Enrique J. Schroth

EDHEC Business School

Professor of Finance

393, Promenade Des Anglais

Nice, 06202

France

http://https://www.edhec.edu/en/faculty-and-researchers/schroth-enrique-phd

Centre for Economic Policy Research (CEPR)

London

United Kingdom

SCHOLARLY PAPERS

19

DOWNLOADS
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SSRN RANKINGS

Top 14,197

in Total Papers Downloads

4,995

SSRN CITATIONS
Rank 9,627

SSRN RANKINGS

Top 9,627

in Total Papers Citations

51

CROSSREF CITATIONS

79

Scholarly Papers (19)

1.

The Determinants of the Block Premium and of Private Benefits of Control

ECGI - Finance Working Paper No. 202/2008, Swiss Finance Institute Research Paper No. 08-21
Number of pages: 72 Posted: 04 Mar 2008 Last Revised: 18 Nov 2014
Rui A. Albuquerque and Enrique J. Schroth
Boston College, Carroll School of Management and EDHEC Business School
Downloads 608 (62,849)
Citation 4

Abstract:

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block pricing, block trades, control transactions, private benefits of control, market rule, mandatory bid rule, structural estimation

2.

Debt Enforcement, Investment, and Risk Taking Across Countries

Journal of Financial Economics (JFE), Forthcoming, Swiss Finance Institute Research Paper No. 13-64
Number of pages: 49 Posted: 10 Jan 2014 Last Revised: 15 Sep 2016
Giovanni Favara, Erwan Morellec, Enrique J. Schroth and Philip Valta
Board of Governors of the Federal Reserve System, Ecole Polytechnique Fédérale de Lausanne, EDHEC Business School and University of Bern
Downloads 560 (69,712)
Citation 11

Abstract:

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Debt renegotiation, Default; Investment , Asset sales, Risk-taking

3.

Understanding Cash Flow Risk

Swiss Finance Institute Research Paper No. 18-21
Number of pages: 90 Posted: 26 Jun 2017 Last Revised: 15 Jul 2021
Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE), USI Lugano - Institute of Finance, Ecole Polytechnique Fédérale de Lausanne, EDHEC Business School and University of Bern
Downloads 527 (75,221)
Citation 2

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cash flow risk, permanent and transitory shocks, liquidity management

4.
Downloads 479 ( 84,495)
Citation 4

The Value of Control and the Costs of Illiquidity

Journal of Finance vol. 70, 1405-1455, 2015, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 357/2012
Number of pages: 77 Posted: 04 Aug 2012 Last Revised: 26 Nov 2018
Rui A. Albuquerque and Enrique J. Schroth
Boston College, Carroll School of Management and EDHEC Business School
Downloads 474 (84,767)
Citation 4

Abstract:

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Control transactions, search frictions, marketability discount, illiquidity spillover, corporate governance

The Value of Control and the Costs of Illiquidity

CEPR Discussion Paper No. DP9090
Number of pages: 67 Posted: 28 Sep 2012
Rui A. Albuquerque and Enrique J. Schroth
Boston College, Carroll School of Management and EDHEC Business School
Downloads 5 (875,527)
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control discount, Control transactions, corporate governance, illiquidity spillover, marketability discount, search frictions

5.
Downloads 458 ( 89,169)
Citation 1

Value Creation in Shareholder Activism

European Corporate Governance Institute – Finance Working Paper No. 685/2020
Number of pages: 74 Posted: 07 Jul 2020 Last Revised: 16 Apr 2021
Rui A. Albuquerque, Vyacheslav Fos and Enrique J. Schroth
Boston College, Carroll School of Management, Boston College - Department of Finance and EDHEC Business School
Downloads 456 (88,819)
Citation 1

Abstract:

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Shareholder activism, Value creation, Passive investors, Stock picking, Schedule 13D, Schedule 13G, Structural estimation

Value Creation in Shareholder Activism: A Structural Approach

CEPR Discussion Paper No. DP14995
Number of pages: 86 Posted: 28 Jul 2020 Last Revised: 07 Sep 2020
Rui A. Albuquerque, Vyacheslav Fos and Enrique J. Schroth
Boston College, Carroll School of Management, Boston College - Department of Finance and EDHEC Business School
Downloads 2 (915,750)
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Passive investors, Shareholder activism, Stock picking, structural estimation, value creation

6.

Liquidity Provision in the Secondary Market for Private Equity Fund Stakes

Number of pages: 61 Posted: 06 Jun 2018 Last Revised: 20 Nov 2018
Boston College, Carroll School of Management, Harvard Business SchoolSwedish House of Finance, University of Oxford - Said Business School and EDHEC Business School
Downloads 400 (104,294)
Citation 4

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Private Equity, Secondary Markets, Liquidity, Liquidity Premium, Net Asset values

Quantifying Private Benefits of Control from a Structural Model of Block Trades

Journal of Financial Economics (JFE), Vol. 96, No. 1, 2010, ECGI - Finance Working Paper No. 202/2008
Number of pages: 54 Posted: 15 Aug 2009 Last Revised: 28 Nov 2013
Rui A. Albuquerque and Enrique J. Schroth
Boston College, Carroll School of Management and EDHEC Business School
Downloads 384 (108,470)
Citation 1

Abstract:

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block pricing, block trades, control transactions, deadweight loss, private benefits of control and structural estimation

Quantifying Private Benefits of Control from a Structural Model of Block Trades

CEPR Discussion Paper No. DP7358
Number of pages: 56 Posted: 26 Aug 2009
Rui A. Albuquerque and Enrique J. Schroth
Boston College, Carroll School of Management and EDHEC Business School
Downloads 1 (932,336)
Citation 7
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Block pricing, block trades, control transactions, deadweight loss, private benefits of control, structural estimation

