Heitor Almeida

University of Illinois at Urbana-Champaign

Stanley C. and Joan J. Golder Professor of Corporate Finance

515 East Gregory Drive

4037 BIF

Champaign, IL 61820

United States

http://www.business.illinois.edu/FacultyProfile/faculty_profile.aspx?ID=11357

National Bureau of Economic Research (NBER)

Research Associate

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

36

DOWNLOADS
Rank 744

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Top 744

in Total Papers Downloads

26,100

CITATIONS
Rank 375

SSRN RANKINGS

Top 375

in Total Papers Citations

1,172

Scholarly Papers (36)

1.
Downloads 2,582 ( 3,761)
Citation 286

The Cash Flow Sensitivity of Cash

Number of pages: 34 Posted: 23 May 2003
University of Illinois at Urbana-Champaign, Cornell University - Samuel Curtis Johnson Graduate School of Management and Ohio State University (OSU) - Department of Finance
Downloads 2,582 (3,677)
Citation 286

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Cash flow sensitivity of cash, financial constraints, cash policy, macroeconomic innovations

The Cash Flow Sensitivity of Cash

AFA 2004 San Diego Meetings
Posted: 24 Jul 2003
University of Illinois at Urbana-Champaign, Cornell University - Samuel Curtis Johnson Graduate School of Management and Ohio State University (OSU) - Department of Finance

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Cash flow sensitivity of cash, financial constraints, cash policy, macroeconomic innovations

A Theory of Pyramidal Ownership and Family Business Groups

Number of pages: 50 Posted: 17 May 2005
Heitor Almeida and Daniel Wolfenzon
University of Illinois at Urbana-Champaign and Columbia Business School - Finance and Economics
Downloads 2,223 (4,777)
Citation 99

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pyramids, business groups, family firms, investor protection, ownership structure, dual-class shares.

A Theory of Pyramidal Ownership and Family Business Groups

NBER Working Paper No. w11368
Number of pages: 51 Posted: 24 Jun 2005 Last Revised: 26 Jul 2010
Heitor Almeida and Daniel Wolfenzon
University of Illinois at Urbana-Champaign and Columbia Business School - Finance and Economics
Downloads 87 (253,709)
Citation 99

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3.

Financial Constraints and Investment-Cash Flow Sensitivities: New Research Directions

Twelfth Annual Utah Winter Finance Conference
Number of pages: 26 Posted: 29 Jan 2002
Heitor Almeida and Murillo Campello
University of Illinois at Urbana-Champaign and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 1,910 (5,179)
Citation 15

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investment, cash-flow, investment-cash flow sensitivities, financial constraints, credit rationing

Is Cash Negative Debt? A Hedging Perspective on Corporate Financial Policies

London Business School IFA Working Paper Series
Number of pages: 50 Posted: 19 Jan 2005
Heitor Almeida, Viral V. Acharya and Murillo Campello
University of Illinois at Urbana-Champaign, New York University - Leonard N. Stern School of Business and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 1,509 (9,209)
Citation 97

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Risk management, financing frictions, investment, cash savings, debt capacity

Is Cash Negative Debt? A Hedging Perspective on Corporate Financial Policies

NBER Working Paper No. w11391
Number of pages: 55 Posted: 06 Jul 2005 Last Revised: 18 Aug 2010
Viral V. Acharya, Heitor Almeida and Murillo Campello
New York University - Leonard N. Stern School of Business, University of Illinois at Urbana-Champaign and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 56 (325,513)
Citation 97

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Is Cash Negative Debt? A Hedging Perspective on Corporate Financial Policies

CEPR Discussion Paper No. 4886
Number of pages: 52 Posted: 26 May 2005
Viral V. Acharya, Heitor Almeida and Murillo Campello
New York University - Leonard N. Stern School of Business, University of Illinois at Urbana-Champaign and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 21 (467,706)
Citation 97
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Cash holdings, debt policies, hedging, financing constraints, risk management

Is Cash Negative Debt? A Hedging Perspective on Corporate Financial Policies

Journal of Financial Intermediation, Forthcoming
Posted: 30 Apr 2007
Viral V. Acharya, Heitor Almeida and Murillo Campello
New York University - Leonard N. Stern School of Business, University of Illinois at Urbana-Champaign and Cornell University - Samuel Curtis Johnson Graduate School of Management

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Risk management, financing frictions, investment, cash policy, debt capacity

