Bo Becker

Stockholm School of Economics

Drottninggatan 98

Dept. of Finance

111 60 Stockholm , 11160

Sweden

Centre for Economic Policy Research (CEPR)

Research Fellow

London

United Kingdom

ECGI

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

  • Stockholm School of Economics

  • Centre for Economic Policy Research (CEPR)

  • ECGI

SCHOLARLY PAPERS

34

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990

Scholarly Papers (34)

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1.

Reaching for Yield in the Bond Market

Downloads 2,225 (14,733)
Citation 318

Reaching for Yield in the Bond Market

Harvard Business School Finance Working Paper No. 12-103, Journal of Finance, Volume 70 (5), 1863-1902, 2015
Number of pages: 54 Posted: 24 May 2012 Last Revised: 15 Feb 2018
Bo Becker and Victoria Ivashina
Stockholm School of Economics and Harvard University
Downloads 2,050 (16,536)
Citation 14

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Reaching for yield; Financial crises; Credit cycles; Insurance companies

Reaching for Yield in the Bond Market

Number of pages: 42 Posted: 02 Jun 2012
Bo Becker and Victoria Ivashina
Stockholm School of Economics and Harvard University
Downloads 103 (563,499)
Citation 5

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Fixed income, Reaching for yield, Financial intermediation, Insurance companies

Reaching for Yield in the Bond Market

NBER Working Paper No. w18909
Number of pages: 56 Posted: 22 Mar 2013 Last Revised: 03 Mar 2023
Bo Becker and Victoria Ivashina
Stockholm School of Economics and Harvard University
Downloads 72 (705,837)
Citation 299

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2.

Cyclicality of Credit Supply: Firm Level Evidence

Downloads 1,867 (19,571)
Citation 75

Cyclicality of Credit Supply: Firm Level Evidence

Harvard Business School Finance Working Paper No. 10-107 , AFA 2011 Denver Meetings Paper, Journal of Monetary Economics, Vol. 62 (C), 76-93, 2014
Number of pages: 48 Posted: 18 Mar 2010 Last Revised: 15 Feb 2018
Victoria Ivashina and Bo Becker
Harvard University and Stockholm School of Economics
Downloads 1,799 (20,349)
Citation 35

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Banks, Financial Markets and the Macroeconomy, Business Cycles, Credit Cycles

Cyclicality of Credit Supply: Firm Level Evidence

NBER Working Paper No. w17392
Number of pages: 47 Posted: 21 Sep 2011 Last Revised: 10 Jul 2023
Bo Becker and Victoria Ivashina
Stockholm School of Economics and Harvard University
Downloads 68 (728,834)
Citation 40

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3.

Fiduciary Duties and Equity‐Debtholder Conflicts

Downloads 1,808 (20,569)
Citation 1

Fiduciary Duties and Equity‐Debtholder Conflicts

Harvard Business School Finance Working Paper No. 10-070, ECGI - Finance Working Paper No. 330/2012
Number of pages: 57 Posted: 20 Feb 2010 Last Revised: 21 Mar 2012
Bo Becker and Per Strömberg
Stockholm School of Economics and Swedish House of Finance
Downloads 1,062 (44,537)
Citation 1

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Equity-Debtholder Conflicts and Capital Structure

AFA 2011 Denver Meetings Paper
Number of pages: 30 Posted: 17 Mar 2010
Per Strömberg and Bo Becker
Swedish House of Finance and Stockholm School of Economics
Downloads 746 (72,236)

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Bankruptcy, Costs of Financial Distress, Capital Structure

4.

How Did Increased Competition Affect Credit Ratings?

Downloads 1,730 (22,001)
Citation 75

How Did Increased Competition Affect Credit Ratings?

Harvard Business School Finance Working Paper No. 09-051
Number of pages: 49 Posted: 06 Oct 2008 Last Revised: 25 Sep 2010
Bo Becker and Todd T. Milbourn
Stockholm School of Economics and Washington University in Saint Louis - Olin Business School
Downloads 1,480 (27,397)
Citation 75

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Credit ratings, competition and reputation, information quality

How Did Increased Competition Affect Credit Ratings?

