Dirk Hackbarth

Boston University - Questrom School of Business

595 Commonwealth Avenue

Boston, MA MA 02215

United States

Centre for Economic Policy Research (CEPR)

Research Fellow

London

United Kingdom

European Corporate Governance Institute (ECGI)

Research Member

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

SCHOLARLY PAPERS

32

DOWNLOADS
Rank 2,236

SSRN RANKINGS

Top 2,236

in Total Papers Downloads

27,248

SSRN CITATIONS
Rank 2,261

SSRN RANKINGS

Top 2,261

in Total Papers Citations

713

CROSSREF CITATIONS

81

Scholarly Papers (32)

1.

Managerial Traits and Capital Structure Decisions

EFA 2004 Maastricht Meetings Paper
Number of pages: 37 Posted: 03 Feb 2003
Dirk Hackbarth
Boston University - Questrom School of Business
Downloads 4,052 (5,155)
Citation 44

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Behavioral Finance, Financing and Investment Policy, Real Options

2.

Stock Returns in Mergers and Acquisitions

Swiss Finance Institute Research Paper No. 06-1, EFA 2006 Zurich Meetings Paper
Number of pages: 44 Posted: 03 Mar 2006
Erwan Morellec and Dirk Hackbarth
Ecole Polytechnique Fédérale de Lausanne and Boston University - Questrom School of Business
Downloads 2,650 (10,227)
Citation 23

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takeovers, real options, stock returns, firm-level betas

3.

Capital Structure, Credit Risk, and Macroeconomic Conditions

Number of pages: 40 Posted: 23 Apr 2003
Jianjun Miao, Dirk Hackbarth and Erwan Morellec
Boston University - Department of Economics, Boston University - Questrom School of Business and Ecole Polytechnique Fédérale de Lausanne
Downloads 2,131 (14,454)
Citation 91

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Dynamic Capital Structure, Credit Spreads, Macroeconomic Conditions

4.

Determinants of Corporate Borrowing: A Behavioral Perspective

14th Annual Utah Winter Finance Conference
Number of pages: 42 Posted: 13 Aug 2004 Last Revised: 12 May 2009
Dirk Hackbarth
Boston University - Questrom School of Business
Downloads 2,093 (14,852)
Citation 20

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Behavioral corporate finance, capital structure, debt overhang, real options

5.
Downloads 1,769 (19,404)
Citation 61

Corporate Debt Maturity Profiles

Number of pages: 45 Posted: 30 Nov 2011 Last Revised: 30 Aug 2017
Jaewon Choi, Dirk Hackbarth and Josef Zechner
Seoul National University - Department of Economics, Boston University - Questrom School of Business and Vienna University of Economics and Business
Downloads 1,769 (19,061)
Citation 3

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Capital Structure, Debt Structure, Debt Maturity

Corporate Debt Maturity Profiles

CEPR Discussion Paper No. DP12289
Number of pages: 48 Posted: 11 Sep 2017
Jaewon Choi, Dirk Hackbarth and Josef Zechner
Seoul National University - Department of Economics, Boston University - Questrom School of Business and Vienna University of Economics and Business
Downloads 0
Citation 40
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Capital Structure, Debt Maturity, Debt Structure

6.

Can the Tradeoff Theory Explain Debt Structure?

AFA 2005 Philadelphia Meetings Paper
Number of pages: 52 Posted: 05 Jan 2005
Dirk Hackbarth, Chris Hennessy and Hayne E. Leland
Boston University - Questrom School of Business, London Business School and University of California, Berkeley - Walter A. Haas School of Business
Downloads 1,317 (30,292)
Citation 31

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Banking, Capital Structure, Priority Structure, and Contingent Claims Pricing

7.

Corporate Bond Credit Spreads and Forecast Dispersion

EFA 2007 Ljubljana Meetings Paper
Number of pages: 53 Posted: 21 Mar 2006 Last Revised: 01 Mar 2010
Levent Guntay and Dirk Hackbarth
Federal Deposit Insurance Corporation (FDIC) and Boston University - Questrom School of Business
Downloads 1,316 (30,323)
Citation 22

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Analyst forecasts, Corporate bonds, Credit risk, Earnings volatility

8.
Downloads 1,180 (35,444)
Citation 36

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, University of Florida - Warrington College of Business Administration and Boston University - Questrom School of Business
Downloads 1,117 (37,749)
Citation 8

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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: 13 Mar 2023
Heitor Almeida, Murillo Campello and Dirk Hackbarth
University of Illinois at Urbana-Champaign, University of Florida - Warrington College of Business Administration and Boston University - Questrom School of Business
Downloads 63 (678,782)
Citation 29

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9.

The Dynamics of Mergers and Acquisitions in Oligopolistic Industries

Journal of Economic Dynamics and Control, Forthcoming, EFA 2007 Ljubljana Meetings Paper
Number of pages: 48 Posted: 05 Mar 2008 Last Revised: 15 Feb 2012
Jianjun Miao and Dirk Hackbarth
Boston University - Department of Economics and Boston University - Questrom School of Business
Downloads 1,023 (43,527)
Citation 16

Abstract:

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anticompetitive effect, industry structure, real options, takeovers

10.

