Sudheer Chava

Georgia Institute of Technology - Scheller College of Business

Professor of FInance

800 West Peachtree St.

Atlanta, GA 30308

United States

http://www.prism.gatech.edu/~schava6/

SCHOLARLY PAPERS

32

DOWNLOADS
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Top 1,279

in Total Papers Downloads

20,452

CITATIONS
Rank 993

SSRN RANKINGS

Top 993

in Total Papers Citations

547

Scholarly Papers (32)

1.

Bankruptcy Prediction With Industry Effects

Number of pages: 49 Posted: 20 Oct 2001
Sudheer Chava and Robert A. Jarrow
Georgia Institute of Technology - Scheller College of Business and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 3,703 (2,280)
Citation 111

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Bankruptcy Prediction, Hazard Models, Industry Effects, Reduced Form Credit Risk Models

2.

How Does Financing Impact Investment? The Role of Debt Covenants

AFA 2007 Chicago Meetings Paper
Number of pages: 61 Posted: 26 Nov 2005
Sudheer Chava and Michael R. Roberts
Georgia Institute of Technology - Scheller College of Business and The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER)
Downloads 2,261 (5,322)
Citation 165

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Investment, Covenant, Debt, Contracts, Renegotiation, Default, Control Rights

The Effect of Banking Crisis on Bank-Dependent Borrowers

EFA 2006 Zurich Meetings
Number of pages: 52 Posted: 16 Oct 2005 Last Revised: 26 Oct 2015
Sudheer Chava and Amiyatosh K. Purnanandam
Georgia Institute of Technology - Scheller College of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 1,448 (10,961)
Citation 55

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Banking Crisis, Russian Default, Bank loans

The Effect of Banking Crisis on Bank-Dependent Borrowers

FDIC Working Paper No. 2010-09
Number of pages: 55 Posted: 09 Jan 2012
Sudheer Chava and Amiyatosh K. Purnanandam
Georgia Institute of Technology - Scheller College of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 133 (201,292)
Citation 54

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Banking Crisis, Russian Default, Bank Loans, Credit Crunch

4.

CEOs vs. CFOs: Incentives and Corporate Policies

Number of pages: 46 Posted: 19 Mar 2008 Last Revised: 26 Oct 2015
Sudheer Chava and Amiyatosh K. Purnanandam
Georgia Institute of Technology - Scheller College of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 1,114 (16,905)
Citation 29

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Capital Structure, Cash, Debt Maturity, Accrual, Incentives

5.
Downloads 1,054 ( 18,311)
Citation 47

Managerial Moral Hazard and Bond Covenants

Number of pages: 57 Posted: 01 Nov 2004
Sudheer Chava, Praveen Kumar and Arthur Warga
Georgia Institute of Technology - Scheller College of Business, University of Houston - Department of Finance and University of Houston - Department of Finance
Downloads 606 (39,359)
Citation 47

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Corporate bonds, bond covenants, costly contracting hypothesis, agency costs

Managerial Moral Hazard and Bond Covenants

Number of pages: 57 Posted: 29 May 2007
Sudheer Chava, Praveen Kumar and Arthur Warga
Georgia Institute of Technology - Scheller College of Business, University of Houston - Department of Finance and University of Houston - Department of Finance
Downloads 448 (58,053)
Citation 42

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Managerial entrenchment, Fraud, Bond covenants, Contracting efficiency

6.
Downloads 1,037 ( 18,759)
Citation 51

Do Shareholder Rights Affect the Cost of Bank Loans?

EFA 2004 Maastricht Meetings Paper No. 5061
Number of pages: 51 Posted: 03 Aug 2004 Last Revised: 26 Oct 2015
Georgia Institute of Technology - Scheller College of Business, University of California, Berkeley and University of Michigan, Stephen M. Ross School of Business
Downloads 1,037 (18,406)
Citation 51

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Corporate governance, shareholder rights, investor protection, hostile takeovers, bank loans, loan spreads

Do Shareholder Rights Affect the Cost of Bank Loans?

The Review of Financial Studies, Vol. 22, Issue 8, pp. 2973-3004, 2009
Posted: 05 Aug 2009
Georgia Institute of Technology - Scheller College of Business, University of California, Berkeley and University of Michigan, Stephen M. Ross School of Business

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G21, G32, G34

7.

Are Credit Ratings Still Relevant?

