Kostas Koufopoulos

University of York

Heslington

York, YO1 5DD

United Kingdom

SCHOLARLY PAPERS

8

DOWNLOADS

581

SSRN CITATIONS

1

CROSSREF CITATIONS

0

Scholarly Papers (8)

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 138 (313,967)
Citation 1

Abstract:

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Collateral, Secured debt, Pledgeability

2.

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 87 (432,522)

Abstract:

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

3.

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 85 (438,644)

Abstract:

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

4.

Short-Term Debt Overhang

Number of pages: 57 Posted: 05 Dec 2022
Kostas Koufopoulos, Giulio Trigilia and Pavel Zryumov
University of York, University of Rochester - Simon Business School and University of Rochester - Simon Business School
Downloads 77 (464,560)

Abstract:

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

5.

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 67 (501,190)

Abstract:

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

6.

Can Information Imprecision Be Valuable? The Case Of Credit Ratings

Number of pages: 34 Posted: 07 Jun 2022 Last Revised: 01 Jul 2022
Swarnava Biswas, Kostas Koufopoulos and Anjan V. Thakor
University of Bristol, University of York and Washington University, Saint Louis - John M. Olin School of Business
Downloads 58 (542,746)

Abstract:

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

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 43 (611,941)

Abstract:

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Adverse selection, strictly positive profits, market breakdown

8.

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 26 (721,640)

Abstract:

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adverse selection, strictly positive profits, security design