NBER Working Paper No. w16404
Number of pages: 49 Posted: 04 Oct 2010 Last Revised: 29 Apr 2023
Bo Becker and Todd T. Milbourn
Stockholm School of Economics and Washington University in Saint Louis - Olin Business School
Downloads 250 (259,664)

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5.

Financial Repression in the European Sovereign Debt Crisis

Downloads 1,520 (26,756)
Citation 122

Financial Repression in the European Sovereign Debt Crisis

Swedish House of Finance Research Paper No. 14-13, Paris December 2014 Finance Meeting EUROFIDAI - AFFI Paper, Review of Finance, Forthcoming
Number of pages: 41 Posted: 27 Apr 2014 Last Revised: 15 Feb 2018
Bo Becker and Victoria Ivashina
Stockholm School of Economics and Harvard University
Downloads 1,516 (26,391)
Citation 29

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Credit Cycles, Sovereign Debt, Financial Repression

Financial Repression in the European Sovereign Debt Crisis

CEPR Discussion Paper No. DP12185
Number of pages: 52 Posted: 04 Aug 2017
Bo Becker and Victoria Ivashina
Stockholm School of Economics and Harvard University
Downloads 4 (1,360,400)
Citation 93
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Credit cycles, financial repression, Sovereign debt

6.

Does Shareholder Proxy Access Improve Firm Value? Evidence from the Business Roundtable Challenge

Downloads 1,516 (26,870)
Citation 10

Does Shareholder Proxy Access Improve Firm Value? Evidence from the Business Roundtable Challenge

Harvard Business School Finance Working Paper No. 11-052, Harvard Business School NOM Unit Working Paper No. 11-052, Harvard Law and Economics Discussion Paper No. 685
Number of pages: 50 Posted: 14 Mar 2012
Bo Becker, Daniel Bergstresser and Guhan Subramanian
Stockholm School of Economics, Brandeis International Business School and Harvard Business School
Downloads 1,474 (27,570)
Citation 2

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Shareholder proxy access, Corporate governance

Does Shareholder Proxy Access Improve Firm Value? Evidence from the Business Roundtable Challenge

NBER Working Paper No. w17797
Number of pages: 50 Posted: 03 Feb 2012 Last Revised: 17 Feb 2023
Bo Becker, Daniel Bergstresser and Guhan Subramanian
Stockholm School of Economics, Brandeis International Business School and Harvard Business School
Downloads 42 (924,708)
Citation 8

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7.

Covenant-Light Contracts and Creditor Coordination

Downloads 1,306 (33,511)
Citation 46

Covenant-Light Contracts and Creditor Coordination

Riksbank Research Paper Series No. 149, Sveriges Riksbank Working Paper Series No. 325, Swedish House of Finance Research Paper No. 17-1
Number of pages: 45 Posted: 07 Dec 2016 Last Revised: 13 Jan 2017
Bo Becker and Victoria Ivashina
Stockholm School of Economics and Harvard University
Downloads 981 (49,780)
Citation 15

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Credit cycles, Loan contracts, Debt Covenants

Covenant-Light Contracts and Creditor Coordination

Swedish House of Finance Research Paper No. 16-09
Number of pages: 44 Posted: 31 Mar 2016 Last Revised: 04 Apr 2016
Bo Becker and Victoria Ivashina
Stockholm School of Economics and Harvard University
Downloads 325 (197,178)
Citation 31

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Credit cycles; Loan contracts; Debt Covenants

8.

