Victoria Ivashina

Harvard University

Assistant Professor

Harvard Business School

Baker Library 233

Boston, MA 02163

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

28

DOWNLOADS
Rank 444

SSRN RANKINGS

Top 444

in Total Papers Downloads

39,199

CITATIONS
Rank 1,296

SSRN RANKINGS

Top 1,296

in Total Papers Citations

427

Scholarly Papers (28)

1.

Bank Lending During the Financial Crisis of 2008

EFA 2009 Bergen Meetings Paper, Journal of Financial Economics (JFE), Vol. 97, 319-338, 2010
Number of pages: 45 Posted: 10 Nov 2008 Last Revised: 15 Feb 2018
Victoria Ivashina and David S. Scharfstein
Harvard University and Harvard Business School - Finance Unit
Downloads 10,498 (364)
Citation 167

Abstract:

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Bank Lending, Financial Crisis

The Disintermediation of Financial Markets: Direct Investing in Private Equity

Journal of Financial Economics (JFE), 116 (1), 160-178, 2015
Number of pages: 49 Posted: 09 Oct 2012 Last Revised: 15 Feb 2018
Lily H. Fang, Victoria Ivashina and Josh Lerner
INSEAD - Finance, Harvard University and Harvard Business School - Finance Unit
Downloads 5,764 (1,069)
Citation 4

Abstract:

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Financial Intermediation, Private Equity, Direct Investment, Co-investment

The Disintermediation of Financial Markets: Direct Investing in Private Equity

NBER Working Paper No. w19299
Number of pages: 52 Posted: 10 Aug 2013
Lily H. Fang, Victoria Ivashina and Josh Lerner
INSEAD - Finance, Harvard University and Harvard Business School - Finance Unit
Downloads 57 (350,328)
Citation 4

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3.

The Private Equity Advantage: Leveraged Buyout Firms and Relationship Banking

EFA 2008 Athens Meetings Paper, Review of Financial Studies, 24 (7), 2462-2498, 2011
Number of pages: 60 Posted: 29 Feb 2008 Last Revised: 15 Feb 2018
Victoria Ivashina and Anna Kovner
Harvard University and Federal Reserve Bank of New York
Downloads 3,535 (2,513)
Citation 31

Abstract:

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Private equity; leveraged buyouts; bank debt; relationship banking

4.

Asymmetric Information Effects on Loan Spreads

Journal of Financial Economics 92 (2009), pp. 300-319
Number of pages: 42 Posted: 18 Nov 2005 Last Revised: 31 Jul 2009
Victoria Ivashina
Harvard University
Downloads 2,539 (4,443)
Citation 62

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Banks, Syndicated loans, Asymmetric information

5.
Downloads 1,792 ( 8,064)
Citation 18

Bank Debt and Corporate Governance

EFA 2004 Maastricht Meetings Paper No. 4601, Review of Financial Studies
Number of pages: 66 Posted: 20 Jul 2004 Last Revised: 22 Jan 2009
Victoria Ivashina, Vinay B. Nair, Anthony Saunders and Nadia Massoud
Harvard University, University of Pennsylvania - Finance Department, New York University - Leonard N. Stern School of Business and Melbourne Business School, University of Melbourne
Downloads 1,792 (7,897)
Citation 18

Abstract:

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Banks, Corporate Governance, Takeovers, Conflicts of Interest

Bank Debt and Corporate Governance

The Review of Financial Studies, Vol. 22, Issue 1, pp. 41-77, 2009
Posted: 03 Jan 2009
Harvard University, University of Pennsylvania - Finance Department, New York University - Leonard N. Stern School of Business, Melbourne Business School, University of Melbourne and Iowa State University - Department of Accounting and Finance

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G10, G20, G21, G34

6.

