Valeri V. Nikolaev

University of Chicago Booth School of Business

Associate Professor of Accounting

5807 South Woodlawn Avenue

Chicago, IL 60637

United States

http://faculty.chicagobooth.edu/valeri.nikolaev/index.html

SCHOLARLY PAPERS

23

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Top 706

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33,759

SSRN CITATIONS
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Top 2,227

in Total Papers Citations

199

CROSSREF CITATIONS

327

Scholarly Papers (23)

Does Fair Value Accounting for Non-Financial Assets Pass the Market Test?

Review of Accounting Studies, Forthcoming
Number of pages: 50 Posted: 17 Sep 2008 Last Revised: 27 Feb 2013
Hans Bonde Christensen and Valeri V. Nikolaev
University of Chicago - Booth School of Business and University of Chicago Booth School of Business
Downloads 5,626 (1,354)
Citation 3

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Fair Value, IFRS, Non-Financial Assets, Illiquid Assets

Does Fair Value Accounting for Non-Financial Assets Pass the Market Test?

Chicago Booth Research Paper No. 13-10
Number of pages: 52 Posted: 13 Feb 2013 Last Revised: 07 Jun 2013
Hans Bonde Christensen and Valeri V. Nikolaev
University of Chicago - Booth School of Business and University of Chicago Booth School of Business
Downloads 500 (59,981)
Citation 8

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fair value, IFRS, non-financial assets, illiquid assets

Econometrics of the Basu Asymmetric Timeliness Coefficient and Accounting Conservatism

Chicago Booth Research Paper No. 09-16
Number of pages: 36 Posted: 13 Jul 2007 Last Revised: 19 Feb 2013
Ray Ball, S.P. Kothari and Valeri V. Nikolaev
University of Chicago - Booth School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Chicago Booth School of Business
Downloads 5,411 (1,443)
Citation 44

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conditional conservatism, asymmetric timeliness, earnings

Econometrics of the Basu Asymmetric Timeliness Coefficient and Accounting Conservatism

Journal of Accounting Research, Forthcoming
Number of pages: 37 Posted: 02 Aug 2013
Ray Ball, S.P. Kothari and Valeri V. Nikolaev
University of Chicago - Booth School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Chicago Booth School of Business
Downloads 522 (56,813)
Citation 5

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Conditional conservatism, Timely loss recognition, Basu model, Returns-earnings regressions, Earning respnse coefficients, Market-to-book ratio

Econometrics of the Basu Asymmetric Timeliness Coefficient and Accounting Conservatism

Journal of Accounting Research, Vol. 51, No. 5, 2013
Posted: 28 Nov 2013
Ray Ball, S.P. Kothari and Valeri V. Nikolaev
University of Chicago - Booth School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Chicago Booth School of Business

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conditional conservatism, asymmetric timeliness, earnings

3.

Accruals, Cash Flows, and Operating Profitability in the Cross Section of Stock Returns

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 47 Posted: 01 Apr 2015 Last Revised: 21 Sep 2015
Ray Ball, Joseph Gerakos, Juhani T. Linnainmaa and Valeri V. Nikolaev
University of Chicago - Booth School of Business, Tuck School of Business at Dartmouth College, Dartmouth College - Tuck School of Business and University of Chicago Booth School of Business
Downloads 3,151 (3,758)
Citation 34

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Operating profitability, Accruals, Cash flows, Anomalies, Asset pricing

4.

Identifying Accounting Quality

Chicago Booth Research Paper No. 14-28
Number of pages: 62 Posted: 23 Aug 2014 Last Revised: 15 Jan 2019
Valeri V. Nikolaev
University of Chicago Booth School of Business
Downloads 2,818 (4,560)
Citation 10

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Accounting quality, Earnings quality, Accruals, Identification, Estimation error

5.

Deflating Profitability

Journal of Financial Economics (JFE), Volume 117, Issue 2, pp. 225-248
Number of pages: 55 Posted: 27 Mar 2014 Last Revised: 12 Dec 2015
Ray Ball, Joseph Gerakos, Juhani T. Linnainmaa and Valeri V. Nikolaev
University of Chicago - Booth School of Business, Tuck School of Business at Dartmouth College, Dartmouth College - Tuck School of Business and University of Chicago Booth School of Business
Downloads 2,546 (5,390)
Citation 32

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Gross profitability, operating profitability, asset pricing, deflators, earnings anomalies

6.