5.
Downloads 1,541 ( 9,075)
Citation 114

Powerful CEOS and Their Impact on Corporate Performance

AFA 2004 San Diego Meetings; EFA 2002 Berlin Meetings Discussion Paper
Number of pages: 36 Posted: 11 Nov 2003
Heitor Almeida, Renee B. Adams and Daniel Ferreira
University of Illinois at Urbana-Champaign, University of New South Wales, Department of Banking and Finance and London School of Economics - Department of Finance
Downloads 1,541 (8,909)
Citation 114

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Powerful CEOS and Their Impact on Corporate Performance

The Review of Financial Studies, Vol. 18, Issue 4, pp. 1403-1432, 2005
Posted: 29 Feb 2008
Renee B. Adams, Heitor Almeida and Daniel Ferreira
University of New South Wales, Department of Banking and Finance, University of Illinois at Urbana-Champaign and London School of Economics - Department of Finance

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brain metastases, HRQoL, stereotactic radiosurgery

Financial Constraints, Asset Tangibility, and Corporate Investment

AFA 2005 Philadelphia Meetings, Forthcoming
Number of pages: 45 Posted: 31 Aug 2004
Heitor Almeida and Murillo Campello
University of Illinois at Urbana-Champaign and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 1,419 (10,142)
Citation 123

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Investment-cash flow sensitivities, asset tangibility, financial constraints, credit multiplier, errors-in-variables, GMM

Financial Constraints, Asset Tangibility, and Corporate Investment

NBER Working Paper No. w12087
Number of pages: 37 Posted: 11 May 2006
Heitor Almeida and Murillo Campello
University of Illinois at Urbana-Champaign and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 56 (325,513)
Citation 123

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Financial Constraints, Asset Tangibility, and Corporate Investment

Review of Financial Studies, Vol. 20, Issue 5, pp. 1429-1460, 2007
Posted: 25 Jun 2008
Heitor Almeida and Murillo Campello
University of Illinois at Urbana-Champaign and Cornell University - Samuel Curtis Johnson Graduate School of Management

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G31

Corporate Financial and Investment Policies when Future Financing is Not Frictionless

Charles A. Dice Center Working Paper No. 2008-16 and Fisher College of Business Working Paper No. 2008-03-015
Number of pages: 37 Posted: 15 Nov 2006 Last Revised: 27 Sep 2010
University of Illinois at Urbana-Champaign, Cornell University - Samuel Curtis Johnson Graduate School of Management and Ohio State University (OSU) - Department of Finance
Downloads 1,094 (15,380)
Citation 29

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financial constraints, types of investment, capital budgeting, risk shifting

Corporate Financial and Investment Policies When Future Financing is Not Frictionless

NBER Working Paper No. w12773
Number of pages: 41 Posted: 23 Dec 2006
University of Illinois at Urbana-Champaign, Cornell University - Samuel Curtis Johnson Graduate School of Management and Ohio State University (OSU) - Department of Finance
Downloads 63 (306,383)
Citation 29

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8.

Understanding the Relationship between Founder-CEOs and Firm Performance

Journal of Empirical Finance, Forthcoming
Number of pages: 37 Posted: 19 Nov 2003 Last Revised: 23 Jul 2012
Renee B. Adams, Heitor Almeida and Daniel Ferreira
University of New South Wales, Department of Banking and Finance, University of Illinois at Urbana-Champaign and London School of Economics - Department of Finance
Downloads 1,097 (15,633)
Citation 44

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founders, family firms, founder-CEO succession

9.
Downloads 1,052 ( 16,602)
Citation 59

The Risk-Adjusted Cost of Financial Distress

8th Annual Texas Finance Festival
Number of pages: 44 Posted: 29 Sep 2005
Heitor Almeida and Thomas Philippon
University of Illinois at Urbana-Champaign and New York University (NYU) - Department of Finance
Downloads 987 (17,938)
Citation 58

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Bankrupcty, corporate valuation, capital structure, default risk, yield spreads, debt conservatism

The Risk-Adjusted Cost of Financial Distress

NBER Working Paper No. w11685
Number of pages: 54 Posted: 15 Dec 2005 Last Revised: 27 Mar 2010
Heitor Almeida and Thomas Philippon
University of Illinois at Urbana-Champaign and New York University (NYU) - Department of Finance
Downloads 65 (301,402)
Citation 59

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10.
Downloads 988 ( 18,260)
Citation 13