Combining Banking with Private Equity Investing

AFA 2011 Denver Meetings Paper, Harvard Business School Finance Working Paper No. 10-106, Review of Financial Studies, 26 (9), 2137-2173, 2013
Number of pages: 47 Posted: 18 Mar 2010 Last Revised: 15 Feb 2018
Lily H. Fang, Victoria Ivashina and Josh Lerner
INSEAD - Finance, Harvard University and Harvard Business School - Finance Unit
Downloads 1,570 (9,987)
Citation 7

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Private equity, LBO, Banks, Bank regulation

7.
Downloads 1,507 ( 10,669)
Citation 11

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 1,446 (11,160)
Citation 10

Abstract:

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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 46 (386,776)
Citation 11

Abstract:

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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: 08 Apr 2013
Bo Becker and Victoria Ivashina
Stockholm School of Economics and Harvard University
Downloads 15 (540,557)
Citation 11

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8.

Loan Syndication and Credit Cycles

American Economic Review, Forthcoming
Number of pages: 11 Posted: 20 Jan 2010
Victoria Ivashina and David S. Scharfstein
Harvard University and Harvard Business School - Finance Unit
Downloads 1,500 (10,754)
Citation 12

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Banks, Credit, Syndicated loans

9.
Downloads 1,481 ( 10,955)
Citation 20

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 1,454 (11,077)
Citation 19

Abstract:

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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
Bo Becker and Victoria Ivashina
Stockholm School of Economics and Harvard University
Downloads 27 (468,508)
Citation 20

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10.

The Ownership and Trading of Debt Claims in Chapter 11 Restructurings

Journal of Financial Economics (JFE), 119 (2), 316-335, 2015
Number of pages: 47 Posted: 19 Mar 2010 Last Revised: 17 Jan 2017
Victoria Ivashina, Benjamin Charles Iverson and David C. Smith
Harvard University, Brigham Young University and University of Virginia - McIntire School of Commerce
Downloads 1,370 (12,452)
Citation 6

Abstract:

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Chapter 11; Ownership structure; Distressed debt; Trading in bankruptcy

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 1,245 (14,144)

Abstract:

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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 2 (625,990)
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Credit cycles, financial repression, Sovereign debt

12.

Institutional Stock Trading on Loan Market Information

AFA 2008 New Orleans Meetings Paper, EFA 2007 Ljubljana Meetings, Journal of Financial Economics (JFE), 100 (2), 284-303, 2011
Number of pages: 55 Posted: 18 Dec 2007 Last Revised: 15 Feb 2018
Victoria Ivashina and Zheng Sun
Harvard University and University of California, Irvine - Paul Merage School of Business
Downloads 1,168 (15,980)
Citation 35

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Institutional investors, Syndicated loans, Insider trading

13.
Downloads 1,075 ( 18,063)
Citation 14

Securitization without Adverse Selection: The Case of CLOs

AFA 2010 Atlanta Meetings Paper, Journal of Financial Economics (JFE), Vol. 106 (1), 91-113, 2012
Number of pages: 58 Posted: 16 Feb 2009 Last Revised: 15 Feb 2018
Efraim Benmelech, Jennifer Dlugosz and Victoria Ivashina
Northwestern University - Kellogg School of Management, Washington University in St. Louis - John M. Olin Business School and Harvard University
Downloads 1,028 (18,910)
Citation 14

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Structured finance, Collateralized loan obligations (CLOs), CDOs, Syndicated loans

Securitization Without Adverse Selection: The Case of Clos

NBER Working Paper No. w16766
Number of pages: 46 Posted: 07 Feb 2011 Last Revised: 09 Feb 2011
Efraim Benmelech, Jennifer Dlugosz and Victoria Ivashina
Northwestern University - Kellogg School of Management, Washington University in St. Louis - John M. Olin Business School and Harvard University
Downloads 47 (383,254)
Citation 14

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14.

