Clas Wihlborg

Chapman University

Professor

333 N. Glassell

Orange, CA 92866

United States

University West

Visiting Professor

Trollhättan, 46186

Sweden

  • Chapman University

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    • Tel: +17147447630

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SCHOLARLY PAPERS

34

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9,097

SSRN CITATIONS
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Top 22,952

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15

CROSSREF CITATIONS

33

Scholarly Papers (34)

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1.

The Euro Crisis: It Isn't Just Fiscal and it Doesn't Just Involve Greece

Claremont McKenna College Robert Day School of Economics and Finance Research Paper No. 2011-03
Number of pages: 37 Posted: 26 Mar 2011
Clas Wihlborg, Thomas D. Willett and Nan Zhang
Chapman University, Independent and Claremont Colleges - Claremont Graduate University
Downloads 3,303 (6,148)
Citation 3

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financial crisis, Euro currency, international debt

2.

Too Big to Fail and Too Big to Save: Dilemmas for Banking Reform

Number of pages: 95 Posted: 19 Dec 2015
James R. Barth and Clas Wihlborg
Auburn University and Chapman University
Downloads 800 (52,184)
Citation 2

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financial crises, too big to fail, systemically important banks, Dodd-Frank Act, Financial Stability Board, regulation and supervision

3.

Financial Liberalization and Banking Crises: A Cross-Country Analysis

Number of pages: 40 Posted: 23 Nov 2008 Last Revised: 10 Dec 2012
Apanard Penny Prabha, Wanvimol Sawangngoenyuang and Clas Wihlborg
University of Illinois at Springfield, Claremont Colleges - Claremont Graduate University and Chapman University
Downloads 662 (67,030)

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Banking Crisis, Financial Liberalization, Capital Regulation and Supervision

4.

Corporate Distress and Restructuring with Macroeconomic Fluctuations: The Cases of GM and Ford

Downloads 370 (135,179)
Citation 2

Corporate Distress and Restructuring with Macroeconomic Fluctuations: The Cases of GM and Ford

Journal of Applied Finance, 2012, IFN Working Paper No. 780
Number of pages: 37 Posted: 11 Dec 2008 Last Revised: 27 Jan 2013
Lars Oxelheim and Clas Wihlborg
Research Institute of Industrial Economics (IFN) and Chapman University
Downloads 301 (167,707)
Citation 3

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credit risk, creditworthiness, Z-scores, default predictions, GM, Ford, restructuring

Corporate Distress and Restructuring with Macroeconomic Fluctuations: The Cases of GM and Ford

Journal of Applied Finance (Formerly Financial Practice and Education), Vol. 22, No. 1, 2012
Number of pages: 18 Posted: 17 Nov 2015
Lars Oxelheim and Clas Wihlborg
Research Institute of Industrial Economics (IFN) and Chapman University
Downloads 69 (552,745)

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Corporate Distress and Restructuring with Macroeconomic Fluctuations: The Cases of GM and Ford

Journal of Applied Finance, Spring/Summer 2012, Volume 22, Issue 1, pp. 70-87
Posted: 29 Jul 2012
Lars Oxelheim and Clas Wihlborg
Research Institute of Industrial Economics (IFN) and Chapman University

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Credit risk, distressed securities, macroeconomic factors, default, GM, Ford

5.

Recognizing Macroeconomic Fluctuations in Value Based Management

Journal of Applied Corporate Finance, Vol. 15, No. 4, 2003, Research Institute of Industrial Economics Working Paper No. 574
Number of pages: 22 Posted: 19 May 2010
Lars Oxelheim and Clas Wihlborg
Research Institute of Industrial Economics (IFN) and Chapman University
Downloads 342 (147,385)

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Value Based Management (VBM) , Shareholder Value Analysis (SVA), Economic Value Added (EVA), Performance Measurement, Macroeconomic Fluctuations, Bonus System

6.