Agency Theory of Overvalued Equity as an Explanation for the Accrual Anomaly

Number of pages: 64 Posted: 28 Dec 2005
S.P. Kothari, Elena Loutskina and Valeri V. Nikolaev
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of Virginia - Darden School of Business and University of Chicago Booth School of Business
Downloads 2,161 (7,069)
Citation 39

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accrual anomaly; earnings management; agency theory of overvalued equity

7.

On Estimating Conditional Conservatism

Forthcoming, The Accounting Review
Number of pages: 56 Posted: 12 Feb 2011 Last Revised: 03 Dec 2012
Ray Ball, S.P. Kothari and Valeri V. Nikolaev
University of Chicago - Booth School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Chicago Booth School of Business
Downloads 1,907 (8,785)
Citation 39

Abstract:

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conditional conservatism, asymmetric timeliness, earnings

8.

Earnings, Retained Earnings, and Book-to-Market in the Cross Section of Expected Returns

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 66 Posted: 01 Mar 2017 Last Revised: 20 Jan 2019
Ray Ball, Joseph Gerakos, Juhani T. Linnainmaa and Valeri V. Nikolaev
University of Chicago - Booth School of Business, Tuck School of Business at Dartmouth College, Dartmouth College - Tuck School of Business and University of Chicago Booth School of Business
Downloads 1,861 (9,137)
Citation 9

Abstract:

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G11, G12, M41

9.

Debt Covenants and Accounting Conservatism

Journal of Accounting Research, Vol. 48, No. 1
Number of pages: 41 Posted: 21 Jan 2008 Last Revised: 29 Aug 2010
Valeri V. Nikolaev
University of Chicago Booth School of Business
Downloads 1,468 (13,329)
Citation 11

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contracting demands, timely loss recognition, covenants, debt contracts

10.

Capital Versus Performance Covenants in Debt Contracts

Chicago Booth Research Paper No. 11-06
Number of pages: 57 Posted: 26 Jan 2011 Last Revised: 03 Jun 2014
Hans Bonde Christensen and Valeri V. Nikolaev
University of Chicago - Booth School of Business and University of Chicago Booth School of Business
Downloads 1,276 (16,553)
Citation 14

Abstract:

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accounting-based covenants, private debt, financial contract design

Accounting Information in Financial Contracting: The Incomplete Contract Theory Perspective

Journal of Accounting Research, 54, 2016
Number of pages: 59 Posted: 13 Oct 2015 Last Revised: 10 Jun 2016
University of Chicago - Booth School of Business, University of Chicago Booth School of Business and University of Southern California
Downloads 768 (34,048)
Citation 37

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Financial contracting, incomplete contracts, accounting-based covenants, control allocation, contracting on accounting information

Accounting Information in Financial Contracting: The Incomplete Contract Theory Perspective

Journal of Accounting Research, Vol. 54, No. 2, 2016
Posted: 15 Jul 2016
University of Chicago - Booth School of Business, University of Southern California and University of Chicago Booth School of Business

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financial contracting, incomplete contracts, accounting-based covenants, control allocation, contracting on accounting information

The Endogeneity Bias in the Relation between Cost-of-Debt Capital and Corporate Disclosure Policy

CentER Discussion Paper No. 2005-67
Number of pages: 58 Posted: 02 Jun 2005
Valeri V. Nikolaev and Laurence van Lent
University of Chicago Booth School of Business and Frankfurt School of Finance & Management
Downloads 660 (41,843)
Citation 9

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Disclosure policy, cost-of-debt capital, endogeneity

The Endogeneity Bias in the Relation between Cost-of-Debt Capital and Corporate Disclosure Policy

European Accounting Review, No. 4, pp. 677-724, 2005
Number of pages: 57 Posted: 05 Aug 2005 Last Revised: 10 Jan 2012
Valeri V. Nikolaev and Laurence van Lent
University of Chicago Booth School of Business and Frankfurt School of Finance & Management
Downloads 66 (371,704)

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Disclosure policy, cost-of-debt capital, endogeneity

13.
Downloads 661 ( 42,368)
Citation 7

Contracting on GAAP Changes: Large Sample Evidence

Chicago Booth Research Paper No. 13-66
Number of pages: 41 Posted: 02 Aug 2013 Last Revised: 01 Mar 2017
Hans Bonde Christensen and Valeri V. Nikolaev
University of Chicago - Booth School of Business and University of Chicago Booth School of Business
Downloads 661 (41,761)
Citation 7

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Standard setting, GAAP changes, debt contracting, incomplete contract theory

Contracting on GAAP Changes: Large Sample Evidence

Journal of Accounting Research, Vol. 55, No. 5, 2017
Posted: 12 Mar 2018
Hans Bonde Christensen and Valeri V. Nikolaev
University of Chicago - Booth School of Business and University of Chicago Booth School of Business

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standard setting; GAAP changes; debt contracting; incomplete contracts theory

14.

