Thomas Ruchti

Carnegie Mellon University - David A. Tepper School of Business

Professor

5000 Forbes Avenue

Pittsburgh, PA 15213-3890

United States

SCHOLARLY PAPERS

21

DOWNLOADS
Rank 7,191

SSRN RANKINGS

Top 7,191

in Total Papers Downloads

6,188

SSRN CITATIONS
Rank 26,451

SSRN RANKINGS

Top 26,451

in Total Papers Citations

3

CROSSREF CITATIONS

22

Scholarly Papers (21)

1.

Taxes and Peer Effects

Rotman School of Management Working Paper No. 2714468
Number of pages: 49 Posted: 14 Jan 2016 Last Revised: 29 Oct 2017
Andrew Bird, Alexander Edwards and Thomas Ruchti
Carnegie Mellon University, University of Toronto - Rotman School of Management and Carnegie Mellon University - David A. Tepper School of Business
Downloads 609 (43,004)
Citation 1

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effective tax rates, peer effects, taxes

2.

Political Uncertainty and Corporate Transparency

Number of pages: 44 Posted: 16 Jun 2017 Last Revised: 08 Jul 2017
Andrew Bird, Stephen A. Karolyi and Thomas Ruchti
Carnegie Mellon University, Carnegie Mellon University - David A. Tepper School of Business and Carnegie Mellon University - David A. Tepper School of Business
Downloads 605 (43,411)
Citation 6

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Corporate Transparency, Political Uncertainty, Liquidity, Voluntary Disclosure, Earnings Forecasts

3.

Bias and the Efficacy of Stress Test Disclosures

Number of pages: 52 Posted: 03 Jul 2015 Last Revised: 05 Jul 2019
Carnegie Mellon University, Carnegie Mellon University - David A. Tepper School of Business, Carnegie Mellon University - David A. Tepper School of Business and Carnegie Mellon University - Tepper School of Business
Downloads 543 (49,840)
Citation 4

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regulatory disclosure, stress tests, CCAR, financial institutions

4.

That's What Friends are for: Audit Quality and Accounting Employee Affiliations with Audit Firms

Number of pages: 47 Posted: 14 Sep 2015 Last Revised: 08 Nov 2016
Andrew Bird, Nam Ho, Chan Li and Thomas Ruchti
Carnegie Mellon University, Brock University, University of Kansas and Carnegie Mellon University - David A. Tepper School of Business
Downloads 486 (57,426)
Citation 1

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Non-executive accounting employees, Auditor alumni affiliations, Audit quality

5.

Understanding the 'Numbers Game'

Journal of Accounting & Economics (JAE), Forthcoming
Number of pages: 61 Posted: 18 Mar 2016 Last Revised: 16 Jul 2019
Andrew Bird, Stephen A. Karolyi and Thomas Ruchti
Carnegie Mellon University, Carnegie Mellon University - David A. Tepper School of Business and Carnegie Mellon University - David A. Tepper School of Business
Downloads 474 (59,256)
Citation 4

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earnings management, managerial myopia, structural estimation, financial reporting

6.

First Impressions and Analyst Forecast Bias

Number of pages: 52 Posted: 23 Apr 2019
University of California, Irvine - Paul Merage School of Business, University of California, Irvine, Carnegie Mellon University - David A. Tepper School of Business and Pennsylvania State University
Downloads 455 (62,317)

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First Impressions, Equity Analysts, Behavioral Finance

7.

Short-Termism Spillovers from the Financial Industry

Number of pages: 63 Posted: 26 Oct 2016 Last Revised: 05 Jul 2019
Carnegie Mellon University, London Business School, Carnegie Mellon University - David A. Tepper School of Business and Carnegie Mellon University - David A. Tepper School of Business
Downloads 356 (83,278)
Citation 2

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lending, short-termism, covenants, monitoring, spillovers, real effects

8.

Allies in the Break Room: The Effect of Accounting Alumni on Auditor Choice and the Hiring Agenda

Number of pages: 56 Posted: 20 Oct 2015 Last Revised: 07 Nov 2017
Andrew Bird, Nam Ho and Thomas Ruchti
Carnegie Mellon University, Brock University and Carnegie Mellon University - David A. Tepper School of Business
Downloads 355 (83,526)
Citation 2

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Auditor choice, auditor retention, former employees, accounting alumni, affiliations, hiring

9.

External Governance and Internal Resource Allocation

Number of pages: 45 Posted: 27 Feb 2017 Last Revised: 05 Jul 2019
Carnegie Mellon University - David A. Tepper School of Business, Carnegie Mellon University, Carnegie Mellon University - David A. Tepper School of Business and Carnegie Mellon University - David A. Tepper School of Business
Downloads 289 (104,976)
Citation 3

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external governance, investment, internal capital markets

10.

The Real Effects of Accounting Standards

Number of pages: 53 Posted: 12 Jan 2018 Last Revised: 25 Aug 2019
Carnegie Mellon University, London Business School, Carnegie Mellon University - David A. Tepper School of Business and Carnegie Mellon University - David A. Tepper School of Business
Downloads 277 (109,799)

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information regulation, financial markets, debt contracting, corporate investment, internal sources of funds, payout policy

11.