Institutional Demand Pressure and the Cost of Corporate Loans

Journal of Financial Economics (JFE), 99 (3), 500-522, 2011
Number of pages: 60 Posted: 16 Nov 2008 Last Revised: 15 Feb 2018
Victoria Ivashina and Zheng Sun
Harvard University and University of California, Irvine - Paul Merage School of Business
Downloads 894 (23,723)
Citation 24

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Institutional investors, syndicated loans, LBO, credit crisis

Dollar Funding and the Lending Behavior of Global Banks

Quarterly Journal of Economics, 130 (3), 1241-1281, 2015
Number of pages: 46 Posted: 06 Nov 2012 Last Revised: 15 Feb 2018
Victoria Ivashina, David S. Scharfstein and Jeremy C. Stein
Harvard University, Harvard Business School - Finance Unit and Harvard University - Department of Economics
Downloads 677 (34,478)
Citation 8

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Banks, Global Banks, Credit Supply, Dollar Funding

Dollar Funding and the Lending Behavior of Global Banks

Quarterly Journal of Economics, Forthcoming
Number of pages: 51 Posted: 06 Jan 2013 Last Revised: 11 Mar 2015
Victoria Ivashina, David S. Scharfstein and Jeremy C. Stein
Harvard University, Harvard Business School - Finance Unit and Harvard University - Department of Economics
Downloads 165 (170,228)
Citation 8

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Covered Interest Parity; Dollar Funding; Credit Supply; Global Banks

Dollar Funding and the Lending Behavior of Global Banks

NBER Working Paper No. w18528
Number of pages: 47 Posted: 11 Nov 2012
Victoria Ivashina, David S. Scharfstein and Jeremy C. Stein
Harvard University, Harvard Business School - Finance Unit and Harvard University - Department of Economics
Downloads 5 (602,056)
Citation 8

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Pay Now or Pay Later?: The Economics within the Private Equity Partnership

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 51 Posted: 02 Apr 2016 Last Revised: 15 Feb 2018
Victoria Ivashina and Josh Lerner
Harvard University and Harvard Business School - Finance Unit
Downloads 537 (46,768)

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Partnerships, venture capital, leveraged buyout

Pay Now or Pay Later?: The Economics within the Private Equity Partnership

NBER Working Paper No. w22660
Number of pages: 51 Posted: 26 Sep 2016 Last Revised: 02 Oct 2016
Victoria Ivashina and Josh Lerner
Harvard University and Harvard Business School - Finance Unit
Downloads 12 (559,394)

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17.
Downloads 407 ( 66,802)
Citation 1

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 249 (114,986)
Citation 1

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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 158 (176,652)
Citation 1

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Credit cycles; Loan contracts; Debt Covenants

18.
Downloads 354 ( 78,632)

Large Banks and Small Firm Lending

Number of pages: 52 Posted: 11 Nov 2015 Last Revised: 21 Oct 2018
Vitaly Bord, Victoria Ivashina and Ryan Taliaferro
Harvard University, Harvard University and Acadian Asset Management
Downloads 342 (81,269)

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Small Firms, Credit Supply, Banking Competition.

Large Banks and Small Firm Lending

NBER Working Paper No. w25184
Number of pages: 53 Posted: 22 Oct 2018 Last Revised: 26 Oct 2018
Vitaly Bord, Victoria Ivashina and Ryan Taliaferro
Harvard University, Harvard University and Acadian Asset Management
Downloads 12 (559,394)
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19.

Monetary Policy and Global Banking

Number of pages: 51 Posted: 29 Jun 2016 Last Revised: 25 Dec 2016
Falk Bräuning and Victoria Ivashina
Federal Reserve Banks - Federal Reserve Bank of Boston and Harvard University
Downloads 311 (91,076)

Abstract:

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Global banks; monetary policy transmission; cross-border lending

20.

U.S. Monetary Policy and Emerging Markets Credit Cycles

Number of pages: 45 Posted: 05 Jun 2017 Last Revised: 15 May 2018
Falk Bräuning and Victoria Ivashina
Federal Reserve Banks - Federal Reserve Bank of Boston and Harvard University
Downloads 288 (99,092)

Abstract:

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Global Business Cycle, Monetary Policy, Emerging Markets, Reaching for Yield

21.