Estimating the Effects of Large Shareholders Using a Geographic Instrument

Downloads 1,018 (48,036)
Citation 8

Estimating the Effects of Large Shareholders Using a Geographic Instrument

EFA 2008 Athens Meetings Paper, AFA 2009 San Francisco Meetings Paper, Fisher College of Business Working Paper No. 2008-03-008, Charles A. Dice Center Working Paper No. 2008-9, Robert Day School of Economics and Finance Research Paper No. 2009-13, Harvard Business School Finance Working Paper No. 1101012
Number of pages: 58 Posted: 03 Mar 2008 Last Revised: 27 Sep 2010
Bo Becker, Henrik Cronqvist and Rüdiger Fahlenbrach
Stockholm School of Economics, Chapman University - The George L. Argyros College of Business and Economics and École Polytechnique Fédérale de Lausanne (EPFL)
Downloads 917 (54,717)
Citation 8

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Large shareholders, blockholders, corporate policies, firm performance, liquidity, instrumental variable estimation

Estimating the Effects of Large Shareholders Using a Geographic Instrument

NBER Working Paper No. w17393
Number of pages: 58 Posted: 21 Sep 2011 Last Revised: 12 Jul 2023
Bo Becker, Henrik Cronqvist and Rüdiger Fahlenbrach
Stockholm School of Economics, Chapman University - The George L. Argyros College of Business and Economics and École Polytechnique Fédérale de Lausanne (EPFL)
Downloads 101 (571,785)

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9.

Credit Risk, Debt Overhang, and the Life Cycle of Callable Bonds

Review of Finance, forthcoming, Swedish House of Finance Research Paper No. 18-16
Number of pages: 63 Posted: 17 Dec 2018 Last Revised: 19 Jan 2024
Bo Becker, Murillo Campello, Viktor Thell and Dong Yan
Stockholm School of Economics, University of Florida - Warrington College of Business Administration, Swedish FSA and Erasmus University Rotterdam (EUR) - Rotterdam School of Management (RSM)
Downloads 775 (69,758)
Citation 3

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Callable bonds, Credit risk, Debt overhang, Investment decisions.

10.

Regulatory Reform and Risk-Taking: Replacing Ratings

Downloads 606 (95,733)
Citation 9

Regulatory Reform and Risk-Taking: Replacing Ratings

Swedish House of Finance Research Paper No. 13-03
Number of pages: 44 Posted: 17 Jul 2013 Last Revised: 03 Sep 2014
Bo Becker and Marcus M. Opp
Stockholm School of Economics and Stockholm School of Economics - Department of Finance
Downloads 543 (108,554)
Citation 7

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Financial Regulation, Rating Agencies, Alternatives to Credit Ratings, Financial Crisis, Insurance Industry, Capital Regulation, Dodd-Frank Act

Regulatory Reform and Risk-Taking: Replacing Ratings

NBER Working Paper No. w19257
Number of pages: 45 Posted: 08 Aug 2013 Last Revised: 13 Feb 2022
Bo Becker and Marcus M. Opp
Stockholm School of Economics and Stockholm School of Economics - Department of Finance
Downloads 63 (759,725)
Citation 2

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11.

Geographical Segmentation of Us Capital Markets

EFA 2005 Moscow Meetings Paper
Number of pages: 41 Posted: 27 Feb 2005 Last Revised: 13 Jan 2009
Bo Becker
Stockholm School of Economics
Downloads 551 (107,934)
Citation 64

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Geographical segmentation, bank deposits

12.

Disruption and Credit Markets

Downloads 544 (109,717)
Citation 2

Disruption and Credit Markets

Journal of Finance, Forthcoming
Number of pages: 59 Posted: 13 Feb 2019 Last Revised: 18 Mar 2022
Bo Becker and Victoria Ivashina
Stockholm School of Economics and Harvard University
Downloads 506 (118,427)

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Disruption, Default, Corporate Bonds

Disruption and Credit Markets

NBER Working Paper No. w29890
Number of pages: 60 Posted: 28 Mar 2022 Last Revised: 12 Jun 2023
Bo Becker and Victoria Ivashina
Stockholm School of Economics and Harvard University
Downloads 38 (963,991)
Citation 2

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Disruption and Credit Markets

CEPR Discussion Paper No. DP13508
Number of pages: 44 Posted: 11 Feb 2019
Bo Becker and Victoria Ivashina
Stockholm School of Economics and Harvard University
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corporate bonds, default, Disruption

13.