Regulating Information

Number of pages: 50 Posted: 19 Oct 2016 Last Revised: 11 Nov 2017
Andrew Bird, Stephen A. Karolyi and Thomas Ruchti
Carnegie Mellon University, Carnegie Mellon University - David A. Tepper School of Business and Carnegie Mellon University - David A. Tepper School of Business
Downloads 270 (112,809)
Citation 1

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political economy of regulation, financial markets, asymmetric information, cost of capital, capital allocation

12.

Lender Forbearance

Number of pages: 46 Posted: 30 Jun 2017
Carnegie Mellon University, London Business School, Carnegie Mellon University - David A. Tepper School of Business and Carnegie Mellon University - David A. Tepper School of Business
Downloads 216 (141,191)
Citation 3

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contract enforcement, financial covenants, credit cycles, external financing, reputation, creditor coordination

13.

Do Lenders Have Favorite Auditors?

Number of pages: 45 Posted: 30 Jun 2017 Last Revised: 03 Jul 2019
Andrew Bird, Stephen A. Karolyi and Thomas Ruchti
Carnegie Mellon University, Carnegie Mellon University - David A. Tepper School of Business and Carnegie Mellon University - David A. Tepper School of Business
Downloads 202 (150,329)

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Enders, Auditor Choice, Financial Statement Verification, Contracting Efficiency, Matching

14.

Do Trade Creditors Possess Private Information? Evidence from Stock Returns

Number of pages: 49 Posted: 23 Dec 2018
University of California, Irvine - Paul Merage School of Business, San Francisco State University, University of California, Irvine and Carnegie Mellon University - David A. Tepper School of Business
Downloads 196 (154,690)

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trade credit, non-bank lending, customer-supplier relationships, stock returns, private information

15.

The Burden of Being Public: Evidence from Local Labor Markets

Number of pages: 65 Posted: 08 Aug 2017 Last Revised: 05 Jul 2019
Andrew Bird, Stephen A. Karolyi and Thomas Ruchti
Carnegie Mellon University, Carnegie Mellon University - David A. Tepper School of Business and Carnegie Mellon University - David A. Tepper School of Business
Downloads 195 (155,424)

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initial public offerings, labor demand, compliance costs, regulation, Sarbanes-Oxley Act, JOBS Act

16.

Market Power and the Profitability of Limit-Order Trading

Number of pages: 61 Posted: 19 Apr 2015 Last Revised: 17 Mar 2019
Thomas Ruchti
Carnegie Mellon University - David A. Tepper School of Business
Downloads 186 (162,237)

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imperfect competition, market microstructure, high frequency trading, limit order book

17.

Managerial Discretion, Matching, and the Market

Number of pages: 51 Posted: 17 Dec 2015 Last Revised: 05 Jul 2019
Andrew Bird and Thomas Ruchti
Carnegie Mellon University and Carnegie Mellon University - David A. Tepper School of Business
Downloads 158 (187,175)

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managerial discretion, matching, value relevance, financial reporting

18.

The Night and Day of Amihud's (2002) Liquidity Measure

Number of pages: 42 Posted: 26 Feb 2019 Last Revised: 24 May 2019
Chapman University - Argyros School of Business & Economics, University of Illinois at Urbana-Champaign - Department of Economics, Carnegie Mellon University - David A. Tepper School of Business and Claremont McKenna College - Robert Day School of Economics and Finance
Downloads 132 (216,761)

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Amihud (2002), Liquidity Premia, Overnight Returns, Non-synchronous Trading

19.

A Test of Speculative Arbitrage: Is the Cross-section of Volatility Invariant?

Number of pages: 38 Posted: 15 Jun 2017 Last Revised: 04 Jul 2019
Yashar H. Barardehi, Dan Bernhardt and Thomas Ruchti
Chapman University - Argyros School of Business & Economics, University of Illinois at Urbana-Champaign - Department of Economics and Carnegie Mellon University - David A. Tepper School of Business
Downloads 102 (261,530)
Citation 1

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microstructure, invariance, speculative arbitrage, trade time, volatility

20.

Are Short Selling Restrictions Effective?

Number of pages: 59 Posted: 19 Mar 2019 Last Revised: 11 May 2019
Chapman University - Argyros School of Business & Economics, Carnegie Mellon University, Carnegie Mellon University - David A. Tepper School of Business and Carnegie Mellon University - David A. Tepper School of Business
Downloads 82 (300,679)

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short selling, uptick rule, securities regulation, Rule 201, short selling restrictions

21.

Disclosure, Hold-up, and External Finance: Evidence from Private Firms

Posted: 26 Jul 2015 Last Revised: 19 Dec 2016
Andrew Bird, Stephen A. Karolyi and Thomas Ruchti
Carnegie Mellon University, Carnegie Mellon University - David A. Tepper School of Business and Carnegie Mellon University - David A. Tepper School of Business

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voluntary disclosure, initial public offering, hold-up, private firms, loans