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

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Rank 4,426

SSRN RANKINGS

Top 4,426

in Total Papers Downloads

18,302

TOTAL CITATIONS
Rank 2,877

SSRN RANKINGS

Top 2,877

in Total Papers Citations

281

Scholarly Papers (16)

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1.

Do Long-Term Investors Improve Corporate Decision Making?

Downloads 3,515 ( 7,042)
Citation 44

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 Tech
Downloads 2,332 (13,250)
Citation 26

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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 1,183 (37,480)
Citation 18

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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 1,867 (19,304)
Citation 37

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 1,621 (23,534)
Citation 36

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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 246 (259,538)
Citation 1

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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 1,709 (22,104)
Citation 4

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

4.

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 Tech
Downloads 1,605 (24,293)
Citation 31

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

5.

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 1,527 (26,237)
Citation 55

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

6.

Labor Force Demographics and Corporate Innovation

HEC Paris Research Paper No. FIN-2017-1243, Review of Financial Studies, Forthcoming
Number of pages: 96 Posted: 29 Nov 2017 Last Revised: 19 Oct 2022
François Derrien, Ambrus Kecskes and Phuong-Anh Nguyen
HEC Paris - Finance Department, York University - Schulich School of Business and York University
Downloads 1,173 (38,612)
Citation 5

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Innovation; Demographics; Labor markets; Inventors; Firm value

7.

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 996 (48,824)
Citation 13

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8.

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

Downloads 964 (51,078)
Citation 38

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 913 (54,183)
Citation 4

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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 Tech
Downloads 51 (823,764)
Citation 34

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

9.

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 865 (59,280)
Citation 3

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

10.

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 813 (64,496)
Citation 6

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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 Tech and University of Nevada, Las Vegas - Department of Finance
Downloads 732 (74,120)
Citation 19

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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 602
Citation 1

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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 570 (101,945)
Citation 20

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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 481 (125,507)
Citation 3

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

15.

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 451 (135,627)

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

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 432 (142,698)
Citation 2

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Initial public offerings, information costs, investor recognition, value