Scope for Renegotiation in Private Debt Contracts

Chicago Booth Research Paper No. 15-15
Number of pages: 64 Posted: 02 Mar 2012 Last Revised: 01 Nov 2016
Valeri V. Nikolaev
University of Chicago Booth School of Business
Downloads 588 (49,425)
Citation 15

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Debt contract renegotiation, contracting costs, monitoring, creditor control rights.

15.

Financial Shocks to Lenders and the Composition of Financial Covenants

Number of pages: 46 Posted: 05 Dec 2017 Last Revised: 13 Apr 2020
University of Chicago - Booth School of Business, University of Miami Herbert Business School, Hong Kong University of Science & Technology (HKUST) - Department of Accounting and University of Chicago Booth School of Business
Downloads 421 (74,853)

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covenants, debt contracting, financial market frictions

16.

Firm-level Political Risk and Credit Markets

Number of pages: 60 Posted: 12 Jun 2019 Last Revised: 23 Jun 2020
Mahmoud Gad, Valeri V. Nikolaev, Ahmed Tahoun and Laurence van Lent
Lancaster University - Lancaster University Management School, University of Chicago Booth School of Business, London Business School and Frankfurt School of Finance & Management
Downloads 349 (93,030)
Citation 1

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credit markets, political risk, financial institutions

17.

Disproportional Control Rights and the Bonding Role of Debt

Number of pages: 52 Posted: 04 Dec 2009
Aiyesha Dey, Xue Wang and Valeri V. Nikolaev
Harvard Business School, Ohio State University - Fisher College of Business and University of Chicago Booth School of Business
Downloads 282 (117,481)
Citation 2

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corporate governance, dual-class ownership, disproportional control, debt financing, capital structure, Tobin’s q

18.

Expected Loan Loss Provisioning: An Empirical Model

Chicago Booth Research Paper No. 19-11
Number of pages: 54 Posted: 01 Mar 2019 Last Revised: 07 May 2020
Yao Lu and Valeri V. Nikolaev
University of Chicago - Booth School of Business and University of Chicago Booth School of Business
Downloads 196 (168,077)
Citation 4

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Expected loan losses, long-term losses, CECL, expected loss overhang

19.

Disproportional Control Rights and the Governance Role of Debt

Management Science, Forthcoming
Number of pages: 58 Posted: 29 Apr 2015
Aiyesha Dey, Valeri V. Nikolaev and Xue Wang
Harvard Business School, University of Chicago Booth School of Business and Ohio State University - Fisher College of Business
Downloads 179 (182,385)
Citation 1

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dual class; capital structure; relationship lending; debt covenants

20.

Disproportional Control and Insider Entrenchment: Evidence from Capital Structure Choices and Institutional Investment

Number of pages: 55 Posted: 02 Sep 2009
Aiyesha Dey, Valeri V. Nikolaev and Xue Wang
Harvard Business School, University of Chicago Booth School of Business and Ohio State University - Fisher College of Business
Downloads 149 (213,199)
Citation 1

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dual-class, voting control, board control, capital structure, institutional investment

21.

Outside Blockholders’ Monitoring of Management and Debt Financing: An Alternative Perspective.

Contemporary Accounting Research, Forthcoming
Number of pages: 15 Posted: 17 Jun 2015
Valeri V. Nikolaev
University of Chicago Booth School of Business
Downloads 114 (261,918)

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Large shareholders, monitoring structure, private debt, covenants, complementarities.

22.

Discussion of 'Borrower Private Information Covenants and Loan Contract Monitoring'

Journal of Accounting & Economics (JAE), Forthcoming
Number of pages: 17 Posted: 18 Jul 2017
Valeri V. Nikolaev
University of Chicago Booth School of Business
Downloads 64 (372,887)

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Monitoring, disclosure, information covenants, reporting frequency, contracting on accounting information

23.

Accounting Measurement Intensity

Chicago Booth Research Paper No. 20-17
Number of pages: 77 Posted: 30 Jun 2020
Frankfurt School of Finance & Management, Frankfurt School of Finance & Management, University of Chicago Booth School of Business and Frankfurt School of Finance & Management
Downloads 15 (595,106)

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metering problem, accounting measurement, stewardship, theory of the firm