Michael W. Faulkender

University of Maryland - Robert H. Smith School of Business

Assistant Professor of Finance

College Park, MD 20742-1815

United States

  • University of Maryland - Robert H. Smith School of Business

SCHOLARLY PAPERS

16

DOWNLOADS
Rank 2,921

SSRN RANKINGS

Top 2,921

in Total Papers Downloads

14,879

SSRN CITATIONS
Rank 947

SSRN RANKINGS

Top 947

in Total Papers Citations

452

CROSSREF CITATIONS

747

Scholarly Papers (16)

Actions:
Email selected abstracts
1.

Does Corporate Performance Determine Capital Structure and Dividend Policy?

Number of pages: 53 Posted: 22 Mar 2005
Michael W. Faulkender, Anjan V. Thakor and Todd T. Milbourn
University of Maryland - Robert H. Smith School of Business, Washington University, Saint Louis - John M. Olin School of Business and Washington University in Saint Louis - Olin Business School
Downloads 5,235 (1,795)
Citation 8

Abstract:

Loading...

Capital Structure, Dividend Policy, Disagreement

2.

Cash Flows and Leverage Adjustments

Journal of Financial Economics (JFE), March 2012, AFA 2008 New Orleans Meetings Paper
Number of pages: 40 Posted: 21 Mar 2007 Last Revised: 07 Nov 2013
Michael W. Faulkender, Mark J. Flannery, Kristine Watson Hankins and Jason M. Smith
University of Maryland - Robert H. Smith School of Business, University of Florida - Department of Finance, Insurance and Real Estate, University of Kentucky and Utah State University
Downloads 1,691 (12,105)
Citation 14

Abstract:

Loading...

Capital Structure, Corporate Finance

3.

Cash Holdings Among Small Businesses

Number of pages: 40 Posted: 02 Apr 2002
Michael W. Faulkender
University of Maryland - Robert H. Smith School of Business
Downloads 1,481 (14,928)
Citation 28

Abstract:

Loading...

Capital Structure, Cash Holdings, Information Asymmetry, Financial Distress

4.

Does the Source of Capital Affect Capital Structure?

Downloads 1,168 ( 21,441)
Citation 340

Does the Source of Capital Affect Capital Structure?

Number of pages: 52 Posted: 26 Feb 2003
Michael W. Faulkender and Mitchell A. Petersen
University of Maryland - Robert H. Smith School of Business and Northwestern University - Kellogg School of Management
Downloads 1,083 (23,536)
Citation 2

Abstract:

Loading...

Does the Source of Capital Affect Capital Structure?

NBER Working Paper No. w9930
Number of pages: 52 Posted: 04 Sep 2003 Last Revised: 19 Feb 2021
Michael W. Faulkender and Mitchell A. Petersen
University of Maryland - Robert H. Smith School of Business and Northwestern University - Kellogg School of Management
Downloads 85 (352,402)
Citation 64

Abstract:

Loading...

Does the Source of Capital Affect Capital Structure?

Review of Financial Studies, Vol. 19, No. 1, pp. 45-79, 2006
Posted: 29 Feb 2008
Michael W. Faulkender and Mitchell A. Petersen
University of Maryland - Robert H. Smith School of Business and Northwestern University - Kellogg School of Management

Abstract:

Loading...

fetus, heart rate, prenatal environment, prenatal drug exposure, cigarette smoking

5.

Inside the Black Box: The Role and Composition of Compensation Peer Groups

AFA 2008 New Orleans Meetings Paper
Number of pages: 36 Posted: 21 Mar 2007 Last Revised: 14 May 2014
Michael W. Faulkender and Jun Yang
University of Maryland - Robert H. Smith School of Business and Indiana University - Kelley School of Business - Department of Finance
Downloads 1,166 (21,503)
Citation 53

Abstract:

Loading...

Corproate Governance, Executive Compensation, Compensation Peer Groups

6.

Corporate Financial Policy and the Value of Cash

Number of pages: 38 Posted: 12 Jul 2004
Michael W. Faulkender and Rong Wang
University of Maryland - Robert H. Smith School of Business and Singapore Management University
Downloads 945 (29,178)
Citation 143

Abstract:

Loading...

Cash holdings, financial constraints, corporate finance

7.

Hedging or Market Timing? Selecting the Interest Rate Exposure of Corporate Debt

Number of pages: 54 Posted: 18 Dec 2001
Michael W. Faulkender
University of Maryland - Robert H. Smith School of Business
Downloads 926 (30,046)
Citation 40

Abstract:

Loading...

Hedging, Risk Management, Capital Structure, Market Timing

8.

Taxes and Leverage at Multinational Corporations

Western Finance Association, 2014, NBER Summer Institute, Corporate Finance Workshop, 2014, Robert H. Smith School Research Paper
Number of pages: 38 Posted: 12 Nov 2013 Last Revised: 17 Jul 2014
Michael W. Faulkender and Jason M. Smith
University of Maryland - Robert H. Smith School of Business and Utah State University
Downloads 622 (51,599)
Citation 19

Abstract:

Loading...

Capital Structure, Taxes

9.

