Ambrus Kecskes

York University - Schulich School of Business

Associate Professor of Finance

4700 Keele Street

Toronto, Ontario M3J 1P3

Canada

  • York University - Schulich School of Business

SCHOLARLY PAPERS

16

DOWNLOADS
Rank 3,301

SSRN RANKINGS

Top 3,301

in Total Papers Downloads

16,015

SSRN CITATIONS
Rank 4,974

SSRN RANKINGS

Top 4,974

in Total Papers Citations

183

CROSSREF CITATIONS

86

Scholarly Papers (16)

Actions:
Email selected abstracts
1.

Do Long-Term Investors Improve Corporate Decision Making?

Downloads 3,234 ( 5,192)
Citation 35

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: 27 Nov 2017
Jarrad Harford, Ambrus Kecskes and Sattar Mansi
University of Washington, York University - Schulich School of Business and Virginia Polytechnic Institute & State University
Downloads 2,155 (9,814)
Citation 26

Abstract:

Loading...

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 Polytechnic Institute & State University
Downloads 1,079 (28,413)
Citation 16

Abstract:

Loading...

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

2.

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

Downloads 1,592 ( 16,201)
Citation 45

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 1,404 (19,213)
Citation 36

Abstract:

Loading...

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 188 (223,437)
Citation 1

Abstract:

Loading...

3.

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, The University of Hong Kong and University of Toronto - Rotman School of Management (Deceased)
Downloads 1,562 (16,692)
Citation 4

Abstract:

Loading...

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

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, Massachusetts Institute of Technology (MIT) - Sloan School of Management and York University - Schulich School of Business
Downloads 1,428 (19,098)
Citation 25

Abstract:

Loading...

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

5.

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

Number of pages: 66 Posted: 30 Apr 2013 Last Revised: 27 Nov 2017
Phuong-Anh Nguyen, Ambrus Kecskes and Sattar Mansi
York University, York University - Schulich School of Business and Virginia Polytechnic Institute & State University
Downloads 1,359 (20,527)
Citation 12

Abstract:

Loading...

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

6.

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 948 (34,697)
Citation 7

Abstract:

Loading...

7.

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

Downloads 860 ( 39,797)
Citation 9

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 Polytechnic Institute & State University
Downloads 852 (39,717)
Citation 4

Abstract:

Loading...

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

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

Number of pages: 51 Posted: 25 Jan 2016
François Derrien, Ambrus Kecskes and Sattar Mansi
HEC Paris - Finance Department, York University - Schulich School of Business and Virginia Polytechnic Institute & State University
Downloads 8 (841,349)
Citation 6

Abstract:

Loading...

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

8.

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
Francois Degeorge, François Derrien, Ambrus Kecskes and Sebastien Michenaud
University of Lugano - Faculty of Economics, HEC Paris - Finance Department, York University - Schulich School of Business and Kellstadt Graduate School of Business
Downloads 797 (44,083)
Citation 3

Abstract:

Loading...

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

9.

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 724 (50,079)
Citation 4

Abstract:

Loading...

10.

Labor Force Demographics and Corporate Innovation

HEC Paris Research Paper No. FIN-2017-1243
Number of pages: 70 Posted: 29 Nov 2017 Last Revised: 04 May 2020
François Derrien, Ambrus Kecskes and Phuong-Anh Nguyen
HEC Paris - Finance Department, York University - Schulich School of Business and York University
Downloads 671 (55,379)
Citation 5

Abstract:

Loading...

Innovation; Demographics; Labor markets; Inventors; Firm value

11.

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
Ambrus Kecskes, Sattar Mansi and Andrew (Jianzhong) Zhang
York University - Schulich School of Business, Virginia Polytechnic Institute & State University and University of Nevada, Las Vegas - Department of Finance
Downloads 654 (57,197)
Citation 5

Abstract:

Loading...

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

12.

Technology Spillovers, Asset Redeployability, and Corporate Financial Policies

Asian Development Bank Institute (ADBI) working paper 1259, Reprinted in Harnessing Digitalization for Sustainable Economic Development: Insights for Asia, John Beirne and David G. Fernandez, eds., Asian Development Bank Institute, 2022
Number of pages: 54 Posted: 08 Jan 2018 Last Revised: 04 Apr 2022
Phuong-Anh Nguyen and Ambrus Kecskes
York University and York University - Schulich School of Business
Downloads 496
Citation 1

Abstract:

Loading...

Innovation; Technology spillovers; Capital structure; Asset redeployability; Cost of debt

13.

Are the Risk Attitudes of Professional Investors Affected by Personal Catastrophic Experiences?

Number of pages: 51 Posted: 24 Aug 2017 Last Revised: 07 Feb 2018
Gennaro (帅纳) Bernile, Vineet Bhagwat, Ambrus Kecskes and Phuong-Anh Nguyen
University of Miami - Department of Finance, George Washington University - Department of Finance, York University - Schulich School of Business and York University
Downloads 444 (92,369)
Citation 12

Abstract:

Loading...

Mutual funds, Risk taking, Catastrophes, Natural disasters, Psychology, Behavioral

14.

Do Technology Spillovers Affect the Corporate Information Environment?

Number of pages: 58 Posted: 10 Jan 2018 Last Revised: 04 May 2020
Phuong-Anh Nguyen and Ambrus Kecskes
York University and York University - Schulich School of Business
Downloads 427 (96,668)
Citation 1

Abstract:

Loading...

Innovation; Technology spillovers; Research and development; Information asymmetry; Valuation; Earnings; Mispricing

15.

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

Downloads 423 ( 97,719)
Citation 7

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 417 (98,426)

Abstract:

Loading...

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

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

European Financial Management, Vol. 15, Issue 4, pp. 787-813, September 2009
Number of pages: 27 Posted: 08 Oct 2009
François Derrien and Ambrus Kecskes
affiliation not provided to SSRN and York University - Schulich School of Business
Downloads 6 (863,426)
Citation 1

Abstract:

Loading...

16.

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 396 (105,411)

Abstract:

Loading...

Initial public offerings, information costs, investor recognition, value