Liquidity Mergers

Journal of Financial Economics (JFE), Forthcoming, AFA 2010 Atlanta Meetings Paper
Number of pages: 66 Posted: 18 Mar 2009 Last Revised: 14 Feb 2012
Heitor Almeida, Murillo Campello and Dirk Hackbarth
University of Illinois at Urbana-Champaign, Cornell University - Samuel Curtis Johnson Graduate School of Management and Boston University Questrom School of Business
Downloads 963 (18,641)
Citation 13

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Mergers and acquisitions, credit lines, cash, asset specificity, financial distress

Liquidity Mergers

NBER Working Paper No. w16724
Number of pages: 67 Posted: 31 Jan 2011 Last Revised: 02 Feb 2011
Heitor Almeida, Murillo Campello and Dirk Hackbarth
University of Illinois at Urbana-Champaign, Cornell University - Samuel Curtis Johnson Graduate School of Management and Boston University Questrom School of Business
Downloads 25 (444,788)
Citation 13

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Corporate Debt Maturity and the Real Effects of the 2007 Credit Crisis

Number of pages: 50 Posted: 17 May 2009 Last Revised: 15 Sep 2011
University of Illinois at Urbana-Champaign, Cornell University - Samuel Curtis Johnson Graduate School of Management, University of Illinois at Urbana-Champaign and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 780 (25,466)
Citation 62

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Financial crisis, debt maturity, matching estimators, investment spending, financing constraints

Corporate Debt Maturity and the Real Effects of the 2007 Credit Crisis

NBER Working Paper No. w14990
Number of pages: 36 Posted: 26 May 2009
University of Illinois at Urbana-Champaign, Cornell University - Samuel Curtis Johnson Graduate School of Management, University of Illinois at Urbana-Champaign and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 115 (208,870)
Citation 62

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12.

Financing Frictions and the Substitution Between Internal and External Funds

AFA 2008 New Orleans Meetings Paper
Number of pages: 36 Posted: 19 Mar 2007 Last Revised: 23 Apr 2008
Heitor Almeida and Murillo Campello
University of Illinois at Urbana-Champaign and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 874 (20,936)
Citation 7

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Capital structure, external financing, pecking order, financial constraints, investment, GMM, business cycles

13.

The Financial Accelerator: Evidence from International Housing Markets

AFA 2007 Chicago Meetings Paper
Number of pages: 32 Posted: 18 Mar 2006
Heitor Almeida, Crocker H. Liu and Murillo Campello
University of Illinois at Urbana-Champaign, Arizona State University and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 764 (24,869)
Citation 7

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financial accelerator, housing prices, collateral constraint, income constraint, credit multiplier

Internal Capital Markets in Business Groups: Evidence from the Asian Financial Crisis

Journal of Finance, Forthcoming
Number of pages: 72 Posted: 18 Sep 2011 Last Revised: 13 Feb 2015
Heitor Almeida, Chang Soo Kim and Hwanki Brian Kim
University of Illinois at Urbana-Champaign, Yonsei University and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 349 (72,044)
Citation 1

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Chaebol, corporate investment, difference-in-differences matching estimator, family firms, capital reallocation

The Effect of Internal Capital Markets on Corporate Investment: Evidence from the Asian Financial Crisis

AFA 2013 San Diego Meetings Paper
Number of pages: 43 Posted: 15 Mar 2012
Heitor Almeida and Chang Soo Kim
University of Illinois at Urbana-Champaign and Yonsei University
Downloads 280 (92,328)
Citation 1

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Business groups, chaebol, difference-in-differences matching estimator, family firms, capital reallocation

Should Business Groups Be Dismantled? The Equilibrium Costs of Efficient Internal Capital Markets

AFA 2005 Philadelphia Meetings
Number of pages: 40 Posted: 05 Jan 2005
Heitor Almeida and Daniel Wolfenzon
University of Illinois at Urbana-Champaign and Columbia Business School - Finance and Economics
Downloads 424 (56,902)
Citation 28

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capital allocation, conglomerates, investor protection, internal capital markets

Should Business Groups Be Dismantled? The Equilibrium Costs of Efficient Internal Capital Markets

Journal of Financial Economics, Forthcoming
Number of pages: 51 Posted: 01 Jun 2005
Heitor Almeida and Daniel Wolfenzon
University of Illinois at Urbana-Champaign and Columbia Business School - Finance and Economics
Downloads 196 (132,762)
Citation 28

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Capital allocation, Conglomerates, Investor protection, Internal capital markets

16.

