Regina Wittenberg Moerman

Northwestern University

2001 Sheridan Road

Evanston, IL 60208

United States

SCHOLARLY PAPERS

31

DOWNLOADS
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Top 3,541

in Total Papers Downloads

20,853

TOTAL CITATIONS
Rank 2,134

SSRN RANKINGS

Top 2,134

in Total Papers Citations

504

Scholarly Papers (31)

1.

The Impact of Financial Reporting Quality on Debt Contracting: Evidence from Internal Control Weakness Reports

Journal of Accounting Research, forthcoming.
Number of pages: 52 Posted: 18 Aug 2009 Last Revised: 07 Sep 2010
Anna M. Costello and Regina Wittenberg Moerman
University of Michigan, Stephen M. Ross School of Business and Northwestern University
Downloads 2,698 (10,536)
Citation 110

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financial reporting quality, debt contracting, internal control reports, a material internal control weakness, the syndicated loan market

2.

The Role of Information Asymmetry and Financial Reporting Quality in Debt Trading: Evidence from the Secondary Loan Market

The Journal of Accounting & Economics (JAE), Forthcoming
Number of pages: 55 Posted: 24 Jan 2006 Last Revised: 21 Sep 2008
Regina Wittenberg Moerman
Northwestern University
Downloads 1,518 (25,961)
Citation 68

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secondary loan trading, syndicated loans, information asymmetry, timely loss recognition, accounting conservatism

3.

Accounting Quality and Debt Concentration

Ningzhong Li, Yun Lou, Clemens A Otto, and Regina Wittenberg-Moerman (2020) Accounting Quality and Debt Concentration. The Accounting Review. DOI/10.2308/tar-2017-0250, Forthcoming , Singapore Management University School of Accountancy Research Paper No. 2020-113
Number of pages: 52 Posted: 02 Dec 2014 Last Revised: 13 Jul 2020
Ningzhong Li, Yun Lou, Clemens A. Otto and Regina Wittenberg Moerman
University of Texas at Dallas, Singapore Management University - School of Accountancy, Singapore Management University - Lee Kong Chian School of Business and Northwestern University
Downloads 1,371 (30,237)
Citation 4

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4.

The Impact of Information Asymmetry on Debt Pricing and Maturity

Number of pages: 63 Posted: 20 Jan 2006 Last Revised: 11 Nov 2009
Regina Wittenberg Moerman
Northwestern University
Downloads 1,364 (30,458)
Citation 10

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information asymmetry, cost of capital, cost of debt capital, debt maturity, disclosure, financial reporting quality, syndicated loans, loan trading

Accounting Information in Financial Contracting: The Incomplete Contract Theory Perspective

Journal of Accounting Research, 54, 2016
Number of pages: 59 Posted: 13 Oct 2015 Last Revised: 10 Jun 2016
Hans Bonde Christensen, Valeri V. Nikolaev and Regina Wittenberg Moerman
University of Chicago - Booth School of Business, University of Chicago Booth School of Business and Northwestern University
Downloads 1,138 (38,988)
Citation 37

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Financial contracting, incomplete contracts, accounting-based covenants, control allocation, contracting on accounting information

Accounting Information in Financial Contracting: The Incomplete Contract Theory Perspective

Journal of Accounting Research, Vol. 54, No. 2, 2016
Posted: 15 Jul 2016
Hans Bonde Christensen, Regina Wittenberg Moerman and Valeri V. Nikolaev
University of Chicago - Booth School of Business, Northwestern University and University of Chicago Booth School of Business

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financial contracting, incomplete contracts, accounting-based covenants, control allocation, contracting on accounting information

Credit Default Swaps and Managers’ Voluntary Disclosure

Journal of Accounting Research, 2018
Number of pages: 51 Posted: 09 Jun 2014 Last Revised: 13 Jan 2018
Jae B. Kim, Pervin K. Shroff, Dushyantkumar Vyas and Regina Wittenberg Moerman
Lehigh University - College of Business & Economics, University of Minnesota - Twin Cities - Carlson School of Management, University of Toronto - Rotman School of Management and Northwestern University
Downloads 977 (48,515)
Citation 38

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the CDS market; actively traded CDS contracts; voluntary disclosures; earnings forecasts; firm-initiated press releases