Bad Times, Good Credit

Swedish House of Finance Research Paper No. 15-05
Number of pages: 49 Posted: 01 Apr 2015 Last Revised: 29 May 2018
Bo Becker, Marieke Bos and Kasper Roszbach
Stockholm School of Economics, Swedish House of Finance - Stockholm School of Economics and Norges Bank - Research Department
Downloads 467 (132,052)
Citation 35

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Credit markets, corporate loans, information frictions, business cycles, internal ratings

14.

Portfolio Rebalancing and the Transmission of Large-Scale Asset Programmes: Evidence from the Euro Area

ECB Working Paper No. 2125
Number of pages: 39 Posted: 02 Feb 2018
Ugo Albertazzi, Bo Becker and Miguel Boucinha
ECB -DG Monetary Policy, Stockholm School of Economics and European Central Bank (ECB)
Downloads 449 (138,557)
Citation 46

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quantitative easing, unconventional monetary policy, portfolio rebalancing, search for yield

15.

Payout Taxes and the Allocation of Investment

Downloads 426 (147,249)
Citation 46

Payout Taxes and the Allocation of Investment

Harvard Business School Finance Working Paper No. 11-040, AFA 2012 Chicago Meetings Paper
Number of pages: 60 Posted: 17 Oct 2010 Last Revised: 04 Apr 2012
Bo Becker, Marcus Jacob and Martin Jacob
Stockholm School of Economics, WHU - Otto Beisheim School of Management and University of Navarra, IESE Business School
Downloads 380 (165,961)
Citation 14

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Payout Taxes and the Allocation of Investment

NBER Working Paper No. w17481
Number of pages: 52 Posted: 08 Oct 2011 Last Revised: 08 Apr 2023
Bo Becker, Marcus Jacob and Martin Jacob
Stockholm School of Economics, WHU - Otto Beisheim School of Management and University of Navarra, IESE Business School
Downloads 46 (888,117)
Citation 32

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16.

Non-Rating Revenue and Conflicts of Interest

Downloads 409 (154,390)
Citation 7

Non-Rating Revenue and Conflicts of Interest

Swedish House of Finance Research Paper No. 15-06
Number of pages: 74 Posted: 04 Apr 2015 Last Revised: 17 Nov 2016
Ramin Baghai and Bo Becker
Stockholm School of Economics and Stockholm School of Economics
Downloads 408 (153,242)
Citation 2

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Credit rating agencies, conflicts of interest, fees, non-rating revenue

Non-Rating Revenue and Conflicts of Interest

CEPR Discussion Paper No. DP11508
Number of pages: 55 Posted: 20 Sep 2016
Ramin Baghai and Bo Becker
Stockholm School of Economics and Stockholm School of Economics
Downloads 1 (1,379,674)
Citation 5
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agency problems, Credit ratings, issuer-pays

17.

Local Dividend Clienteles

NBER Working Paper No. w15175
Number of pages: 53 Posted: 28 Jul 2009 Last Revised: 19 Jun 2023
Bo Becker, Zoran Ivkovich and Scott J. Weisbenner
Stockholm School of Economics, Michigan State University, Department of Finance and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 355 (180,745)
Citation 10

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18.

Wealth and Executive Compensation

Number of pages: 24 Posted: 22 Feb 2005
Bo Becker
Stockholm School of Economics
Downloads 346 (185,911)
Citation 20

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agency theory, executive compensation

19.

Reputations and Credit Ratings: Evidence from Commercial Mortgage-Backed Securities

Swedish House of Finance Research Paper No. 16-21
Number of pages: 53 Posted: 26 Oct 2016 Last Revised: 06 May 2020
Ramin Baghai and Bo Becker
Stockholm School of Economics and Stockholm School of Economics
Downloads 340 (189,469)
Citation 4

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Credit ratings, reputation, competition, information quality, commercial mortgage-backed securities

20.