Is Disclosure an Effective Cleansing Mechanism? The Dynamics of Compensation Peer Benchmarking

Downloads 590 ( 55,272)
Citation 11

Is Disclosure an Effective Cleansing Mechanism? The Dynamics of Compensation Peer Benchmarking

Number of pages: 50 Posted: 15 Mar 2011 Last Revised: 14 May 2014
Michael W. Faulkender and Jun Yang
University of Maryland - Robert H. Smith School of Business and Indiana University - Kelley School of Business - Department of Finance
Downloads 367 (97,136)
Citation 13

Abstract:

Loading...

Disclosure Regulation, Corporate Governance, Executive Compensation, Peer Groups, Benchmarking

Is Disclosure an Effective Cleansing Mechanism? The Dynamics of Compensation Peer Benchmarking

AFA 2013 San Diego Meetings Paper
Number of pages: 34 Posted: 18 Mar 2012 Last Revised: 14 May 2014
Michael W. Faulkender and Jun Yang
University of Maryland - Robert H. Smith School of Business and Indiana University - Kelley School of Business - Department of Finance
Downloads 223 (164,258)
Citation 1

Abstract:

Loading...

disclosure regulation, corporate governance, executive compensation, peer groups, benchmarking

10.

Why are Firms Using Interest Rate Swaps to Time the Yield Curve?

Number of pages: 47 Posted: 28 Jul 2005
Michael W. Faulkender and Sergey Chernenko
University of Maryland - Robert H. Smith School of Business and Purdue University - Department of Management
Downloads 401 (88,393)
Citation 5

Abstract:

Loading...

Interest Rate Swaps, Market Timing, Myopia, Speculation

11.

Investment and Capital Constraints: Repatriations Under the American Jobs Creation Act

Downloads 311 (117,570)
Citation 65

Investment and Capital Constraints: Repatriations Under the American Jobs Creation Act

Number of pages: 58 Posted: 23 Mar 2009 Last Revised: 02 Nov 2014
Mitchell A. Petersen and Michael W. Faulkender
Northwestern University - Kellogg School of Management and University of Maryland - Robert H. Smith School of Business
Downloads 277 (132,171)
Citation 2

Abstract:

Loading...

taxes, taxation, investment incentives, panel econmetrics

Investment and Capital Constraints: Repatriations Under the American Jobs Creation Act

NBER Working Paper No. w15248
Number of pages: 59 Posted: 18 Aug 2009 Last Revised: 01 Mar 2021
Michael W. Faulkender and Mitchell A. Petersen
University of Maryland - Robert H. Smith School of Business and Northwestern University - Kellogg School of Management
Downloads 34 (543,559)
Citation 19

Abstract:

Loading...

12.

The Market Reaction to the Strategic Use of Interest Rate Swaps

Number of pages: 38 Posted: 15 Sep 2006
Michael W. Faulkender, Nicole Thorne Jenkins and Chandra Seethamraju
University of Maryland - Robert H. Smith School of Business, University of Virginia - McIntire School of Commerce and Franklin Templeton Investments
Downloads 285 (128,952)
Citation 1

Abstract:

Loading...

Earnings Management, Interest Rate Swaps, Derivatives

13.

Understanding the Rise in Corporate Cash: Precautionary Savings or Foreign Taxes

NBER Working Paper No. w23799
Number of pages: 57 Posted: 11 Sep 2017
Michael W. Faulkender, Kristine Watson Hankins and Mitchell A. Petersen
University of Maryland - Robert H. Smith School of Business, University of Kentucky and Northwestern University - Kellogg School of Management
Downloads 34 (530,763)
Citation 9

Abstract:

Loading...

14.

The Job Preservation Effects of Paycheck Protection Program Loans

Number of pages: 43 Posted: 10 Mar 2021
Michael W. Faulkender, Robert Jackman and Stephen Miran
University of Maryland - Robert H. Smith School of Business, affiliation not provided to SSRN and affiliation not provided to SSRN
Downloads 21 (614,894)
Citation 1

Abstract:

Loading...

15.

Executive Compensation: An Overview of Research on Corporate Practices and Proposed Reforms

Journal of Applied Corporate Finance, Vol. 22, Issue 1, pp. 107-118, Winter 2010
Number of pages: 14 Posted: 31 Mar 2010
Michael W. Faulkender, Dalida Kadyrzhanova, N. Prabhala and Lemma W. Senbet
University of Maryland - Robert H. Smith School of Business, Board of Governors of the Federal Reserve System, affiliation not provided to SSRN and University of Maryland - Robert H. Smith School of Business
Downloads 3 (741,313)
Citation 8
  • Add to Cart

Abstract:

Loading...

16.

Walmart's Use of Interest Rate Swaps

HBS Case No. 108-038, Harvard Business School Accounting & Management Unit
Posted: 23 Nov 2009
Michael D. Kimbrough, Michael W. Faulkender, Nicole Thorne Jenkins and Rachel Gordon
University of Maryland - Robert H. Smith School of Business, University of Maryland - Robert H. Smith School of Business, University of Virginia - McIntire School of Commerce and Harvard University - Business School (HBS)

Abstract:

Loading...