Credit Default Swaps and Managers’ Voluntary Disclosure

Journal of Accounting Research, Vol. 56, No. 3, 2018
Posted: 15 Aug 2018
Jae B. Kim, Pervin K. Shroff, Dushyantkumar Vyas and Regina Wittenberg Moerman
Lehigh University - College of Business & Economics, University of Minnesota - Twin Cities - Carlson School of Management, University of Toronto - Rotman School of Management and Northwestern University

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CDS Market, Credit Default Swaps, CDS Trading Initiation, Bank Monitoring, Private Lender Monitoring, Voluntary Disclosures, Earnings Forecasts, Management Forecasts

7.

Media Coverage and the Stock Market Valuation of TARP Participating Banks

European Accounting Review Forthcoming, Chicago Booth Research Paper No. 10-10
Number of pages: 47 Posted: 07 Mar 2010 Last Revised: 12 Mar 2015
Jeffrey Ng, Florin P. Vasvari and Regina Wittenberg Moerman
The University of Hong Kong - Faculty of Business and Economics, London Business School and Northwestern University
Downloads 968 (49,910)
Citation 19

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Capital Purchase Program, Capital Infusion, Valuation, Investor Sentiment, Media

The Informational Role of the Media in Private Lending

Journal of Accounting Research, Forthcoming
Number of pages: 54 Posted: 05 Jan 2014 Last Revised: 10 Jun 2016
Robert M. Bushman, Christopher D. Williams and Regina Wittenberg Moerman
University of North Carolina Kenan-Flagler Business School, University of Michigan, Stephen M. Ross School of Business and Northwestern University
Downloads 937 (51,342)
Citation 87

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media, relationship lending, syndicate structure, lead arranger, sentiment

The Informational Role of the Media in Private Lending

Journal of Accounting Research, Vol. 55, No. 1, March 2017
Posted: 25 Jul 2017
Robert M. Bushman, Christopher D. Williams and Regina Wittenberg Moerman
University of North Carolina Kenan-Flagler Business School, University of Michigan, Stephen M. Ross School of Business and Northwestern University

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Media; Relationship Lending; Syndicate Structure; Lead Arranger; Sentiment

9.

Debt Analysts’ Views of Debt-Equity Conflicts of Interest

The Accounting Review, Forthcoming, Chicago Booth Research Paper No. 10-13
Number of pages: 54 Posted: 15 Mar 2010 Last Revised: 30 Sep 2013
Gus De Franco, Florin P. Vasvari, Dushyantkumar Vyas and Regina Wittenberg Moerman
Purdue University, London Business School, University of Toronto - Rotman School of Management and Northwestern University
Downloads 839 (60,687)
Citation 6

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debt analysts, equity analysts, debt-equity conflict events, bond volume, bond yield, CDS spreads

10.

Price Discovery and Dissemination of Private Information by Loan Syndicate Participants

Journal of Accounting Research, Vol. 48 No. 5 December 2010
Number of pages: 71 Posted: 22 Mar 2009 Last Revised: 07 Sep 2017
Robert M. Bushman, Abbie J. Smith and Regina Wittenberg Moerman
University of North Carolina Kenan-Flagler Business School, University of Chicago - Booth School of Business and Northwestern University
Downloads 736 (72,302)
Citation 10

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price discovery, syndicated loan market, private information in the loan market, institutional investors, earnings announcements, secondary loan market

11.

Does Secondary Loan Market Trading Destroy Lenders’ Incentives?

Chicago Booth Research Paper No. 09-45
Number of pages: 56 Posted: 03 Nov 2009 Last Revised: 02 Sep 2012
Robert M. Bushman and Regina Wittenberg Moerman
University of North Carolina Kenan-Flagler Business School and Northwestern University
Downloads 688 (78,784)
Citation 7

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syndicated loan market, secondary loan market, loan trading, lenders' incentives, originate-to-distribute model of bank credit, reputation of the lead arranger of syndication

12.

