Thomas Ruchti

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

717 14th Street, NW

Washington DC, DC 20005

United States

SCHOLARLY PAPERS

22

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9,034

SSRN CITATIONS
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Top 16,543

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32

CROSSREF CITATIONS

34

Scholarly Papers (22)

1.

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
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 1,038 (30,503)
Citation 17

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

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
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 984 (32,895)
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 770 (46,095)
Citation 13

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effective tax rates, peer effects, taxes

4.

Bias and the Efficacy of Stress Test Disclosures

Number of pages: 52 Posted: 03 Jul 2015 Last Revised: 30 Mar 2020
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 732 (49,347)
Citation 10

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regulatory disclosure, stress tests, CCAR, financial institutions

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
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 605 (63,139)
Citation 10

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earnings management, managerial myopia, structural estimation, financial reporting

6.

Short-Termism Spillovers from the Financial Industry

Number of pages: 63 Posted: 26 Oct 2016 Last Revised: 05 Jul 2019
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 587 (65,615)
Citation 2

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

7.

Information, Financing, and Investment

Number of pages: 58 Posted: 12 Jan 2018 Last Revised: 09 Jul 2020
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 424 (97,408)
Citation 1

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capital markets regulation, capital allocation, financing, investment

8.

Payment Timeliness and Firm Performance

Number of pages: 41 Posted: 23 Dec 2018 Last Revised: 03 Jul 2022
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 395 (105,673)
Citation 1

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

9.

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
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 377 (111,430)
Citation 4

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

10.

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, 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 376 (111,759)
Citation 3

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external governance, investment, internal capital markets

11.

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
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 350 (121,042)
Citation 1

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

12.

Lender Forbearance

Number of pages: 46 Posted: 30 Jun 2017
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 348 (121,773)
Citation 4

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

13.

Are Short Selling Restrictions Effective?

Number of pages: 70 Posted: 19 Mar 2019 Last Revised: 08 Sep 2020
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 328 (129,844)
Citation 4

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

14.

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 323 (131,939)
Citation 1

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

15.

Real Effects of Information Frictions Within Regulators: Evidence from Workplace Safety Violations

Number of pages: 65 Posted: 28 Apr 2021 Last Revised: 03 Mar 2022
Aneesh Raghunandan and Thomas Ruchti
London School of Economics and Government of the United States of America - Office of Financial Research
Downloads 277 (155,205)

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

16.

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 276 (155,205)

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

17.

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 270 (158,755)

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

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 206 (205,839)

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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 183 (228,643)

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managerial discretion, matching, value relevance, financial reporting

20.

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 127 (307,084)
Citation 1

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microstructure, invariance, speculative arbitrage, trade time, volatility

21.

Do Trade Creditors Possess Private Information? Stock Returns Evidence

NBER Working Paper No. w25553
Number of pages: 42 Posted: 19 Feb 2019 Last Revised: 03 Jul 2022
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 58 (490,942)

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22.

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