Non-Financial Liabilities and Effective Corporate Restructuring

Downloads 339 (190,074)

Non-Financial Liabilities and Effective Corporate Restructuring

European Corporate Governance Institute – Finance Working Paper No. 937/2023
Number of pages: 48 Posted: 27 Oct 2023 Last Revised: 09 Dec 2024
Bo Becker, Jens Josephson and Hongyi Xu
Stockholm School of Economics, Stockholm University and Stockholm School of Economics
Downloads 211 (306,729)

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Restructuring, Capital structure, Executory contracts, Insolvency, Bankruptcy

Non-Financial Liabilities and Effective Corporate Restructuring

Swedish House of Finance Research Paper No. 24-02
Number of pages: 42 Posted: 17 Nov 2023 Last Revised: 02 Dec 2024
Bo Becker and Jens Josephson
Stockholm School of Economics and Stockholm University
Downloads 128 (475,772)

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Bankruptcy, Executory contracts, Capital structure, Restructuring, Insolvency

21.

The Effect of Financial Development on the Investment Cash Flow Relationship: Cross-Country Evidence from Europe

ECB Working Paper No. 689
Number of pages: 43 Posted: 09 Nov 2006
Bo Becker and Jagadeesh Sivadasan
Stockholm School of Economics and University of Michigan, Stephen M. Ross School of Business
Downloads 324 (199,479)

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Financial Constraints, Investment, Europe, Financial Development

22.

Banking Without Branches

Olin Business School Center for Finance & Accounting Research Paper No. 2024/08, Swedish House of Finance Research Paper Forthcoming
Number of pages: 45 Posted: 26 Aug 2024 Last Revised: 11 Dec 2024
Bo Becker and Niklas Amberg
Stockholm School of Economics and Sveriges Riksbank
Downloads 288 (226,197)

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Banks, Branch closures, Credit supply, Soft information

23.

Regulatory Forbearance in the U.S. Insurance Industry: The Effects of Removing Capital Requirements for an Asset Class

Downloads 200 (323,806)
Citation 26

Regulatory Forbearance in the U.S. Insurance Industry: The Effects of Removing Capital Requirements for an Asset Class

Swedish House of Finance Research Paper No. 20-6
Number of pages: 63 Posted: 25 Feb 2020 Last Revised: 27 Jan 2021
Bo Becker, Marcus M. Opp and Farzad Saidi
Stockholm School of Economics, Stockholm School of Economics - Department of Finance and Boston University - Questrom School of Business
Downloads 199 (324,183)
Citation 18

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insurance industry, capital regulation, regulatory reform, NAIC, risk-based capital requirements

Regulatory Forbearance in the U.S. Insurance Industry: The Effects of Eliminating Capital Requirements

CEPR Discussion Paper No. DP14373
Number of pages: 52 Posted: 11 Feb 2020
Bo Becker, Marcus M. Opp and Farzad Saidi
Stockholm School of Economics, Stockholm School of Economics - Department of Finance and Boston University - Questrom School of Business
Downloads 1 (1,379,674)
Citation 8
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Capital regulation, insurance industry, NAIC, Regulatory Reform, risk- based capital requirements

24.

Insolvency Resolution and the Missing High Yield Bond Markets

Downloads 189 (341,271)
Citation 28

Insolvency Resolution and the Missing High Yield Bond Markets

Swedish House of Finance Research Paper No. 13-05
Number of pages: 55 Posted: 02 Sep 2013 Last Revised: 02 Feb 2016
Bo Becker and Jens Josephson
Stockholm School of Economics and Stockholm University
Downloads 136 (452,653)

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Insolvency Resolution and the Missing High Yield Bond Markets

NBER Working Paper No. w19415
Number of pages: 48 Posted: 06 Sep 2013 Last Revised: 21 Jul 2023
Bo Becker and Jens Josephson
Stockholm School of Economics and Stockholm University
Downloads 53 (830,121)
Citation 28

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25.