Making Sense of Soft Information: Interpretation Bias and Loan Quality

8th Miami Behavioral Finance Conference 2017, Harvard Business School Accounting & Management Unit Working Paper No. 18-110, Journal of Accounting & Economics (JAE), Forthcoming
Number of pages: 84 Posted: 24 Mar 2017 Last Revised: 11 Sep 2019
Dennis Campbell, Maria Loumioti and Regina Wittenberg Moerman
Harvard University - Accounting & Control Unit, The University of Texas at Dallas and Northwestern University
Downloads 676 (80,533)
Citation 12

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Soft information, credit outcomes, cognitive constraints, interpretation and processing bias

13.

Dynamic Threshold Values in Earnings-Based Covenants

Journal of Accounting & Economics (JAE), Forthcoming, Chicago Booth Research Paper No. 12-40
Number of pages: 55 Posted: 14 Aug 2012 Last Revised: 24 Jul 2015
Ningzhong Li, Florin P. Vasvari and Regina Wittenberg Moerman
University of Texas at Dallas, London Business School and Northwestern University
Downloads 624 (89,186)
Citation 22

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syndicated loans, financial covenants, covenant threshold trend, signaling hypothesis, incomplete debt contracting theory

14.

The Role of Bank Reputation in 'Certifying' Future Performance Implications of Borrowers' Accounting Numbers

Journal of Accounting Research, 2012, Volume 50, Issue 4, 883-930.
Number of pages: 69 Posted: 03 Jan 2011 Last Revised: 16 May 2016
Robert M. Bushman and Regina Wittenberg Moerman
University of North Carolina Kenan-Flagler Business School and Northwestern University
Downloads 623 (89,380)
Citation 22

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bank reputation, earnings quality, earnings persistence, syndicated loan market, debt contracting, bank certification, arranger of syndication

15.

The Informational Role of Bond Analysts

Journal of Accounting Research, Forthcoming
Number of pages: 55 Posted: 20 Mar 2008 Last Revised: 13 Jul 2009
Gus De Franco, Florin P. Vasvari and Regina Wittenberg Moerman
Purdue University, London Business School and Northwestern University
Downloads 603 (93,220)
Citation 3

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bond analysts reports, bond analysts recommendations, bond market reactions

16.

Similarity in Bond Covenants

Rotman School of Management Working Paper No. 2288723
Number of pages: 67 Posted: 04 Jul 2013 Last Revised: 02 Jul 2016
Gus De Franco, Florin P. Vasvari, Dushyantkumar Vyas and Regina Wittenberg Moerman
Purdue University, London Business School, University of Toronto - Rotman School of Management and Northwestern University
Downloads 565 (101,257)
Citation 4

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Covenants, Covenant Restrictiveness, Comparability, Similarity, Bond Yields

17.

Institutional Dual-Holders and Managers’ Earnings Disclosure

Forthcoming, The Accounting Review https://doi.org/10.2308/TAR-2019-0623
Number of pages: 56 Posted: 22 Oct 2019 Last Revised: 10 Jun 2021
Leila Peyravan and Regina Wittenberg Moerman
Rice University - Jesse H. Jones Graduate School of Business and Northwestern University
Downloads 507 (115,708)
Citation 8

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Dual-holders, disclosure, informed trading

18.

The Effect of Information Opacity and Accounting Irregularities on Personal Lending Relationships: Evidence From Lender and Manager Co-migration

The Accounting Review, Forthcoming
Number of pages: 79 Posted: 08 Dec 2015 Last Revised: 05 Oct 2018
Urooj Khan, Xinlei Li, Christopher D. Williams and Regina Wittenberg Moerman
University of Texas at Austin - McCombs School of Business, University of California, Davis, University of Michigan, Stephen M. Ross School of Business and Northwestern University
Downloads 480 (123,568)
Citation 8

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Bank lending, lender-manager relationship, debt contracting, information environment, accounting irregularity

Community Membership and Reciprocity in Lending: Evidence from Informal Markets

Journal of Accounting & Economics (JAE), Forthcoming
Number of pages: 100 Posted: 28 Jan 2021 Last Revised: 09 Apr 2024
Rimmy E. Tomy and Regina Wittenberg Moerman
University of Chicago and Northwestern University
Downloads 372 (164,561)

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Trade Credit, Informal Economies, Lending, Reciprocity, India, Iewduh, Social Capital, Asymmetric Information

Community Membership and Reciprocity in Lending: Evidence from Informal Markets

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2021-114
Number of pages: 79 Posted: 30 Sep 2021
Rimmy E. Tomy and Regina Wittenberg Moerman
University of Chicago and Northwestern University
Downloads 54 (782,014)

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Trade Credit, Informal Economies, Lending, Reciprocity, India, Iewduh, Community Enforcement, Asymmetric Information

20.