Deposit Insurance Coverage, Ownership, and Banks' Risk-Taking in Emerging Markets

Journal of International Money and Finance, Vol. 29, No. 2, pp. 201-386, March 2010
Number of pages: 45 Posted: 16 Jun 2008 Last Revised: 17 Feb 2010
Apanard Penny Prabha and Clas Wihlborg
University of Illinois at Springfield and Chapman University
Downloads 334 (151,581)

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Deposit Insurance, Non-performing Loans, Market Discipline, Bank Ownership, Bank Governance

7.

The Dodd-Frank Act: Key Features, Implementation Progress, and Financial System Impact

Number of pages: 44 Posted: 02 Sep 2014
James R. Barth, Apanard Penny Prabha and Clas Wihlborg
Auburn University, University of Illinois at Springfield and Chapman University
Downloads 308 (165,204)
Citation 6

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Dodd-Frank, Financial Crisis, Financial Stability, Financial Regulation

8.

The Impact of Bankruptcy Rules on Risky Project Choice and Skill Formation Under Credit Rationing

Number of pages: 33 Posted: 11 May 2002
Shubhashis Gangopadhyay and Clas Wihlborg
India Development Foundation and Chapman University
Downloads 287 (177,361)
Citation 1

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Bankruptcy rules, credit rationing, project choice

9.

Origins and Resolution of Financial Crises; Lessons from the Current and Northern European Crises

Asian Economic Papers, Vol. 8, No. 3, pp. 178-220, Fall 2009, IFN Working Paper No. 796
Number of pages: 43 Posted: 21 May 2009 Last Revised: 06 Aug 2011
Finn Ostrup, Lars Oxelheim and Clas Wihlborg
Copenhagen Business School, Research Institute of Industrial Economics (IFN) and Chapman University
Downloads 281 (181,271)

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financial crisis, institutional failure, insolvency procedures, contagion, systemic effects, macroeconomic shock, financial crisis management, Swedish model

10.

Deposit Insurance, Risk-Taking and Banking Crises: Is there a Risk-Minimizing Level of Deposit Insurance Coverage?

Number of pages: 49 Posted: 05 Nov 2008
Apanard Penny Prabha and Clas Wihlborg
University of Illinois at Springfield and Chapman University
Downloads 276 (184,618)
Citation 1

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Deposit Insurance, Risk-taking, Risk-shifting, Market Discipline, Banking Crises

11.

Executive Compensation and Macroeconomic Fluctuations

MARKETS AND COMPENSATION FOR EXECUTIVES IN EUROPE, Oxelheim, L. and C. Wihlborg, eds., Bingley: Emerald Publishing, 2008, IFN Working Paper No. 746
Number of pages: 37 Posted: 22 Apr 2008 Last Revised: 30 Jun 2020
Lars Oxelheim, Clas Wihlborg and Jianhua Zhang
Research Institute of Industrial Economics (IFN), Chapman University and University of Gothenburg - School of Business, Economics and Law
Downloads 206 (244,899)
Citation 4

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Executive Compensation, Macroeconomic Factors, Cash Compensation

12.

How to Avoid Compensating CEO for Luck: The Case of Macroeconomic Fluctuations

Thomas, R and J. Hill (eds.), Research Handbook on Executive Pay. London: Edgar Elgar Publishing, Forthcoming, IFN Working Paper No. 842
Number of pages: 38 Posted: 24 Jun 2010 Last Revised: 28 Jan 2013
Lars Oxelheim, Clas Wihlborg and Jianhua Zhang
Research Institute of Industrial Economics (IFN), Chapman University and University of Gothenburg - School of Business, Economics and Law
Downloads 193 (259,756)
Citation 2

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Executive compensation, luck, salary, bonus, option, pension, macroeconomic uncertainty, macroeconomic factor

13.

What Makes High Credit Growth Harmful? Evidence from Banking Crises

Number of pages: 43 Posted: 09 Dec 2012
Puspa Delima Amri, Puspa Delima Amri, Apanard Penny Prabha and Clas Wihlborg
Claremont Colleges - Claremont Graduate UniversityDepartment of Economics Ithaca College, University of Illinois at Springfield and Chapman University
Downloads 190 (263,477)
Citation 3

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Banking Crises, Credit Growth, Leverage, Financial Liberalization, Capital Regulation and Supervision

14.

