Thomas Ruchti

Government of the United States of America - Office of Financial Research

717 14th Street, NW

Washington DC, DC 20005

United States

  • Government of the United States of America - Office of Financial Research

SCHOLARLY PAPERS

26

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91

CROSSREF CITATIONS

32

Scholarly Papers (26)

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1.

How do Firms Respond to Political Uncertainty? Evidence from U.S. Gubernatorial Elections

Number of pages: 53 Posted: 16 Jun 2017 Last Revised: 21 Mar 2023
Andrew Bird, Stephen A. Karolyi and Thomas Ruchti
Chapman University - The George L. Argyros School of Business & Economics, Office of the Comptroller of the Currency and Government of the United States of America - Office of Financial Research
Downloads 1,300 (26,319)
Citation 21

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political uncertainty, real activity, voluntary disclosure

2.

First Impression Bias: Evidence from Analyst Forecasts

Review of Finance, Forthcoming
Number of pages: 56 Posted: 23 Apr 2019 Last Revised: 26 May 2020
David A. Hirshleifer, Ben Lourie, Thomas Ruchti and Phong Truong
Marshall School of Business, USC, University of California, Irvine, Government of the United States of America - Office of Financial Research and Pennsylvania State University
Downloads 1,124 (32,610)
Citation 2

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First Impressions, Equity Analysts, Behavioral Finance

3.

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
Chapman University - The George L. Argyros School of Business & Economics, University of Toronto - Rotman School of Management and Government of the United States of America - Office of Financial Research
Downloads 880 (45,876)
Citation 22

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effective tax rates, peer effects, taxes

4.

Supervisory Sentiment: Evidence from Stress Test Disclosures

Number of pages: 57 Posted: 03 Jul 2015 Last Revised: 09 Mar 2023
Andrew Bird, Stephen A. Karolyi and Thomas Ruchti
Chapman University - The George L. Argyros School of Business & Economics, Office of the Comptroller of the Currency and Government of the United States of America - Office of Financial Research
Downloads 804 (51,941)
Citation 9

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regulatory disclosure, stress tests, CCAR, financial institutions

5.

Short-Termism Spillovers from the Financial Industry

Number of pages: 63 Posted: 26 Oct 2016 Last Revised: 05 Jul 2019
Andrew Bird, Aytekin Ertan, Stephen A. Karolyi and Thomas Ruchti
Chapman University - The George L. Argyros School of Business & Economics, London Business School, Office of the Comptroller of the Currency and Government of the United States of America - Office of Financial Research
Downloads 657 (67,831)
Citation 2

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

6.

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
Chapman University - The George L. Argyros School of Business & Economics, Office of the Comptroller of the Currency and Government of the United States of America - Office of Financial Research
Downloads 634 (71,009)
Citation 10

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earnings management, managerial myopia, structural estimation, financial reporting

7.

The Impact of Information Frictions Within Regulators: Evidence from Workplace Safety Violations

Number of pages: 67 Posted: 28 Apr 2021 Last Revised: 25 Apr 2023
Aneesh Raghunandan and Thomas Ruchti
London School of Economics and Government of the United States of America - Office of Financial Research
Downloads 523 (90,226)

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OSHA, information frictions, workplace misconduct, decentralization, regulatory information

8.

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

The Review of Asset Pricing Studies 11 (2), 269-308
Number of pages: 57 Posted: 26 Feb 2019 Last Revised: 12 Jul 2021
Yashar H. Barardehi, Dan Bernhardt, Thomas Ruchti and Marc Weidenmier
Chapman University - The George L. Argyros School of Business & Economics, University of Illinois at Urbana-Champaign - Department of Economics, Government of the United States of America - Office of Financial Research and Claremont McKenna College - Robert Day School of Economics and Finance
Downloads 479 (100,498)
Citation 9

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

9.

Payment Timeliness and Firm Performance

Number of pages: 41 Posted: 23 Dec 2018 Last Revised: 03 Jul 2022
David A. Hirshleifer, Yifan Li, Ben Lourie and Thomas Ruchti
Marshall School of Business, USC, San Francisco State University, University of California, Irvine and Government of the United States of America - Office of Financial Research
Downloads 475 (101,501)
Citation 1

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

10.

Information, Financing, and Investment

Number of pages: 58 Posted: 12 Jan 2018 Last Revised: 09 Jul 2020
Andrew Bird, Aytekin Ertan, Stephen A. Karolyi and Thomas Ruchti
Chapman University - The George L. Argyros School of Business & Economics, London Business School, Office of the Comptroller of the Currency and Government of the United States of America - Office of Financial Research
Downloads 470 (102,712)
Citation 1

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capital markets regulation, capital allocation, financing, investment

11.

Are Short Selling Restrictions Effective?

Number of pages: 64 Posted: 19 Mar 2019 Last Revised: 02 Feb 2023
Yashar H. Barardehi, Andrew Bird, Stephen A. Karolyi and Thomas Ruchti
Chapman University - The George L. Argyros School of Business & Economics, Chapman University - The George L. Argyros School of Business & Economics, Office of the Comptroller of the Currency and Government of the United States of America - Office of Financial Research
Downloads 444 (109,816)
Citation 3

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

12.

More is Less: Publicizing Information and Market Feedback

Review of Finance, Forthcoming
Number of pages: 51 Posted: 05 Aug 2020 Last Revised: 23 Oct 2021
Andrew Bird, Stephen A. Karolyi, Thomas Ruchti and Phong Truong
Chapman University - The George L. Argyros School of Business & Economics, Office of the Comptroller of the Currency, Government of the United States of America - Office of Financial Research and Pennsylvania State University
Downloads 406 (121,955)
Citation 1

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EDGAR, real effects of financial markets, price efficiency, price informativeness, information acquisition, SEC regulation, information technology

13.

