisitions as a Means of Restructuring Firms in Chapter 11

Downloads 1,093 (33,826)

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 1,093 (33,352)
Citation 5

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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

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11.

Transparency and Liquidity: A Controlled Experiment on Corporate Bonds

Downloads 992 (38,819)

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 992 (38,248)
Citation 43

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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

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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

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12.

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 906 (44,085)
Citation 33

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13.

Holdups, Renegotiation, and Deal Protection in Mergers

Downloads 765 (55,514)
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 524 (89,016)
Citation 21

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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 191 (262,400)
Citation 3

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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 50 (651,674)

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

14.

Corporate Pensions and Financial Distress

Downloads 698 (62,769)
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 411 (119,019)
Citation 2

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Financial distress; Pension plans; Company stock; Underfunding

Corporate Pensions and Financial Distress

Number of pages: 39 Posted: 03 Dec 2019 Last Revised: 06 Sep 2023
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 287 (176,677)

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Financial distress; Pension plans; Company stock; Underfunding

15.

The Role of External Capital in Funding Cash Flow Shocks: Evidence From the COVID-19 Pandemic

Number of pages: 40 Posted: 02 Nov 2020 Last Revised: 07 Mar 2022
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 678 (65,181)
Citation 7

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COVID-19, external financing, financial constraints, capital raising, corporate debt, zombies

16.

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 666 (66,635)
Citation 10

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

17.

Sources of value creation in private equity buyouts of private firms

Number of pages: 51 Posted: 01 Sep 2013 Last Revised: 18 Jan 2022
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 610 (74,493)
Citation 11

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

18.

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 602 (75,704)
Citation 26

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Dividend policy, institutional investors, clienteles

19.

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 558 (83,245)
Citation 5

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20.

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 453 (107,270)
Citation 71

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

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 384 (129,910)
Citation 2

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

22.

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 336 (150,388)
Citation 3

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

23.

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 273 (186,918)
Citation 5

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

24.

The Changing Face of Chapter 11 Bankruptcy: Insights from Recent Trends and Research

Number of pages: 34 Posted: 29 Nov 2022
Edith S. Hotchkiss, Karin S. Thorburn and Wei Wang
Boston College - Carroll School of Management, Norwegian School of Economics and Queen's University - Smith School of Business
Downloads 204 (247,509)

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Bankruptcy, Chapter 11, Defaults, Distressed Debt, Recovery Rate, 363 Sales, Private Equity, Creditor Rights, Leveraged Loans

25.

Default and Bankruptcy Resolution in China

Number of pages: 29 Posted: 29 Oct 2022 Last Revised: 31 Jan 2023
Edith S. Hotchkiss, Kose John, Bo Li, Jacopo Ponticelli and Wei Wang
Boston College - Carroll School of Management, New York University (NYU) - Department of Finance, Tsinghua University - PBC School of Finance, Northwestern University - Kellogg School of Management and Queen's University - Smith School of Business
Downloads 176 (282,419)

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Bankruptcy law, non-performing loans, shadow banks, bond markets, default, restructuring.

26.

Firms’ Response to Credit Supply: Evidence from Upsized Corporate Bond Offerings

Number of pages: 60 Posted: 23 Mar 2022 Last Revised: 16 Jan 2023
Edith S. Hotchkiss, Hurong Sun, Liying Wang and Yijia (Eddie) Zhao
Boston College - Carroll School of Management, University of Massachusetts Boston - College of Management, University of Nebraska at Lincoln and University of Massachusetts Boston - College of Management
Downloads 155 (314,581)

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Corporate bonds, primary market, order book size, credit supply, capital raising, upsizing, investment

27.

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 100 (437,344)
Citation 2

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corporate bonds, liquidity, primary market pricing

28.

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

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29.

Post-Bankruptcy Performance and Management Turnover

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

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