Corporate Insolvency Procedures and Bank Behavior: A Study of Selected Asian Economies

IMF Working Paper No. 99/135
Number of pages: 46 Posted: 13 Feb 2006
Qaizar Hussain and Clas Wihlborg
International Monetary Fund (IMF) and Chapman University
Downloads 190 (263,477)

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Insolvency procedures, Bankruptcy, Capital structure, Shareholder concentration, Firm performance, Asian crisis

15.

International Comparisons of Bank Regulation, Liberalization, and Banking Crises

Journal of Financial Economic Policy, Forthcoming
Number of pages: 26 Posted: 02 Aug 2011 Last Revised: 10 Dec 2012
Puspa Delima Amri, Puspa Delima Amri, Apanard Penny Prabha and Clas Wihlborg
Claremont Colleges - Claremont Graduate UniversityDepartment of Economics Ithaca College, University of Illinois at Springfield and Chapman University
Downloads 185 (269,923)
Citation 1

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banking crisis definition, domestic and external financial liberalization, credit growth, measures of bank regulation

16.

Financial Synergies and the Organization of Bank Affiliates: A Theoretical Perspective on Risk and Efficiency

ICER Working Paper No. 6/2013
Number of pages: 51 Posted: 15 May 2013 Last Revised: 20 Jan 2015
Elisa Luciano and Clas Wihlborg
University of Turin - Department of Statistics and Applied Mathematics and Chapman University
Downloads 170 (290,489)
Citation 7

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bank organization, bank risk, financial synergies, endogenous leverage in banking, default costs, bailouts

17.

Too Big to Fail: Measures, Remedies, and Consequences for Efficiency and Stability

Number of pages: 75 Posted: 21 Sep 2016
James R. Barth and Clas Wihlborg
Auburn University and Chapman University
Downloads 158 (310,596)
Citation 2

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18.

The CFO’s Information Challenge in Managing Macroeconomic Risk

IFN Working Paper No. 847
Number of pages: 25 Posted: 24 Aug 2010 Last Revised: 30 Jul 2023
Lars Oxelheim, Clas Wihlborg and Marcus Thorsheim
Research Institute of Industrial Economics (IFN), Chapman University and Lund University - Lund Institute of Economic Research
Downloads 155 (313,994)

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Risk Management Strategy, Macroeconomic Risk, Integrated Risk Management, Chief Financial Officer, Information Needs, Corporate Strategy, Financial Risk, Real Options

19.

Market Discipline for Financial Institutions and Markets for Information

Number of pages: 52 Posted: 16 Jul 2011
Apanard Penny Prabha, Clas Wihlborg and Thomas D. Willett
University of Illinois at Springfield, Chapman University and Independent
Downloads 137 (346,765)
Citation 1

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20.

Implicit Guarantees, Business Models and Banks’ Risk-Taking Through the Crisis: Global and European Perspectives

Journal of Economics and Business, Forthcoming
Number of pages: 44 Posted: 18 Jan 2014
Apanard Penny Prabha and Clas Wihlborg
University of Illinois at Springfield and Chapman University
Downloads 121 (380,866)

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Implicit Guarantee, Financial Crisis, Globally Systemically Important Banks, Too-Big-To-Fail, Interbank Liabilities, Subordinated Debt, Market Discipline, Regulation and Supervision

21.

Developing Distress Resolution Procedures for Financial Institution

SUERF Studies, Autumn 2012
Number of pages: 55 Posted: 22 May 2012 Last Revised: 18 Jul 2012
Clas Wihlborg
Chapman University
Downloads 108 (413,388)

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Bank insolvency, crisis resolution, contagion

22.

Exchange Rate and Macroeconomic Fluctuations as Sources of Luck in CEO Compensation

Midwest Finance Association 2012 Annual Meetings Paper
Number of pages: 46 Posted: 18 Sep 2011
Clas Wihlborg, Hsin-Hui Chiu, Lars Oxelheim and Jianhua Zhang
Chapman University, California State University, Northridge, Research Institute of Industrial Economics (IFN) and University of Gothenburg - School of Business, Economics and Law
Downloads 78 (509,225)

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CEO Compensation, Exchange Rates, Performance, Macroeconomic Factors, Luck

23.