The Resilience of the U.S. Corporate Bond Market During Financial Crises

NBER Working Paper No. w28868
Number of pages: 55 Posted: 31 May 2021 Last Revised: 19 May 2023
Bo Becker and Efraim Benmelech
Stockholm School of Economics and Northwestern University - Kellogg School of Management
Downloads 149 (419,612)
Citation 6

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26.

Fiduciary Duties and Equity-Debtholder Conflicts

NBER Working Paper No. w17661
Number of pages: 53 Posted: 17 Dec 2011 Last Revised: 05 Apr 2023
Bo Becker and Per Strömberg
Stockholm School of Economics and Swedish House of Finance
Downloads 123 (489,101)
Citation 6

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27.

Reputations and Credit Ratings: Evidence from Commercial Mortgage-Backed Securities

CEPR Discussion Paper No. DP12648
Number of pages: 56 Posted: 29 Jan 2018 Last Revised: 24 Sep 2018
Ramin Baghai and Bo Becker
Stockholm School of Economics and Stockholm School of Economics
Downloads 11 (1,251,599)
Citation 15
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commercial mortgage-backed securities, Competition, Credit ratings, information quality, reputation

28.

Credit Risk and the Life Cycle of Callable Bonds: Implications for Corporate Financing and Investing

CEPR Discussion Paper No. DP16239
Number of pages: 44 Posted: 14 Jul 2021
Bo Becker, Murillo Campello, Viktor Thell and Dong Yan
Stockholm School of Economics, University of Florida - Warrington College of Business Administration, Swedish FSA and Erasmus University Rotterdam (EUR) - Rotterdam School of Management (RSM)
Downloads 8 (1,286,916)
Citation 1
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29.

The Private Use of Credit Ratings: Evidence from Mutual Fund Investment Mandates

Downloads 4 (1,304,022)
Citation 7

The Private Use of Credit Ratings: Evidence from Mutual Fund Investment Mandates

CEPR Discussion Paper No. DP13418
Number of pages: 60 Posted: 07 Jan 2019 Last Revised: 07 Nov 2019
Ramin Baghai, Bo Becker and Stefan Pitschner
Stockholm School of Economics, Stockholm School of Economics and Uppsala University
Downloads 4 (1,360,400)
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Credit ratings, delegated asset management, financial crisis, investment mandates

The Use of Credit Ratings in the Delegated Management of Fixed Income Assets

Swedish House of Finance Research Paper No. 18-13
Posted: 16 Jul 2018 Last Revised: 29 Aug 2022
Ramin Baghai, Bo Becker and Stefan Pitschner
Stockholm School of Economics, Stockholm School of Economics and Uppsala University
Downloads 0 (546,129)
Citation 7

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Credit ratings, investment mandates, delegated asset management, financial crisis

30.

L'Occitane En Provence

Harvard Business School Finance Case No. 212-051
Posted: 20 Mar 2012
Bo Becker, Daniela Beyersdorfer, Scott Mayfield and Mayuka Yamazaki
Stockholm School of Economics, Harvard Business School, Europe Research Center, Harvard Business School and Harvard University - Business School (HBS)

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31.

A New Financial Policy at Swedish Match

Harvard Business School Finance Case No. 212-017
Posted: 05 Feb 2012
Bo Becker
Stockholm School of Economics

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32.

Roche's Acquisition of Genentech

Harvard Business School Finance Case No. 210-040
Posted: 02 Feb 2012
Carliss Y. Baldwin, Bo Becker and Vincent Dessain
Harvard Business School, Stockholm School of Economics and Harvard Business School - Finance Unit; European Research Center

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33.

Identifying Firm Capital Structure

Harvard Business School Finance Case No. 211-072
Posted: 26 Jan 2012
Bo Becker
Stockholm School of Economics

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34.

Kroll Bond Rating Agency

Harvard Business School Finance Case No. 212-034
Posted: 25 Jan 2012
Bo Becker
Stockholm School of Economics

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