The Real Effects of Credit Ratings: The Sovereign Ceiling Channel

Journal of Finance, Forthcoming
Number of pages: 75 Posted: 03 Nov 2013 Last Revised: 05 Oct 2017
University of Illinois at Urbana-Champaign, University of Kentucky, Nova School of Business and Economics and University of Western Ontario - Richard Ivey School of Business
Downloads 503 (14,872)

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Credit ratings, Sovereign bonds, Sovereign ceiling, Cost of capital, Investment, Capital structure

17.

The Real Effects of Share Repurchases

Forthcoming, Journal of Financial Economics (JFE)
Number of pages: 58 Posted: 08 Jun 2013 Last Revised: 19 Jun 2015
Heitor Almeida, Vyacheslav Fos and Mathias Kronlund
University of Illinois at Urbana-Champaign, Boston College - Department of Finance and University of Illinois at Urbana-Champaign
Downloads 474 (12,575)
Citation 1

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Share repurchases, employment, investment, regression discontinuity

Credit Lines as Monitored Liquidity Insurance: Theory and Evidence

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 61 Posted: 21 Mar 2012 Last Revised: 15 Apr 2013
New York University - Leonard N. Stern School of Business, University of Illinois at Urbana-Champaign, Universitat Pompeu Fabra - Faculty of Economic and Business Sciences and Federal Reserve Board
Downloads 434 (55,413)
Citation 6

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Liquidity management, cash holdings, liquidity risk, hedging, covenants, loan commitments, credit line revocation

Credit Lines as Monitored Liquidity Insurance: Theory and Evidence

Number of pages: 65 Posted: 13 Jun 2012
Universitat Pompeu Fabra - Faculty of Economic and Business Sciences, New York University - Leonard N. Stern School of Business, University of Illinois at Urbana-Champaign and Federal Reserve Board
Downloads 35 (397,374)
Citation 6

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Liquidity management, cash holdings, liquidity risk, hedging, covenants, loan commitments, credit line revocation

Credit Lines as Monitored Liquidity Insurance: Theory and Evidence

NBER Working Paper No. w18892
Number of pages: 62 Posted: 15 Mar 2013
New York University - Leonard N. Stern School of Business, University of Illinois at Urbana-Champaign, Universitat Pompeu Fabra - Faculty of Economic and Business Sciences and Federal Reserve Board
Downloads 2 (578,865)
Citation 6

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Corporate Liquidity Management: A Conceptual Framework and Survey

Fisher College of Business Working Paper No. 2013-03-15, Charles A. Dice Center Working Paper No. 2013-15
Number of pages: 46 Posted: 06 Oct 2013
University of Illinois at Urbana-Champaign, Cornell University - Samuel Curtis Johnson Graduate School of Management, University of Kentucky and Ohio State University (OSU) - Department of Finance
Downloads 428 (56,254)
Citation 3

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Liquidity, Cash, Financial Constraints, Financial Crisis

Corporate Liquidity Management: A Conceptual Framework and Survey

NBER Working Paper No. w19502
Number of pages: 46 Posted: 05 Oct 2013
University of Illinois at Urbana-Champaign, Cornell University - Samuel Curtis Johnson Graduate School of Management, University of Kentucky and Ohio State University (OSU) - Department of Finance
Downloads 27 (433,984)
Citation 3

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Corporate Liquidity Management: A Conceptual Framework and Survey

Annual Review of Financial Economics, Vol. 6, pp. 135-162, 2014
Posted: 25 Nov 2014
University of Illinois at Urbana-Champaign, Cornell University - Samuel Curtis Johnson Graduate School of Management, University of Kentucky and Ohio State University (OSU) - Department of Finance

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The Structure and Formation of Business Groups: Evidence from Korean Chaebols

NYU Working Paper No. FIN-08-012
Number of pages: 57 Posted: 09 Mar 2009 Last Revised: 15 Sep 2011
University of Illinois at Urbana-Champaign, Yonsei University, New York University - Stern School of Business and Columbia Business School - Finance and Economics
Downloads 376 (65,710)
Citation 20

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Business groups, family firms, firm performance, pyramids, cross-shareholdings, parent company discount

The Structure and Formation of Business Groups: Evidence from Korean Chaebols

NBER Working Paper No. w14983
Number of pages: 48 Posted: 26 May 2009
University of Illinois at Urbana-Champaign, Yonsei University, New York University - Stern School of Business and Columbia Business School - Finance and Economics
Downloads 31 (414,521)
Citation 20

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21.