Digital Lending and Financial Well-Being: Through the Lens of Mobile Phone Data

Harvard Business School Accounting & Management Unit Working Paper No. 23-076
Number of pages: 57 Posted: 06 Jun 2023 Last Revised: 13 Nov 2024
AJ Chen, Omri Even-Tov, Jung Koo Kang and Regina Wittenberg Moerman
Marshall School of Business - University of Southern California, Haas School of Business - UC Berkeley, Harvard Business School and Northwestern University
Downloads 352 (176,461)

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Information Asymmetry, Big Data, Digital Loan, Digital Credit, Access to Credit, Financial Welfare, Financial Well-Being, Developing Economies, Mobile Phone Data

21.

Exposure to Superstar Firms and Financial Distress

Accepted at Review of Accounting Studies
Number of pages: 77 Posted: 19 Jul 2023 Last Revised: 11 Aug 2024
Stephanie F. Cheng, Dushyantkumar Vyas, Regina Wittenberg Moerman and Wuyang Zhao
Tulane University - A.B. Freeman School of Business, University of Toronto - Rotman School of Management, Northwestern University and McGill University - Desautels Faculty of Management
Downloads 343 (181,523)

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Superstar Firms, Financial Distress, Bankruptcy, Financial Performance, Innovation, Product Market Exposure

Information Preference and Credit Allocation in a Bazaar Economy

Chicago Booth Research Paper No. 23-03
Number of pages: 68 Posted: 18 Jan 2023 Last Revised: 03 Jan 2024
Rimmy E. Tomy and Regina Wittenberg Moerman
University of Chicago and Northwestern University
Downloads 246 (254,985)

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Accounting Information, Information Asymmetry, Lending, Debt Markets, Informal Economies, India, Iewduh, Trade Credit, Choice Experiment, Bayesian Methods

Access to Credit in Informal Economies: Does Financial Information Matter?

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2023-12
Number of pages: 74 Posted: 25 Jan 2023
Rimmy E. Tomy and Regina Wittenberg Moerman
University of Chicago and Northwestern University
Downloads 93 (580,259)

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Financial Information, Community, Informal Economies, Lending, India, Iewduh, Trade Credit, Choice Experiment, Bayesian Methods

23.

Strategic Syndication: Is Bad News Shared in Loan Syndicates?

Review of Accounting Studies (Forthcoming)
Number of pages: 58 Posted: 23 Sep 2020 Last Revised: 09 Mar 2022
Andrea K. Down, Christopher D. Williams and Regina Wittenberg Moerman
University of Toronto - Rotman School of Management, University of Michigan, Stephen M. Ross School of Business and Northwestern University
Downloads 332 (187,997)
Citation 1

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Syndicated loan market, Lead arrangers, Disclosure, FDA, Informational advantage, Syndicate participants

Enhancing Loan Quality Through Transparency: Evidence from the European Central Bank Loan Level Reporting Initiative

Journal of Accounting Research, 2017
Number of pages: 56 Posted: 12 Dec 2015 Last Revised: 16 Dec 2016
Aytekin Ertan, Maria Loumioti and Regina Wittenberg Moerman
London Business School, The University of Texas at Dallas and Northwestern University
Downloads 312 (199,214)
Citation 13

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Securitization; Asset-backed securities; Transparency; Credit risk; Credit standards; Loan quality

Enhancing Loan Quality Through Transparency: Evidence from the European Central Bank Loan Level Reporting Initiative

Journal of Accounting Research, Vol. 55, No. 4, 2017
Posted: 14 Nov 2017
Aytekin Ertan, Maria Loumioti and Regina Wittenberg Moerman
London Business School, The University of Texas at Dallas and Northwestern University

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securitization; asset-backed securities; transparency; credit risk; credit standards; loan quality