Trade Creditors' Information Advantage

Number of pages: 50 Posted: 01 Feb 2018
Victoria Ivashina and Benjamin Charles Iverson
Harvard University and Brigham Young University
Downloads 180 (157,444)

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Trade Credit, Distress, Bankruptcy

22.
Downloads 124 (214,519)
Citation 7

Combining Banking with Private Equity Investing

Review of Financial Studies, Vol. 26 (9), 2139-2173, June 2013
Number of pages: 47 Posted: 19 Sep 2014 Last Revised: 15 Feb 2018
Lily H. Fang, Victoria Ivashina and Josh Lerner
INSEAD - Finance, Harvard University and Harvard Business School - Finance Unit
Downloads 104 (245,058)
Citation 7

Abstract:

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Private equity, banks, credit cycles

Combining Banking with Private Equity Investing

NBER Working Paper No. w19300
Number of pages: 48 Posted: 10 Aug 2013
Lily H. Fang, Victoria Ivashina and Josh Lerner
INSEAD - Finance, Harvard University and Harvard Business School - Finance Unit
Downloads 20 (509,925)
Citation 7

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23.

Weak Credit Covenants

Number of pages: 37 Posted: 09 Aug 2018
Victoria Ivashina and Boris Vallee
Harvard University and Harvard Business School - Finance Unit
Downloads 54 (354,394)

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Loan Contracts, Debt Covenants, Creditor Governance, Leveraged Buyouts

U. S. Monetary Policy and Emerging Market Credit Cycles

FRB of Boston Working Paper No. 17-9
Number of pages: 44 Posted: 09 Nov 2017
Falk Bräuning and Victoria Ivashina
Federal Reserve Banks - Federal Reserve Bank of Boston and Harvard University
Downloads 46 (386,776)

Abstract:

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global business cycle, monetary policy, emerging markets, reaching for yield

U.S. Monetary Policy and Emerging Market Credit Cycles

NBER Working Paper No. w25185
Number of pages: 53 Posted: 22 Oct 2018
Falk Bräuning and Victoria Ivashina
Federal Reserve Banks - Federal Reserve Bank of Boston and Harvard University
Downloads 5 (602,056)
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25.
Downloads 32 (432,743)

Monetary Policy and Global Banking

FRB of Boston Working Paper No. 17-5
Number of pages: 55 Posted: 19 Jul 2017
Falk Bräuning and Victoria Ivashina
Federal Reserve Banks - Federal Reserve Bank of Boston and Harvard University
Downloads 22 (497,633)

Abstract:

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global banks, monetary policy transmission, cross‐border lending

Monetary Policy and Global Banking

NBER Working Paper No. w23316
Number of pages: 54 Posted: 10 Apr 2017
Falk Bräuning and Victoria Ivashina
Federal Reserve Banks - Federal Reserve Bank of Boston and Harvard University
Downloads 10 (571,663)
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26.

Trade Creditors’ Information Advantage

NBER Working Paper No. w24269
Number of pages: 50 Posted: 29 Jan 2018
Victoria Ivashina and Benjamin Charles Iverson
Harvard University and Brigham Young University
Downloads 5 (575,830)
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27.

Momentive Performance Materials, Inc.

Harvard Business School Finance Case No. 210-081
Posted: 07 Feb 2012
Victoria Ivashina and David S. Scharfstein
Harvard University and Harvard Business School - Finance Unit

Abstract:

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28.

Delphi Corp. and the Credit Derivatives Market (A)

HBS Case No. 210-002, Harvard Business School Finance Unit
Posted: 22 Jul 2009
Stuart C. Gilson, Victoria Ivashina and Sarah Abbott
Harvard Business School - Finance Unit, Harvard University and Harvard Business School

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