Ambrus Kecskes

York University - Schulich School of Business

Associate Professor of Finance

4700 Keele Street

Toronto, Ontario M3J 1P3

Canada

SCHOLARLY PAPERS

13

DOWNLOADS
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Top 2,559

in Total Papers Downloads

11,365

CITATIONS
Rank 7,323

SSRN RANKINGS

Top 7,323

in Total Papers Citations

65

Scholarly Papers (13)

Do Long-Term Investors Improve Corporate Decision Making?

Finance Down Under 2015 Building on the Best from the Cellars of Finance Paper, Asian Finance Association 2015 Conference Paper
Number of pages: 81 Posted: 05 Oct 2014 Last Revised: 19 Jan 2017
Jarrad Harford, Ambrus Kecskes and Sattar Mansi
University of Washington, York University - Schulich School of Business and Virginia Tech
Downloads 1,534 (8,507)

Abstract:

Agency problems; Monitoring; Managerial myopia; Investor horizons; Corporate governance; Managerial misbehavior; Investment; Innovation; Financing; Off balance sheet debt; Debt maturity; Payouts; Valuation; Profitability; Volatility; Credit events

Investor Horizons and Corporate Cash Holdings

Number of pages: 46 Posted: 06 Feb 2012 Last Revised: 05 Jul 2012
Jarrad Harford, Ambrus Kecskes and Sattar Mansi
University of Washington, York University - Schulich School of Business and Virginia Tech
Downloads 883 (20,215)
Citation 3

Abstract:

Investor horizons, Institutional investors, Ownership structure, Investor heterogeneity, Corporate governance, Monitoring, Cash holdings

2.

Do Earnings Estimates Add Value to Sell-Side Analysts' Investment Recommendations?

Management Science, Forthcoming
Number of pages: 48 Posted: 26 Sep 2009 Last Revised: 28 Jul 2016
Ambrus Kecskes, Roni Michaely and Kent L. Womack
York University - Schulich School of Business, Johnson@Cornell Tech, Cornell University and University of Toronto - Rotman School of Management (Deceased)
Downloads 1,393 (10,144)
Citation 5

Abstract:

Equity research analysts; Investment recommendations; Earnings estimates; Information; Valuation; Asset pricing; Trading strategy

The Real Effects of Financial Shocks: Evidence from Exogenous Changes in Analyst Coverage

Journal of Finance, Forthcoming
Number of pages: 50 Posted: 16 Dec 2010 Last Revised: 09 Mar 2013
François Derrien and Ambrus Kecskes
HEC Paris - Finance Department and York University - Schulich School of Business
Downloads 1,077 (14,978)
Citation 14

Abstract:

Financial shocks, Information asymmetry, Real effects, Investment, Financing, Cash holdings, Natural experiment, Matching estimators, Difference-in-differences, Equity research analysts

The Real Effects of Analyst Coverage

Number of pages: 50 Posted: 31 May 2012
François Derrien and Ambrus Kecskes
HEC Paris - Finance Department and York University - Schulich School of Business
Downloads 121 (193,563)
Citation 14

Abstract:

4.

Investor Horizons and Corporate Policies

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 52 Posted: 21 Oct 2009 Last Revised: 09 Mar 2013
François Derrien, David Thesmar and Ambrus Kecskes
HEC Paris - Finance Department, MIT Sloan and York University - Schulich School of Business
Downloads 980 (12,235)
Citation 7

Abstract:

Investor horizons, Institutional investors, Investment, Financing, Payouts, Mispricing, Market timing

5.

The Initial Public Offerings of Listed Firms

AFA 2006 Boston Meetings, Forthcoming, EFA 2005 Moscow Meetings, Journal of Finance, Vol. 62, No. 1, p.447-479, 2007
Number of pages: 54 Posted: 16 Feb 2005
François Derrien and Ambrus Kecskes
HEC Paris - Finance Department and York University - Schulich School of Business
Downloads 660 (24,353)
Citation 20

Abstract:

6.

