Enrique J. Schroth

City University London - Cass Business School

Professor of Finance

London, EC1Y 8TZ

Great Britain

Centre for Economic Policy Research (CEPR)

London

United Kingdom

SCHOLARLY PAPERS

16

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3,334

CITATIONS
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Top 11,313

in Total Papers Citations

36

Scholarly Papers (16)

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 City University London - Cass Business School
Downloads 579 (45,050)
Citation 3

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
Federal Reserve Board, Ecole Polytechnique Fédérale de Lausanne, City University London - Cass Business School and University of Bern
Downloads 484 (56,579)

Abstract:

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

3.
Downloads 416 ( 68,041)
Citation 1

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 City University London - Cass Business School
Downloads 412 (68,231)
Citation 1

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 City University London - Cass Business School
Downloads 4 (635,419)
Citation 1
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control discount, Control transactions, corporate governance, illiquidity spillover, marketability discount, search frictions

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 City University London - Cass Business School
Downloads 301 (98,056)
Citation 9

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 City University London - Cass Business School
Downloads 1 (669,179)
Citation 9
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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
City University London - Cass Business School
Downloads 247 (120,877)
Citation 7

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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
City University London - Cass Business School

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6.

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
City University London - Cass Business School and Instituto Tecnológico Autónomo de México (ITAM) - Centro de Investigacion Economica
Downloads 240 (125,003)
Citation 5

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

7.

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
City University London - Cass Business School
Downloads 197 (151,106)
Citation 1

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

8.

Transitory versus Permanent Shocks: Explaining Corporate Savings and Investment

Swiss Finance Institute Research Paper No. 18-21
Number of pages: 63 Posted: 26 Jun 2017 Last Revised: 15 Mar 2018
Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE), USI Lugano - Institute of Finance, Ecole Polytechnique Fédérale de Lausanne, City University London - Cass Business School and University of Bern
Downloads 160 (181,774)

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Cash holdings, Investment, permanent vs. transitory shocks

9.

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, University of Oxford - Said Business School, University of Oxford - Said Business School and City University London - Cass Business School
Downloads 148 (194,087)

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

10.

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
City University London - Cass Business School and University of Bonn - Faculty of Law & Economics
Downloads 138 (205,328)
Citation 1

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Patent race, cash sensitivity, consistent estimation, incumbency

11.

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

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 68 Posted: 14 Mar 2012 Last Revised: 28 Nov 2013
Enrique J. Schroth, Gustavo Suarez and Lucian A. Taylor
City University London - Cass Business School, Board of Governors of the Federal Reserve System and University of Pennsylvania - The Wharton School
Downloads 125 (221,904)
Citation 3

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

12.

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 City University London - Cass Business School
Downloads 109 (245,359)
Citation 1

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

13.

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
City University London - Cass Business School
Downloads 100 (260,381)
Citation 1

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Innovation, corporate finance products, demand estimation, welfare measurement

14.

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 City University London - Cass Business School
Downloads 83 (293,019)
Citation 1

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Financial innovation, imperfect imitation, patents

15.

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 City University London - Cass Business School
Downloads 6 (594,645)
Citation 3
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Block pricing, block trades, control transactions, mandatory bid rule, market rule, private benefits of control, structural estimation

16.

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, City University London - Cass Business School and University of Bern

Abstract:

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Debt Enforcement, Strategic Default, Liquidation Costs, Equity Risk