Antonio Falato

Board of Governors of the Federal Reserve System

Economist, Office of Financial Stability

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

  • Board of Governors of the Federal Reserve System

SCHOLARLY PAPERS

17

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8,626

SSRN CITATIONS
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SSRN RANKINGS

Top 2,248

in Total Papers Citations

514

CROSSREF CITATIONS

159

Scholarly Papers (17)

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1.

Rising Intangible Capital, Shrinking Debt Capacity, and the US Corporate Savings Glut

Downloads 2,417 ( 9,598)
Citation 110

Rising Intangible Capital, Shrinking Debt Capacity, and the US Corporate Savings Glut

Journal of Finance, Forthcoming
Number of pages: 83 Posted: 26 Jun 2018 Last Revised: 24 Feb 2021
Antonio Falato, Dalida Kadyrzhanova, Jae Sim and Roberto Steri
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and University of Luxembourg
Downloads 1,771 (15,516)
Citation 15

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Intangible Assets, Debt Capacity, Risk Management, Corporate Cash Holdings

Rising Intangible Capital, Shrinking Debt Capacity, and the US Corporate Savings Glut

FEDS Working Paper No. 2013-67
Number of pages: 59 Posted: 06 Nov 2013
Antonio Falato, Dalida Kadyrzhanova and Jae Sim
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 646 (65,616)
Citation 86

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Asset intangibility, debt capacity, risk management, corporate cash hoarding, (S,s) adjustment

2.

Distracted Directors: Does Board Busyness Hurt Shareholder Value?

Number of pages: 51 Posted: 31 May 2013 Last Revised: 12 Dec 2013
Antonio Falato, Dalida Kadyrzhanova and Ugur Lel
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and University of Georgia - Department of Banking and Finance
Downloads 1,124 (31,248)
Citation 66

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Busy directors, multiple directorship, firm valuation, independent directors, director and CEO death

3.

Fire-Sale Spillovers in Debt Markets

Journal of Finance, Forthcoming
Number of pages: 86 Posted: 21 Dec 2016 Last Revised: 14 Aug 2020
Antonio Falato, Ali Hortacsu, Dan Li and Chaehee Shin
Board of Governors of the Federal Reserve System, University of Chicago - Department of Economics, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 1,005 (36,574)
Citation 36

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asset management, fixed-income markets, fire-sales, identification of spillover effects

4.

Which Skills Matter in the Market for CEOs? Evidence from Pay for CEO Credentials

Number of pages: 63 Posted: 30 Oct 2010 Last Revised: 02 Apr 2015
Antonio Falato, Dan Li and Todd T. Milbourn
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Washington University in Saint Louis - Olin Business School
Downloads 677 (62,635)
Citation 50

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CEO pay, CEO labor market, CEO turnover

5.

Shareholder Power and the Decline of Labor

Downloads 591 (74,354)

Shareholder Power and the Decline of Labor

Number of pages: 58 Posted: 20 May 2022 Last Revised: 29 May 2022
Antonio Falato, Hyunseob Kim and Till Von Wachter
Board of Governors of the Federal Reserve System, Federal Reserve Bank of Chicago and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 585 (74,424)

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Shareholder power; institutional ownership; concentration; employment; payroll

Shareholder Power and the Decline of Labor

NBER Working Paper No. w30203
Number of pages: 59 Posted: 04 Jul 2022 Last Revised: 14 Apr 2023
Antonio Falato, Hyunseob Kim and Till Von Wachter
Board of Governors of the Federal Reserve System, Federal Reserve Bank of Chicago and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 6 (975,168)
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6.

Do Creditor Rights Increase Employment Risk? Evidence from Loan Covenants

Downloads 581 (76,001)
Citation 60

Do Creditor Rights Increase Employment Risk? Evidence from Loan Covenants

Journal of Finance, Forthcoming
Number of pages: 54 Posted: 31 Aug 2014 Last Revised: 25 Mar 2015
Antonio Falato and Nellie Liang
Board of Governors of the Federal Reserve System and Brookings Institution
Downloads 484 (94,266)
Citation 59

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real effects of financing, labor and finance, financial frictions over the business cycle

Do Creditor Rights Increase Employment Risk? Evidence from Debt Covenants

FEDS Working Paper No. 2012-42
Number of pages: 52 Posted: 18 Dec 2012
Antonio Falato and Nellie Liang
Board of Governors of the Federal Reserve System and Brookings Institution
Downloads 97 (431,843)
Citation 5

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covenant violations, employment

7.

Why Do Innovative Firms Hold So Much Cash? Evidence from Changes in State R&D Tax Credits

FEDS Working Paper No. 2014-72
Number of pages: 53 Posted: 02 Oct 2014
Antonio Falato and Jae Sim
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 537 (83,824)
Citation 19

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Determinants of corporate cash holdings, financial economics of innovation

8.

Superstars or Superlemons? Top Executive Pay and Corporate Acquisitions

AFA 2008 New Orleans Meetings Paper, EFA 2008 Athens Meetings Paper
Number of pages: 49 Posted: 05 Mar 2007
Antonio Falato
Board of Governors of the Federal Reserve System
Downloads 414 (114,537)
Citation 2

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Executive Compensation, Acquirer Returns, Agency

9.