Less is More: Financial Constraints and Innovative Efficiency

Number of pages: 59 Posted: 09 May 2011 Last Revised: 29 Jul 2014
Heitor Almeida, Po-Hsuan Hsu and Dongmei Li
University of Illinois at Urbana-Champaign, University of Hong Kong and University of South Carolina - Darla Moore School of Business - Department of Finance
Downloads 349 (27,222)
Citation 2

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innovative efficiency, financial constraints

22.
Downloads 348 ( 72,622)
Citation 10

Democracy and the Variability of Economic Performance

Number of pages: 54 Posted: 18 Mar 2002
Heitor Almeida and Daniel Ferreira
University of Illinois at Urbana-Champaign and London School of Economics - Department of Finance
Downloads 316 (80,520)
Citation 10

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Democracy, autocracy, growth, variability, fallibility, centralization of decision-making

Democracy and the Variability of Economic Performance

Economics and Politics, Vol. 14, pp. 225-257, 2002
Number of pages: 33 Posted: 06 Feb 2003
Heitor Almeida and Daniel Ferreira
University of Illinois at Urbana-Champaign and London School of Economics - Department of Finance
Downloads 32 (410,059)
Citation 10
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23.
Downloads 276 ( 94,302)
Citation 19

Measurement Errors in Investment Equations

Number of pages: 52 Posted: 23 Mar 2010 Last Revised: 06 Apr 2010
University of Illinois at Urbana-Champaign, Cornell University - Samuel Curtis Johnson Graduate School of Management and University of Illinois at Urbana-Champaign - Department of Economics
Downloads 249 (104,623)
Citation 19

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Investment equations, measurement error, Monte Carlo simulations, instrumental variables, GMM

Measurement Errors in Investment Equations

NBER Working Paper No. w15951
Number of pages: 55 Posted: 03 May 2010 Last Revised: 06 Aug 2010
University of Illinois at Urbana-Champaign, Cornell University - Samuel Curtis Johnson Graduate School of Management and University of Illinois at Urbana-Champaign - Department of Economics
Downloads 27 (433,984)
Citation 19

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Aggregate Risk and the Choice between Cash and Lines of Credit

Journal of Finance, Forthcoming
Number of pages: 85 Posted: 01 Aug 2012
Viral V. Acharya, Heitor Almeida and Murillo Campello
New York University - Leonard N. Stern School of Business, University of Illinois at Urbana-Champaign and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 204 (127,800)
Citation 23

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bank lines of credit, cash holdings, liquidity management, systematic risk, loan spreads, loan

Aggregate Risk and the Choice between Cash and Lines of Credit

NBER Working Paper No. w16122
Number of pages: 48 Posted: 29 Jun 2010 Last Revised: 22 Jul 2010
Viral V. Acharya, Heitor Almeida and Murillo Campello
New York University - Leonard N. Stern School of Business, University of Illinois at Urbana-Champaign and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 51 (340,784)
Citation 24

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Aggregate Risk and the Choice between Cash and Lines of Credit

CEPR Discussion Paper No. DP8913
Number of pages: 67 Posted: 04 Apr 2012
Viral V. Acharya, Heitor Almeida and Murillo Campello
New York University - Leonard N. Stern School of Business, University of Illinois at Urbana-Champaign and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 0
Citation 23
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asset beta, bank lines of credit, cash holdings, liquidity management, loan maturity, loan spreads, systemic risk

25.

More on the Performance of Higher Order Moment Estimators in Investment Equations

Number of pages: 41 Posted: 07 Oct 2010
University of Illinois at Urbana-Champaign, Cornell University - Samuel Curtis Johnson Graduate School of Management and University of Illinois at Urbana-Champaign - Department of Economics
Downloads 179 (139,618)
Citation 2

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Investment equations, measurement error, Monte Carlo simulations, instrumental variables, GMM

26.
Downloads 178 (145,285)

Risk Management with Supply Contracts

Accepted, The Review of Financial Studies
Number of pages: 58 Posted: 04 Jun 2016 Last Revised: 23 Mar 2017
University of Illinois at Urbana-Champaign, University of Kentucky and University of Arizona - Department of Finance
Downloads 168 (152,971)

Abstract:

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Risk management, supply contracts, liquidity management

Risk Management with Supply Contracts

NBER Working Paper No. w23331
Number of pages: 59 Posted: 17 Apr 2017
University of Illinois at Urbana-Champaign, University of Kentucky and University of Arizona - Department of Finance
Downloads 10 (531,806)
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27.