Innovation, Differentiation, and the Choice of an Underwriter: Evidence from Equity Linked Securities

AFA 2004 San Diego Meetings; International Center for Financial Asset Management and Engineering (FAME) Working Paper
Number of pages: 84 Posted: 29 Apr 2003
Enrique J. Schroth
EDHEC Business School
Downloads 260 (164,479)
Citation 3

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Financial Innovation, Investment Banking, Underwriting, First-Mover Advantages, Demand Estimation

Innovation, Differentiation, and the Choice of an Underwriter: Evidence from Equity-Linked Securities

The Review of Financial Studies, Vol. 19, Issue 3, pp. 1041-1080, 2006
Posted: 29 Feb 2008
Enrique J. Schroth
EDHEC Business School

Abstract:

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9.

Profitable Innovation Without Patent Protection: The Case of Derivatives

International Center for Financial Asset Management and Engineering Working Paper
Number of pages: 41 Posted: 19 May 2003
Enrique J. Schroth and Helios Herrera
EDHEC Business School and Instituto Tecnológico Autónomo de México (ITAM) - Centro de Investigacion Economica
Downloads 248 (172,851)
Citation 5

Abstract:

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Financial innovation, first-mover advantages, asymmetric information, learning-by-doing

10.

Innovation and First-Mover Advantages in Corporate Underwriting: Evidence from Equity Linked Securities

FAME Research Paper No. 74
Number of pages: 59 Posted: 10 Aug 2003
Enrique J. Schroth
EDHEC Business School
Downloads 206 (206,098)
Citation 4

Abstract:

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Financial Innovation, Investment Banking, Underwriting, First-Mover Advanatges, Demand Estimation

11.

Dynamic Debt Runs and Financial Fragility: Evidence from the 2007 ABCP Crisis

Journal of Financial Economics (JFE), Forthcoming, Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 68 Posted: 14 Mar 2012 Last Revised: 11 Aug 2020
Enrique J. Schroth, Gustavo Suarez and Lucian A. Taylor
EDHEC Business School, Board of Governors of the Federal Reserve System and University of Pennsylvania - The Wharton School
Downloads 165 (249,909)
Citation 19

Abstract:

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runs, financial crises, structural estimation, asset-backed commercial paper

12.

Financially Constrained Innovation Races: Evidence from Pharmaceutical Patents

EFA 2007 Ljubljana Meetings Paper
Number of pages: 67 Posted: 26 Feb 2007
Enrique J. Schroth and Dezsö Szalay
EDHEC Business School and University of Bonn - Faculty of Law & Economics
Downloads 156 (261,922)
Citation 3

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Patent race, cash sensitivity, consistent estimation, incumbency

13.

How Prevalent Are Financial Constraints in the U.S.?

Swedish House of Finance Research Paper No. 22-05
Number of pages: 73 Posted: 11 Jan 2022 Last Revised: 16 Mar 2022
University of Illinois at Chicago - Department of Finance, Centre for Economic Policy Research (CEPR)Swedish House of Finance and EDHEC Business School
Downloads 154 (264,628)

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Financial constraints, Investment, Short-term debt, Long-term debt, Equity, Structural estimation

14.

Developer's Expertise and the Dynamics of Financial Innovation: Theory and Evidence

Number of pages: 46 Posted: 18 Mar 2005
Helios Herrera and Enrique J. Schroth
Instituto Tecnológico Autónomo de México (ITAM) - Centro de Investigacion Economica and EDHEC Business School
Downloads 118 (324,174)
Citation 3

Abstract:

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Innovation and imitation, first-mover advantages, product differentiation, learning

15.

The Welfare Gains and Diffusion of Corporate Finance Innovations

EFA 2007 Ljubljana Meetings Paper
Number of pages: 54 Posted: 26 Feb 2007
Enrique J. Schroth
EDHEC Business School
Downloads 105 (351,353)
Citation 1

Abstract:

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Innovation, corporate finance products, demand estimation, welfare measurement

16.

The Welfare Implications of Non-Patentable Financial Innovations

FAME Research Paper No. 82
Number of pages: 43 Posted: 15 Jul 2003
Helios Herrera and Enrique J. Schroth
Instituto Tecnológico Autónomo de México (ITAM) - Centro de Investigacion Economica and EDHEC Business School
Downloads 88 (393,024)
Citation 3

Abstract:

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Financial innovation, imperfect imitation, patents

17.

Blockholder Illiquidity, Marketability Discounts, and Stock Price Discounts

Number of pages: 40 Posted: 06 Aug 2009
Rui A. Albuquerque and Enrique J. Schroth
Boston College, Carroll School of Management and EDHEC Business School
Downloads 72 (440,812)

Abstract:

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18.

Determinants of the Block Premium and of Private Benefits of Control

CEPR Discussion Paper No. DP6742
Number of pages: 69 Posted: 12 Jun 2008
Rui A. Albuquerque and Enrique J. Schroth
Boston College, Carroll School of Management and EDHEC Business School
Downloads 6 (831,331)
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Abstract:

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Block pricing, block trades, control transactions, mandatory bid rule, market rule, private benefits of control, structural estimation

19.

Strategic Default and Equity Risk Across Countries

Journal of Finance, 67(6), 2012
Posted: 23 Jul 2010 Last Revised: 28 Nov 2013
Giovanni Favara, Enrique J. Schroth and Philip Valta
HEC University of Lausanne, EDHEC Business School and University of Bern

Abstract:

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Debt Enforcement, Strategic Default, Liquidation Costs, Equity Risk