External Governance and Internal Resource Allocation

Number of pages: 45 Posted: 27 Feb 2017 Last Revised: 05 Jul 2019
James F. Albertus, Andrew Bird, Stephen A. Karolyi and Thomas Ruchti
Carnegie Mellon University - David A. Tepper School of Business, Chapman University - The George L. Argyros School of Business & Economics, Office of the Comptroller of the Currency and Government of the United States of America - Office of Financial Research
Downloads 398 (124,766)
Citation 3

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external governance, investment, internal capital markets

14.

Lender Forbearance

Number of pages: 46 Posted: 30 Jun 2017
Andrew Bird, Aytekin Ertan, Stephen A. Karolyi and Thomas Ruchti
Chapman University - The George L. Argyros School of Business & Economics, London Business School, Office of the Comptroller of the Currency and Government of the United States of America - Office of Financial Research
Downloads 397 (125,127)
Citation 4

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

15.

Regulating Information

Number of pages: 50 Posted: 19 Oct 2016 Last Revised: 11 Nov 2017
Andrew Bird, Stephen A. Karolyi and Thomas Ruchti
Chapman University - The George L. Argyros School of Business & Economics, Office of the Comptroller of the Currency and Government of the United States of America - Office of Financial Research
Downloads 333 (151,881)
Citation 1

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

16.

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
Chapman University - The George L. Argyros School of Business & Economics, Office of the Comptroller of the Currency and Government of the United States of America - Office of Financial Research
Downloads 304 (167,303)

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

17.

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
Chapman University - The George L. Argyros School of Business & Economics, Office of the Comptroller of the Currency and Government of the United States of America - Office of Financial Research
Downloads 298 (170,833)

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

18.

Market Power and the Profitability of Limit-Order Trading

Number of pages: 61 Posted: 19 Apr 2015 Last Revised: 17 Mar 2019
Thomas Ruchti
Government of the United States of America - Office of Financial Research
Downloads 226 (225,182)

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

19.

Managerial Discretion, Matching, and the Market

Number of pages: 51 Posted: 17 Dec 2015 Last Revised: 05 Jul 2019
Andrew Bird and Thomas Ruchti
Chapman University - The George L. Argyros School of Business & Economics and Government of the United States of America - Office of Financial Research
Downloads 203 (248,755)

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managerial discretion, matching, value relevance, financial reporting

20.

Does Context Matter for Information Transfer?

Number of pages: 45 Posted: 20 Mar 2023
Andrew Bird, Stephen A. Karolyi, Thomas Ruchti and Phong Truong
Chapman University - The George L. Argyros School of Business & Economics, Office of the Comptroller of the Currency, Government of the United States of America - Office of Financial Research and Pennsylvania State University
Downloads 174 (288,194)

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context, information processing, EDGAR, market efficiency

21.

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 - The George L. Argyros School of Business & Economics, University of Illinois at Urbana-Champaign - Department of Economics and Government of the United States of America - Office of Financial Research
Downloads 146 (330,522)
Citation 1

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microstructure, invariance, speculative arbitrage, trade time, volatility

22.

The Value of Lending Relationships

Number of pages: 60 Posted: 07 Sep 2022 Last Revised: 09 Mar 2023
Andrew Bird, Michael G. Hertzel, Stephen A. Karolyi and Thomas Ruchti
Chapman University - The George L. Argyros School of Business & Economics, Arizona State University (ASU) - Finance Department, Office of the Comptroller of the Currency and Government of the United States of America - Office of Financial Research
Downloads 134 (353,566)
Citation 2

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syndicated lending, financial covenants, lending relationships, intangible capital

23.

Estimating the Cost of Control Rights in the Corporate Loan Market

Number of pages: 55 Posted: 07 Sep 2022
Andrew Bird, Stephen A. Karolyi and Thomas Ruchti
Chapman University - The George L. Argyros School of Business & Economics, Office of the Comptroller of the Currency and Government of the United States of America - Office of Financial Research
Downloads 102 (431,541)
Citation 1

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syndicated lending, financial covenants, control rights, loan pricing

24.

The Credit Channel of Fiscal Policy Transmission

Number of pages: 45 Posted: 06 Sep 2022 Last Revised: 30 Sep 2022
Andrew Bird, Stephen A. Karolyi, Stefan Lewellen and Thomas Ruchti
Chapman University - The George L. Argyros School of Business & Economics, Office of the Comptroller of the Currency, Pennsylvania State University - Department of Finance and Government of the United States of America - Office of Financial Research
Downloads 98 (443,465)

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fiscal policy, AJCA, tax, tax holidays, banking, financial intermediation

25.

Do Trade Creditors Possess Private Information? Stock Returns Evidence

NBER Working Paper No. w25553
Number of pages: 42 Posted: 19 Feb 2019 Last Revised: 28 Apr 2023
David A. Hirshleifer, Yifan Li, Ben Lourie and Thomas Ruchti
Marshall School of Business, USC, San Francisco State University, University of California, Irvine and Government of the United States of America - Office of Financial Research
Downloads 76 (518,295)

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26.

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
Chapman University - The George L. Argyros School of Business & Economics, Office of the Comptroller of the Currency and Government of the United States of America - Office of Financial Research

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