Bank Lines of Credit as Contingent Liquidity: A Study of Covenant Violations and Their Implications

ECB Working Paper No. 1702
Number of pages: 42 Posted: 02 Aug 2014
New York University - Leonard N. Stern School of Business, University of Illinois at Urbana-Champaign, Universitat Pompeu Fabra - Faculty of Economic and Business Sciences and Federal Reserve Board
Downloads 103 (144,550)

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lines of credit, firm financial constraints, bank financial health, covenant violations

28.

Corporate Demand for Liquidity

NBER Working Paper No. w9253
Number of pages: 44 Posted: 04 Oct 2002 Last Revised: 19 Nov 2002
University of Illinois at Urbana-Champaign, Cornell University - Samuel Curtis Johnson Graduate School of Management and Ohio State University (OSU) - Department of Finance
Downloads 84 (239,423)
Citation 5

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29.

Estimating Risk-Adjusted Costs of Financial Distress

Journal of Applied Corporate Finance, Vol. 20, Issue 4, pp. 105-109, Fall 2008
Number of pages: 7 Posted: 18 Dec 2008
Heitor Almeida and Thomas Philippon
University of Illinois at Urbana-Champaign and New York University (NYU) - Department of Finance
Downloads 5 (533,962)
Citation 54
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30.

The Impact of Obamacare on Firm Employment and Performance

Posted: 21 Nov 2017
Heitor Almeida, Ruidi Huang, Ping Liu and Yuhai Xuan
University of Illinois at Urbana-Champaign, University of Illinois at Urbana-Champaign - Department of Finance, Department of Finance, School of Management, University at Buffalo, SUNY and University of Illinois at Urbana-Champaign - Department of Finance

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31.

Understanding the Credit Multiplier: The Working Capital Channel

Number of pages: 58 Posted: 16 Nov 2017
Heitor Almeida, Daniel R. Carvalho and Tae Kim
University of Illinois at Urbana-Champaign, Indiana University - Kelley School of Business and University of Notre Dame - Department of Finance
Downloads 0 (437,053)

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Credit Multiplier, Working Capital, Financing Frictions

32.

Bank Lines of Credit as Contingent Liquidity: Covenant Violations and Their Implications

Number of pages: 46 Posted: 16 Oct 2017
New York University - Leonard N. Stern School of Business, University of Illinois at Urbana-Champaign, Universitat Pompeu Fabra - Faculty of Economic and Business Sciences and Federal Reserve Board
Downloads 0 (442,220)

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Lines of Credit, Bank Financial Health, Covenant Violations

33.

More Cash, Less Innovation: The Effect of the American Jobs Creation Act on Patent Value

Number of pages: 47 Posted: 18 Apr 2017 Last Revised: 29 Nov 2017
Heitor Almeida, Po-Hsuan Hsu, Dongmei Li and Kevin Tseng
University of Illinois at Urbana-Champaign, University of Hong Kong, University of South Carolina - Darla Moore School of Business - Department of Finance and University of Kansas School of Business
Downloads 0 (149,021)

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Financial Slack; Innovation; Free Cash Flow; Agency Problems

34.

A New Perspective on Bank-Dependency: The Liquidity Insurance Channel

Number of pages: 36 Posted: 15 Jun 2016 Last Revised: 25 Oct 2017
New York University - Leonard N. Stern School of Business, University of Illinois at Urbana-Champaign, Universitat Pompeu Fabra - Faculty of Economic and Business Sciences and Federal Reserve Board
Downloads 0 (232,924)

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liquidity management, cash holdings, liquidity risk, investment, lending channel, credit lines

35.

The Effect of External Finance on the Equilibrium Allocation of Capital

Journal of Financial Economics, Forthcoming
Posted: 01 Sep 2004
Heitor Almeida and Daniel Wolfenzon
University of Illinois at Urbana-Champaign and Columbia Business School - Finance and Economics

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capital reallocation, financial development, investor protection, external finance

36.

Optimal State-Dependent Rules, Credibility and the Cost of Disinflation

Working Paper No. 359 Departamento de Economia-PUC-Rio
Posted: 27 Mar 1997
Marco Bonomo and Heitor Almeida
Insper Institute of Education and Research and University of Illinois at Urbana-Champaign

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