Kostas Koufopoulos

University of York

Heslington

York, YO1 5DD

United Kingdom

SCHOLARLY PAPERS

9

DOWNLOADS

1,407

SSRN CITATIONS

3

CROSSREF CITATIONS

0

Scholarly Papers (9)

1.

Is There a Paradox of Pledgeability?

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 13 Posted: 19 Nov 2019 Last Revised: 21 Apr 2020
Dan Bernhardt, Kostas Koufopoulos and Giulio Trigilia
University of Illinois at Urbana-Champaign - Department of Economics, University of York and University of Rochester - Simon Business School
Downloads 244 (234,686)
Citation 2

Abstract:

Loading...

Collateral, Secured debt, Pledgeability

2.

Short-Term Debt Overhang

Number of pages: 65 Posted: 05 Dec 2022 Last Revised: 13 Oct 2023
Kostas Koufopoulos, Giulio Trigilia and Pavel Zryumov
University of York, University of Rochester - Simon Business School and University of Rochester - Simon Business School
Downloads 237 (241,541)

Abstract:

Loading...

debt overhang, adverse selection, capital structure, debt maturity, underinvestment

3.

Can Information Imprecision Be Valuable? The Case Of Credit Ratings

Olin Business School Center for Finance & Accounting Research Paper No. 2022/04
Number of pages: 36 Posted: 07 Jun 2022 Last Revised: 14 Jun 2024
Swarnava Biswas, Kostas Koufopoulos and Anjan V. Thakor
University of Bristol, University of York and Washington University in St. Louis - John M. Olin Business School
Downloads 152 (359,502)

Abstract:

Loading...

Credit ratings, Coarseness, Information precision, Adverse selection, Effort moral hazard

4.

The Pitfalls of Pledgeable Cash Flows: Soft Budget Constraints, Zombie Lending and Under-Investment

Number of pages: 30 Posted: 11 Mar 2021
Dan Bernhardt, Kostas Koufopoulos and Giulio Trigilia
University of Illinois at Urbana-Champaign - Department of Economics, University of York and University of Rochester - Simon Business School
Downloads 147 (369,356)

Abstract:

Loading...

Pledgeability, Investment Efficiency, Soft Budget Constraint, Asymmetric Information, Collateral, Zombie Lending, Under-Investment

5.

Asset complementarity and optimality of one-to-one negotiations when selling firms

Number of pages: 31 Posted: 29 May 2016 Last Revised: 23 Jun 2021
Jana P. Fidrmuc, Kostas Koufopoulos and Chunling Xia
Warwick Business School - Finance Group, University of York and Queen Mary University of London
Downloads 140 (383,935)

Abstract:

Loading...

Mergers and acquisitions; selling process; asset complementarity; optimality; auctions

6.

When do incomplete contracts matter?

Number of pages: 22 Posted: 22 Mar 2021
University of Leicester, University of York, NYU Shanghai and University of Rochester - Simon Business School
Downloads 129 (409,262)

Abstract:

Loading...

Implementation, renegotiation-proofness, incomplete contracts, hold- up, contracting with third-parties.

7.

Profiting from the Poor in Competitive Credit Markets With Adverse Selection

Number of pages: 35 Posted: 08 Jun 2020 Last Revised: 20 Jan 2021
Dan Bernhardt, Kostas Koufopoulos and Giulio Trigilia
University of Illinois at Urbana-Champaign - Department of Economics, University of York and University of Rochester - Simon Business School
Downloads 125 (419,000)

Abstract:

Loading...

Adverse selection, strictly positive profits, market breakdown

8.

Bank Response to Higher Capital Requirements Under Anticipated Adverse Selection

Number of pages: 30 Posted: 15 Nov 2023
Swarnava Biswas, Kostas Koufopoulos and Songshan Li
University of Bristol, University of York and University of York
Downloads 124 (421,529)

Abstract:

Loading...

Securitization, Off-balance sheet activities, Variable Interest Entity, Capital requirements.

9.

Separating Equilibria, Positive Profits and Security Design

Number of pages: 18 Posted: 28 Sep 2020
Dan Bernhardt, Kostas Koufopoulos and Giulio Trigilia
University of Illinois at Urbana-Champaign - Department of Economics, University of York and University of Rochester - Simon Business School
Downloads 109 (464,101)

Abstract:

Loading...

adverse selection, strictly positive profits, security design