Financial Fragility in the Covid-19 Crisis: The Case of Investment Funds in Corporate Bond Markets

Downloads 307 (159,169)
Citation 55

Financial Fragility in the Covid-19 Crisis: The Case of Investment Funds in Corporate Bond Markets

NBER Working Paper No. w27559
Number of pages: 65 Posted: 24 Jul 2020 Last Revised: 21 Apr 2023
Antonio Falato, Itay Goldstein and Ali Hortaçsu
Board of Governors of the Federal Reserve System, University of Pennsylvania - The Wharton School - Finance Department and University of Chicago
Downloads 186 (258,614)
Citation 3

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Financial Fragility in the COVID-19 Crisis: The Case of Investment Funds in Corporate Bond Markets

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2020-98, Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 66 Posted: 21 Jul 2020 Last Revised: 12 Aug 2021
Antonio Falato, Itay Goldstein and Ali Hortaçsu
Board of Governors of the Federal Reserve System, University of Pennsylvania - The Wharton School - Finance Department and University of Chicago
Downloads 121 (368,347)
Citation 1

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10.

Human Capitalists

Downloads 254 (193,244)
Citation 5

Human Capitalists

NBEER Macroeconomics Annual, Forthcoming
Number of pages: 69 Posted: 19 Sep 2019 Last Revised: 13 Jan 2023
Andrea L. Eisfeldt, Antonio Falato and Mindy Z. Xiaolan
UCLA Anderson School of Management, Board of Governors of the Federal Reserve System and University of Texas, Austin - Department of Finance
Downloads 239 (204,312)
Citation 4

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Human Capital, Labor Share, Equity Compensation, Factor Shares, Inequality

Human Capitalists

NBER Working Paper No. w28815
Number of pages: 70 Posted: 17 May 2021 Last Revised: 17 Jul 2022
Andrea L. Eisfeldt, Antonio Falato and Mindy Z. Xiaolan
UCLA Anderson School of Management, Board of Governors of the Federal Reserve System and University of Texas, Austin - Department of Finance
Downloads 15 (888,703)
Citation 1
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11.

Optimal CEO Incentives and Industry Dynamics

FEDS Working Paper No. 2012-78
Number of pages: 67 Posted: 08 Jan 2013
Antonio Falato and Dalida Kadyrzhanova
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 136 (336,104)
Citation 1

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CEO compensation, product market structure

12.

CEO Pay and the Market for CEOs

FEDS Working Paper No. 2012-39
Number of pages: 67 Posted: 18 Dec 2012
Antonio Falato, Todd T. Milbourn and Dan Li
Board of Governors of the Federal Reserve System, Washington University in Saint Louis - Olin Business School and Board of Governors of the Federal Reserve System
Downloads 130
Citation 8

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Determinants of CEO pay, CEO labor market

13.

The Loan Covenant Channel: How Bank Health Transmits to the Real Economy

Downloads 129 (349,851)
Citation 26

The Loan Covenant Channel: How Bank Health Transmits to the Real Economy

Journal of Finance, Forthcoming
Number of pages: 77 Posted: 19 Mar 2021
Gabriel Chodorow-Reich and Antonio Falato
Harvard University Department of Economics and Board of Governors of the Federal Reserve System
Downloads 93 (443,914)
Citation 1

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The Loan Covenant Channel: How Bank Health Transmits to the Real Economy

NBER Working Paper No. w23879
Number of pages: 73 Posted: 02 Oct 2017 Last Revised: 01 Apr 2023
Gabriel Chodorow-Reich and Antonio Falato
Harvard University Department of Economics and Board of Governors of the Federal Reserve System
Downloads 36 (713,087)
Citation 23

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14.

CEO Successions and Firm Performance in the US Financial Industry

FEDS Working Paper No. 2012-79
Number of pages: 37 Posted: 08 Jan 2013
Antonio Falato and Dalida Kadyrzhanova
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 102 (414,270)

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CEO labor market, corporate governance of financial firms

15.

Banks as Regulated Traders

FEDS Working Paper No. 2019-005R1
Number of pages: 85 Posted: 11 Feb 2019 Last Revised: 18 Aug 2021
Antonio Falato, Diana Iercosan and Filip Zikes
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 86 (462,416)
Citation 1

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Bank trading, Regulation, risk exposures, Systemic risk

16.

The Stock Market and Bank Risk-Taking

NBER Working Paper No. w22689
Number of pages: 59 Posted: 10 Oct 2016 Last Revised: 31 Dec 2022
Antonio Falato and David S. Scharfstein
Board of Governors of the Federal Reserve System and Harvard Business School - Finance Unit
Downloads 70 (520,409)

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17.

The Information Driven Financial Accelerator

Number of pages: 75 Posted: 17 Oct 2019 Last Revised: 09 Nov 2020
Antonio Falato and Jasmine Xiao
Board of Governors of the Federal Reserve System and University of Notre Dame - Department of Economics
Downloads 66 (536,915)

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learning, credit market volatility, business cycles