Adds and drops of coverage by equity research analysts

Number of pages: 42 Posted: 31 Jan 2007 Last Revised: 19 Dec 2008
Ambrus Kecskes and Kent L. Womack
York University - Schulich School of Business and University of Toronto - Rotman School of Management (Deceased)
Downloads 633 (30,414)
Citation 5

Abstract:

7.

Do Analysts' Preferences Affect Corporate Policies?

Swiss Finance Institute Research Paper No. 13-22, ECGI - Finance Working Paper No. 361
Number of pages: 53 Posted: 19 Apr 2013 Last Revised: 29 Oct 2013
University of Lugano - Faculty of Economics, HEC Paris - Finance Department, York University - Schulich School of Business and Kellstadt Graduate School of Business
Downloads 518 (29,410)

Abstract:

Equity research analysts, Preferences, Real effects, Investment, Financing, Payouts, Leverage, Cash holdings

8.

Information Asymmetry, the Cost of Debt, and Credit Events: Evidence from Quasi-Random Analyst Disappearances

Number of pages: 50 Posted: 12 Apr 2012 Last Revised: 04 May 2016
François Derrien, Ambrus Kecskes and Sattar Mansi
HEC Paris - Finance Department, York University - Schulich School of Business and Virginia Tech
Downloads 482 (27,870)

Abstract:

Information asymmetry; Cost of debt; Default; Bankruptcy; Natural experiment; Matching estimators; Difference-in-differences; Equity research analysts; Creditors

9.

Does Corporate Social Responsibility Create Shareholder Value? The Importance of Long-Term Investors

Number of pages: 66 Posted: 30 Apr 2013 Last Revised: 24 Dec 2016
Ambrus Kecskes, Sattar Mansi and Phuong-Anh Nguyen
York University - Schulich School of Business, Virginia Tech and York University - Schulich School of Business
Downloads 413 (23,960)

Abstract:

Agency problems; Corporate governance; Monitoring; Managerial myopia; Investor horizons; Shareholders; Stakeholders; Corporate social responsibility; Investment; Intangibles; Valuation; Profitability; Volatility; Return; Risk

10.

How Much Does Investor Sentiment Really Matter for Equity Issuance Activity?

Number of pages: 37 Posted: 19 May 2006 Last Revised: 09 Mar 2013
François Derrien and Ambrus Kecskes
HEC Paris - Finance Department and York University - Schulich School of Business
Downloads 383 (59,820)
Citation 5

Abstract:

Initial public offerings, hot issue markets, fundamentals, investor sentiment

11.

Initial Public Offerings: The Origin of Investor Recognition?

Number of pages: 46 Posted: 07 Jun 2007 Last Revised: 24 Sep 2009
Ambrus Kecskes
York University - Schulich School of Business
Downloads 368 (62,268)
Citation 2

Abstract:

Initial public offerings, information costs, investor recognition, value

12.

Are Short Sellers Informed? Evidence from the Bond Market

Accounting Review, Forthcoming
Number of pages: 48 Posted: 11 Jun 2012 Last Revised: 27 Sep 2012
York University - Schulich School of Business, Virginia Tech and University of Nevada, Las Vegas - Department of Finance
Downloads 356 (41,331)
Citation 2

Abstract:

short interest, credit ratings, bond yield spreads, financial reporting

13.

Do Technology Spillovers Affect Corporate Financial Policies?

Number of pages: 64 Posted: 30 Jul 2016 Last Revised: 30 Jan 2017
Ambrus Kecskes and Phuong-Anh Nguyen
York University - Schulich School of Business and York University - Schulich School of Business
Downloads 0 (167,096)

Abstract:

Innovation, Technology spillovers, Research and development, Cost of capital, Profitability, Financing, Capital structure, Debt, Bond issues, Bank loans, Equity, Asset redeployability, Information asymmetry, Mispricing