Asymmetry of CEO Compensation and the Role of Relative and Macroeconomic Shocks in Risk Taking Incentives

Number of pages: 49 Posted: 07 Oct 2015
Hsin-Hui Chiu, Lars Oxelheim, Clas Wihlborg and Jianhua Zhang
California State University, Northridge, Research Institute of Industrial Economics (IFN), Chapman University and University of Gothenburg - School of Business, Economics and Law
Downloads 73 (528,781)

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Macroeconomic Fluctuations, Luck, Performance, CEO Compensation, Asymmetry, Risk Incentives

24.

Soft Information Production and Investment in Specific Assets

Number of pages: 39 Posted: 18 Nov 2018
Shubhashis Gangopadhyay, Radhika Lunawat and Clas Wihlborg
India Development Foundation, University of California, Irvine - Accounting Area and Chapman University
Downloads 51 (631,602)

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Soft Information, Information Quality, Investment in Specific Asset, Project Termination, Revoking Debt Contract

25.

The Impact of Monetary Regimes on International Trade: Are EU Experiences Relevant for Asia?

Review of Market Integration, Forthcoming
Number of pages: 35 Posted: 04 Dec 2009
Clas Wihlborg and Apanard Penny Prabha
Chapman University and University of Illinois at Springfield
Downloads 49 (642,630)

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Exports, Monetary Regimes, Exchange Rate Regimes, European Monetary Union

26.

Macroeconomic Fluctuations as Sources of Luck in CEO Compensation

23rd Australasian Finance and Banking Conference 2010 Paper
Number of pages: 29 Posted: 24 Aug 2010 Last Revised: 13 Nov 2013
Hsin-Hui Chiu, Lars Oxelheim, Clas Wihlborg and Jianhua Zhang
California State University, Northridge, Research Institute of Industrial Economics (IFN), Chapman University and University of Gothenburg - School of Business, Economics and Law
Downloads 44 (671,543)

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Macroeconomic, Luck, Performance, CEO Compensation

27.

Institutional Competition as an Alternative Mechanism for Harmonization in Monetary and Banking Unions

Number of pages: 41 Posted: 22 Nov 2014
sarkis Khoury and Clas Wihlborg
Independent and Chapman University
Downloads 26 (799,179)

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Institutional Competition, Harmonization, Monetary Union, Banking Union

28.

Cross-Border Banking in Subsidiaries and Branches; Organization, Supervision and Resolution

ENCYCLOPEDIA OF FINANCIAL GLOBALIZATION, Gerard Caprio, ed., Elsevier, 2012
Posted: 29 Jul 2011
Apanard Penny Prabha and Clas Wihlborg
University of Illinois at Springfield and Chapman University

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29.

Insider Trading with Costly Information Acquisition

Revision of study 1992:11
Posted: 03 Jul 1998
Lars Goren Larsson and Clas Wihlborg
Gothenburg University and Chapman University

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30.

Property Prices, Macroeconomic Policy and Finance in the United States

1994:11
Posted: 26 May 1998
Michael M. Hutchison and Clas Wihlborg
University of California, Santa Cruz - Department of Economics and Chapman University

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31.

Searching the Gains from a Monetary Union

Gothenburg University Working Paper 1996:3
Posted: 14 Apr 1997
Clas Wihlborg
Chapman University

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32.

Preconditions for Liberalization of Capital Flows: A Review and Interpretation

Gothenburg University WP 1996:4
Posted: 10 Apr 1997
Clas Wihlborg and Kalman Dezseri
Chapman University and Institute for World Economics

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33.

Exchange Rate Regimes and International Trade

Gothenburg University WP 1996:2
Posted: 03 Apr 1997
Clas Wihlborg and Reuven Glick
Chapman University and Federal Reserve Bank of San Francisco - Center for Pacific Basin Monetary & Economic Studies

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34.

Capital Account Liberalization and Policy Incentives: An Endogenous Policy View

Gothenburg University WP 1996:5
Posted: 03 Apr 1997
Clas Wihlborg and Thomas D. Willet
Chapman University and Claremont Graduate School

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