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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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Top 2,345

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13,045

CITATIONS
Rank 7,028

SSRN RANKINGS

Top 7,028

in Total Papers Citations

68

Scholarly Papers (16)

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1.

Do Long-Term Investors Improve Corporate Decision Making?

Downloads 2,685 ( 3,739)
Citation 4

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 1,763 (7,516)

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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 922 (20,852)
Citation 4

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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, Cornell University - Cornell Tech NYC and University of Toronto - Rotman School of Management (Deceased)
Downloads 1,449 (10,544)
Citation 5

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

3.

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

Downloads 1,290 ( 12,761)
Citation 14

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 1,155 (14,849)
Citation 14

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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 135 (191,230)
Citation 14

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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) - Economics, Finance, Accounting (EFA) and York University - Schulich School of Business
Downloads 980 (12,648)
Citation 9

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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 (23,548)
Citation 20

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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 (32,267)
Citation 5

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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
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 518 (29,549)

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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 (27,637)

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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: 27 Nov 2017
Phuong-Anh Nguyen, Ambrus Kecskes and Sattar Mansi
York University - Schulich School of Business, York University - Schulich School of Business and Virginia Tech
Downloads 413 (19,253)

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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

10.

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

Downloads 404 ( 63,528)
Citation 5

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 401 (63,502)
Citation 5

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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 3 (587,532)
Citation 5
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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 (67,577)
Citation 2

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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
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 356 (40,752)
Citation 2

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

13.

Do Technology Spillovers Affect the Corporate Information Environment?

Number of pages: 52 Posted: 10 Jan 2018 Last Revised: 16 Apr 2018
Phuong-Anh Nguyen and Ambrus Kecskes
York University - Schulich School of Business and York University - Schulich School of Business
Downloads 279 (96,921)

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

14.

Labor Force Demographics and Corporate Innovation

HEC Paris Research Paper No. FIN-2017-1243
Number of pages: 83 Posted: 29 Nov 2017 Last Revised: 17 Apr 2018
François Derrien, Ambrus Kecskes and Phuong-Anh Nguyen
HEC Paris - Finance Department, York University - Schulich School of Business and York University - Schulich School of Business
Downloads 0 (115,342)

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Innovation; Demographics; Age structure; Labor markets; Firms; Inventors; Patents

15.

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 Bernile, Vineet Bhagwat, Ambrus Kecskes and Phuong-Anh Nguyen
University of Miami - School of Business Administration, George Washington University - Department of Finance, York University - Schulich School of Business and York University - Schulich School of Business
Downloads 0 (210,278)

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

16.

Technology Spillovers, Asset Redeployability, and Corporate Financial Policies

Number of pages: 47 Posted: 08 Jan 2018 Last Revised: 16 Apr 2018
Phuong-Anh Nguyen and Ambrus Kecskes
York University - Schulich School of Business and York University - Schulich School of Business
Downloads 0

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Innovation; Technology spillovers; Research and development; Financial policies; Capital structure; Asset redeployability; Cost of debt