The Harmonization of Lending Standards within Banks through Mandated Loan-Level Transparency

Journal of Accounting & Economics (JAE), Vol. 71, No. 1, 2021
Number of pages: 54 Posted: 05 Jun 2019 Last Revised: 04 Jan 2021
Jung Koo Kang, Maria Loumioti and Regina Wittenberg Moerman
Harvard Business School, The University of Texas at Dallas and Northwestern University
Downloads 181 (341,769)
Citation 8

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transparency, external and internal reporting, credit term harmonization, learning, regulatory scrutiny

Lifting the Banking Veil: Credit Standards’ Harmonization Through Lending Transparency

Number of pages: 80 Posted: 24 Jan 2020
Jung Koo Kang, Maria Loumioti and Regina Wittenberg Moerman
Harvard Business School, The University of Texas at Dallas and Northwestern University
Downloads 109 (519,047)
Citation 1

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credit market, harmonization, learning, regulatory scrutiny, transparency

26.

Lender Learning and the Public Equity Market

University of Miami Business School Research Paper No. 4591443
Number of pages: 50 Posted: 19 Oct 2023 Last Revised: 05 Dec 2023
Emmanuel T. De George, John Donovan, Matthew Phillips and Regina Wittenberg Moerman
University of Miami - Department of Accounting, University of Notre Dame - Department of Accountancy, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Northwestern University
Downloads 270 (233,491)

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27.

Non-Fundamental Loan Renegotiations

Number of pages: 54 Posted: 18 Sep 2024 Last Revised: 04 Nov 2024
AJ Chen, Matthew Phillips, Regina Wittenberg Moerman and Tiange Ye
Marshall School of Business - University of Southern California, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Northwestern University and University of Southern California - Marshall School of Business
Downloads 259 (243,528)

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private loans, liquidity, renegotiation, non-fundamental demand, institutional lender demand, nonbank lenders, institutional investors, debt financing

28.

Contracting in the Dark: The Rise of Public-Side Lenders in the Syndicated Loan Market

Amiraslani, H., Donovan, J., Phillips, M. A., Wittenberg-Moerman, R., 2023. Contracting in the dark: The rise of public-side lenders in the syndicated loan market. Journal of Accounting and Economics 76, 101586
Number of pages: 60 Posted: 06 Oct 2021 Last Revised: 04 Aug 2023
Hami Amiraslani, John Donovan, Matthew Phillips and Regina Wittenberg Moerman
INSEAD, University of Notre Dame - Department of Accountancy, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Northwestern University
Downloads 191 (325,951)
Citation 6

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public-side lenders, private information, information barriers, institutional investors, syndicated lending, information asymmetry

29.

Unexpected Defaults: The Role of Information Opacity

Review of Accounting Studies, forthcoming, Singapore Management University School of Accountancy Research Paper No. 2025-187
Number of pages: 67 Posted: 02 Jun 2023 Last Revised: 11 Feb 2025
Aytekin Ertan, Yun Lee and Regina Wittenberg Moerman
London Business School, Singapore Management University and Northwestern University
Downloads 189 (329,107)

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bond defaults, unexpected defaults, recovery, spillover, information opacity, transparency, financial reporting, voluntary disclosure, information environment

30.

CDS Trading and Non-Relationship Lending Dynamics

Review of Accounting Studies (Forthcoming)
Number of pages: 47 Posted: 09 Apr 2020
Jung Koo Kang, Christopher D. Williams and Regina Wittenberg Moerman
Harvard Business School, University of Michigan, Stephen M. Ross School of Business and Northwestern University
Downloads 179 (345,848)

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credit default swaps, CDS market, non-relationship lending, debt contracts, adverse selection, bank monitoring, cross-selling

31.

Chapter 16: The role of financial reporting in debt markets

Forthcoming. Handbook on the Financial Reporting Environment (edited by W. Ge, A. Koester, and S. McVay, 2025), Edward Elgar Publishing Ltd. 
Number of pages: 41 Posted: 03 Jan 2025
Matthew Phillips and Regina Wittenberg Moerman
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Northwestern University
Downloads 59 (734,220)

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Debt financing, credit risk assessment, loan contracting, corporate bonds, credit rating agencies, financial reporting quality