EFA 2012, Copenhagen, 15-18 August 2012, WFA 2013 Tahoe, NV, June 17-20, 2013
Number of pages: 82 Posted: 19 Mar 2012 Last Revised: 30 Apr 2018
Sudheer Chava, Rohan Ganduri and Chayawat Ornthanalai
Georgia Institute of Technology - Scheller College of Business, Emory University and University of Toronto - Rotman School of Management
Downloads 895 (23,347)
Citation 4

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Credit ratings; Credit default swaps; Financial regulation

8.

Environmental Externalities and Cost of Capital

Number of pages: 63 Posted: 17 Sep 2010 Last Revised: 18 Jun 2014
Sudheer Chava
Georgia Institute of Technology - Scheller College of Business
Downloads 795 (27,702)
Citation 5

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Environmental Externalities, Cost of Capital, Bank Loans, Environmentally Sensitive Lending, Socially Responsible Investing

9.
Downloads 769 ( 28,951)
Citation 44

Is Default Risk Negatively Related to Stock Returns?

Number of pages: 46 Posted: 01 Aug 2007 Last Revised: 26 Oct 2015
Sudheer Chava and Amiyatosh K. Purnanandam
Georgia Institute of Technology - Scheller College of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 769 (28,495)
Citation 44

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Default risk, bankruptcy, expected return, realized return, implied cost of capital

Is Default Risk Negatively Related to Stock Returns?

The Review of Financial Studies, Vol. 23, Issue 6, pp. 2523-2559, 2010
Posted: 17 May 2010
Sudheer Chava and Amiyatosh K. Purnanandam
Georgia Institute of Technology - Scheller College of Business and University of Michigan, Stephen M. Ross School of Business

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G11, G12, G13, G14, G33

10.

Determinants of the Floating-to-Fixed Rate Debt Structure of Firms

EFA 2006 Zurich Meetings
Number of pages: 47 Posted: 28 Feb 2005
Sudheer Chava and Amiyatosh K. Purnanandam
Georgia Institute of Technology - Scheller College of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 737 (30,712)
Citation 10

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Hedging, floating rate debt, corporate governance, executive compensation

11.

Related Securities and Equity Market Quality: The Case of CDS

Number of pages: 62 Posted: 15 Aug 2010 Last Revised: 26 Oct 2015
Ekkehart Boehmer, Sudheer Chava and Heather Tookes
Singapore Management University - Lee Kong Chian School of Business, Georgia Institute of Technology - Scheller College of Business and Yale University - Yale School of Management
Downloads 649 (36,479)
Citation 3

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12.

Covenants, Creditors’ Simultaneous Equity Holdings, and Firm Investment Policies

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 52 Posted: 27 Dec 2013 Last Revised: 16 Jul 2018
Sudheer Chava, Rui Wang (Erik) and Hong Zou
Georgia Institute of Technology - Scheller College of Business, Lingnan University and The University of Hong Kong Faculty of Business and Economics
Downloads 607 (39,838)

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Dual ownership; Loan covenant; Capital expenditure; Waiver; Difference-in-differences; Regression discontinuity

13.

Implication of Securities Class Actions for Cost of Equity Capital and Shareholder Wealth

International Journal of Law and Management, 52 (2), 144-16, 2008
Number of pages: 47 Posted: 11 Sep 2006 Last Revised: 23 Aug 2017
Georgia Institute of Technology - Scheller College of Business, Hong Kong Polytechnic University - School of Accounting and Finance, Yeshiva University - Sy Syms School of Business and University of Houston - C.T. Bauer College of Business
Downloads 560 (44,282)

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cost of equity capital, securiteis class action

14.

Credit Conditions and Stock Return Predictability

Number of pages: 53 Posted: 19 Mar 2010 Last Revised: 26 Oct 2015
Sudheer Chava, Michael F. Gallmeyer and Heungju Park
Georgia Institute of Technology - Scheller College of Business, University of Virginia (UVA) - McIntire School of Commerce and Peking University - HSBC School of Business
Downloads 516 (49,133)

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Stock predictability, credit supply, macroeconomics, survey data

15.

Lending to Innovative Firms

Number of pages: 61 Posted: 20 Sep 2013 Last Revised: 23 Nov 2016
Sudheer Chava, Vikram K. Nanda and Steven Chong Xiao
Georgia Institute of Technology - Scheller College of Business, University of Texas at Dallas - School of Management - Department of Finance & Managerial Economics and University of Texas at Dallas - Naveen Jindal School of Management
Downloads 472 (55,020)

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Bank financing, Innovation, Patents, Citations

16.

The Dynamics of Borrower Reputation Following Financial Misreporting

Management Science, Forthcoming
Number of pages: 42 Posted: 29 Feb 2012 Last Revised: 10 Nov 2016
Sudheer Chava, Kershen Huang and Shane A. Johnson
Georgia Institute of Technology - Scheller College of Business, Nova Southeastern University - H. Wayne Huizenga School of Business & Entrepreneurship and Texas A&M University - Department of Finance
Downloads 385 (70,365)
Citation 1

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Reputation, cost of debt, bank loans, financial restatements, fraud

17.

Hyperbole or Reality? Investor Response to Extreme Language in Earnings Conference Calls

Georgia Tech Scheller College of Business Research Paper No. 17-21, University of Miami Business School Research Paper No. 18-6
Number of pages: 57 Posted: 19 May 2016 Last Revised: 10 Oct 2018
Khrystyna Bochkay, Sudheer Chava and Jeffrey Hales
University of Miami - School of Business Administration, Georgia Institute of Technology - Scheller College of Business and Georgia Institute of Technology - Scheller College of Business
Downloads 376 (72,352)

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Extreme Language; Tone; Market Reactions; Analyst Revisions; Future Performance; Earnings Conference Calls

18.

Shareholder Bargaining Power, Debt Overhang, and Investment

Number of pages: 73 Posted: 07 May 2012 Last Revised: 27 Jun 2016
Emmanuel Alanis, Sudheer Chava and Praveen Kumar
Texas State University, Georgia Institute of Technology - Scheller College of Business and University of Houston - Department of Finance
Downloads 366 (74,667)
Citation 2

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Debt Overhang, Shareholder Bargaining Power, APR Violations

19.

Credit Default Swaps and Moral Hazard in Bank Lending

Georgia Tech Scheller College of Business Research Paper No. 2015-20
Number of pages: 64 Posted: 21 Dec 2014 Last Revised: 21 Nov 2015
University of Miami, Georgia Institute of Technology - Scheller College of Business and Emory University
Downloads 353 (77,875)
Citation 1

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Bank Loans, Moral Hazard, Covenant Violation, Empty Creditor Problem

Financial Constraints, Monetary Policy Shocks, and the Cross-Section of Equity Returns

Number of pages: 56 Posted: 23 Feb 2015 Last Revised: 26 Oct 2015
Sudheer Chava and Alex Hsu
Georgia Institute of Technology - Scheller College of Business and Georgia Institute of Technology - Scheller College of Business
Downloads 279 (100,740)

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Financial Constraint, Monetary Policy, Cash Flow News

Financial Constraints, Monetary Policy Shocks, and the Cross-Section of Equity Returns

Georgia Tech Scheller College of Business Research Paper No. 1
Number of pages: 57 Posted: 06 Nov 2015 Last Revised: 09 Nov 2015
Sudheer Chava and Alex Hsu
Georgia Institute of Technology - Scheller College of Business and Georgia Institute of Technology - Scheller College of Business
Downloads 43 (393,528)

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Financial Constraint, Monetary Policy, Cross-Section of Stock Returns

21.

Banking Deregulation and Innovation

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 28 Posted: 27 Feb 2013 Last Revised: 29 Oct 2015
Georgia Institute of Technology - Scheller College of Business, Georgia Institute of Technology - Strategic Management Area, Georgia State University and Indian School of Business (ISB), Hyderabad
Downloads 260 (108,964)
Citation 5

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banking, innovation, growth, young firms, private firms

22.

Dynamic Financial Covenant Thresholds

Number of pages: 49 Posted: 23 Jan 2012 Last Revised: 25 Jan 2018
Sudheer Chava, Shunlan Fang and Saumya Prabhat
Georgia Institute of Technology - Scheller College of Business, Kent State University and Indian School of Business (ISB), Hyderabad
Downloads 244 (116,349)

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Loan contract design, signaling, adverse selection, covenant thresholds, covenant violations, creditor control

23.

December Doldrums, Investor Distraction, and Stock Market Reaction to Unscheduled News Events

Georgia Tech Scheller College of Business Research Paper No. 17-25, 30th Australasian Finance and Banking Conference 2017
Number of pages: 68 Posted: 20 Sep 2017 Last Revised: 04 Oct 2018
Sudheer Chava and Nikhil Paradkar
Georgia Institute of Technology - Scheller College of Business and Georgia Institute of Technology - Scheller College of Business
Downloads 212 (133,615)

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Investor inattention, unscheduled events, credit ratings, 8-K filings

24.

Modeling Expected Loss with Unobservable Heterogeneity

Number of pages: 52 Posted: 20 Mar 2006
Georgia Institute of Technology - Scheller College of Business, ESMT European School of Management and Technology and University of Houston - C.T. Bauer College of Business
Downloads 197 (143,179)
Citation 4

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Default, Bankruptcy, Recovery Rate, Frailty, Unobservable Heterogeneity

25.

Banking Deregulation, Bargaining Power and Innovation

Number of pages: 46 Posted: 17 Jul 2012 Last Revised: 29 Oct 2015
Georgia Institute of Technology - Scheller College of Business, Georgia Institute of Technology - Strategic Management Area, Georgia State University and Indian School of Business (ISB), Hyderabad
Downloads 166 (167,058)
Citation 4

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Innovation, Bargaining Power, Banking Deregulation, Explorative vs Exploitative Innovation

26.

The Impact of Right-to-Work Laws on Worker Wages: Evidence from Collective Bargaining Agreements

Georgia Tech Scheller College of Business Research Paper No. 18-1
Number of pages: 70 Posted: 20 Dec 2017 Last Revised: 01 Oct 2018
Sudheer Chava, Andras Danis and Alex Hsu
Georgia Institute of Technology - Scheller College of Business, Georgia Institute of Technology - Scheller College of Business and Georgia Institute of Technology - Scheller College of Business
Downloads 154 (178,142)

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Right to Work, Collective Bargaining, Unions, Wage Growth, Workers

27.

Cognitive Reference Points, the Left-Digit Effect, and Clustering in Housing Markets

Georgia Tech Scheller College of Business Research Paper No. 17-22, 8th Miami Behavioral Finance Conference 2017
Number of pages: 45 Posted: 09 May 2017 Last Revised: 19 Apr 2018
Sudheer Chava and Vincent W. Yao
Georgia Institute of Technology - Scheller College of Business and Georgia State University - J. Mack Robinson College of Business
Downloads 153 (179,096)

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Left-digit effects, Real estate, Financial sophistication

28.

Do Bond Investors Price Tail Risk Exposures of Financial Institutions?

Number of pages: 58 Posted: 30 Mar 2014 Last Revised: 26 Oct 2015
Sudheer Chava, Rohan Ganduri and Vijay Yerramilli
Georgia Institute of Technology - Scheller College of Business, Emory University and University of Houston, C. T. Bauer College of Business
Downloads 141 (191,489)

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Financial Institutions, Moral Hazard, Market discipline, Implicit Guarantee, TBTF, Too-big-to-fail, Bailout, Tail risk

29.

The Dark Side of Technological Progress? Impact of E-Commerce on Employees at Brick-and-Mortar Retailers

Georgia Tech Scheller College of Business Research Paper No. 18-23
Number of pages: 59 Posted: 20 Jun 2018 Last Revised: 02 Aug 2018
Georgia Institute of Technology - Scheller College of Business, Georgia Institute of Technology, Georgia Institute of Technology and Georgia Institute of Technology - Scheller College of Business
Downloads 139 (193,699)

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Technology, Labour Market, E-commerce, Retail, Product Market

30.

Does History Repeat Itself? Business Cycle and Industry Returns

Georgia Tech Scheller College of Business Research Paper No. 17-24
Number of pages: 59 Posted: 04 Jul 2016 Last Revised: 06 Sep 2018
Sudheer Chava, Alex Hsu and Linghang Zeng
Georgia Institute of Technology - Scheller College of Business, Georgia Institute of Technology - Scheller College of Business and Georgia Institute of Technology - Scheller College of Business
Downloads 132 (201,866)

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Business Cycle, Industry Returns, Sector Rotation Strategy, Cash Flow News

31.

Winners and Losers of Marketplace Lending: Evidence from Borrower Credit Dynamics

Georgia Tech Scheller College of Business Research Paper No. 18-16
Number of pages: 71 Posted: 25 May 2018 Last Revised: 04 Oct 2018
Sudheer Chava and Nikhil Paradkar
Georgia Institute of Technology - Scheller College of Business and Georgia Institute of Technology - Scheller College of Business
Downloads 102 (244,137)

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FinTech, Marketplace Lending, Consumer Credit, Credit Cards, Defaults

32.

Managerial Agency and Bond Covenants

Review of Financial Studies, Forthcoming
Posted: 09 Mar 2009
Sudheer Chava, Praveen Kumar and Arthur Warga
Georgia Institute of Technology - Scheller College of Business, University of Houston - Department of Finance and University of Houston - Department of Finance

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Managerial entrenchment, Fraud, Bond covenants, Contracting efficiency