The Optimal Mix of Bank and Market Debt: An Asset Pricing Approach

Number of pages: 54 Posted: 23 Mar 2003
Dirk Hackbarth, Chris Hennessy and Hayne E. Leland
Boston University - Questrom School of Business, London Business School and University of California, Berkeley - Walter A. Haas School of Business
Downloads 991 (45,507)
Citation 3

Abstract:

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Banking, Capital Structure, Priority, Contingent Claims Pricing

11.

Real Options and Risk Dynamics

Review of Economic Studies, Forthcoming
Number of pages: 60 Posted: 19 Nov 2010 Last Revised: 12 Apr 2015
Dirk Hackbarth and Timothy C. Johnson
Boston University - Questrom School of Business and University of Illinois at Urbana-Champaign
Downloads 744 (67,207)
Citation 11

Abstract:

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real options, adjustment costs, risk premia

12.
Downloads 712 (71,154)
Citation 12

The Firm-Level Credit Multiplier

Journal of Financial Intermediation, Forthcoming, EFA 2008 Athens Meetings Paper
Number of pages: 50 Posted: 29 Feb 2012
Murillo Campello and Dirk Hackbarth
University of Florida - Warrington College of Business Administration and Boston University - Questrom School of Business
Downloads 660 (77,275)

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Credit Multiplier, Capital Structure, Financing Constraints, Investment, Real Options

The Firm-Level Credit Multiplier

NBER Working Paper No. w17805
Number of pages: 51 Posted: 03 Feb 2012 Last Revised: 25 Feb 2023
Murillo Campello and Dirk Hackbarth
University of Florida - Warrington College of Business Administration and Boston University - Questrom School of Business
Downloads 52 (744,171)
Citation 1

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13.

A Unified Model of Distress Risk Puzzles

Stanford University Graduate School of Business Research Paper No. 19-9
Number of pages: 91 Posted: 16 Dec 2018 Last Revised: 17 Sep 2022
Zhiyao Chen, Dirk Hackbarth and Ilya A. Strebulaev
City University of Hong Kong (CityU) - Department of Economics and Finance, Boston University - Questrom School of Business and Stanford University - Graduate School of Business
Downloads 707 (71,782)
Citation 2

Abstract:

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financial distress, distress risk premium, failure probability, structural model

14.

Financial Distress, Stock Returns, and the 1978 Bankruptcy Reform Act

Number of pages: 48 Posted: 21 Mar 2011 Last Revised: 03 Nov 2014
Boston University - Questrom School of Business, Goethe University Frankfurt - Faculty of Economics and Business Administration and Princeton University, Bendheim Center for Finance
Downloads 683 (75,030)
Citation 6

Abstract:

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financial distress, law and finance, shareholder recovery, stock returns

15.

Capital Structure, Product Market Dynamics, and the Boundaries of the Firm

AFA 2012 Chicago Meetings Paper
Number of pages: 52 Posted: 23 Feb 2011 Last Revised: 30 May 2014
Boston University - Questrom School of Business, University of Maryland - Department of Finance and Fuqua School of Business, Duke University
Downloads 630 (83,014)
Citation 12

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capital structure, corporate investment, organizational design, real options

16.
Downloads 609 (86,962)
Citation 15

Optimal Short-Termism

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 546/2018, Asian Finance Association (AsianFA) 2018 Conference
Number of pages: 58 Posted: 30 Oct 2017 Last Revised: 22 Jun 2021
Dirk Hackbarth, Alejandro Rivera and Tak-Yuen Wong
Boston University - Questrom School of Business, University of Texas at Dallas - School of Management - Department of Finance & Managerial Economics and National Tsing Hua University - Department of Quantitative Finance
Downloads 607 (86,225)
Citation 8

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Capital Structure, Contracting, Multi-Tasking

Optimal Short-Termism

CEPR Discussion Paper No. DP12588
Number of pages: 46 Posted: 16 Jan 2018
Dirk Hackbarth, Alejandro Rivera and Tak-Yuen Wong
Boston University - Questrom School of Business, University of Texas at Dallas - School of Management - Department of Finance & Managerial Economics and National Tsing Hua University - Department of Quantitative Finance
Downloads 2 (1,236,414)
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Capital Structure, Contracting, Multi-tasking

17.

Asymmetric Information and the Pecking (Dis)Order

UNC Kenan-Flagler Research Paper No. 2012-6
Number of pages: 42 Posted: 20 Mar 2012 Last Revised: 26 Jan 2020
Paolo Fulghieri, Diego Garcia and Dirk Hackbarth
University of North Carolina Kenan-Flagler Business School, University of Colorado at Boulder - Leeds School of Business and Boston University - Questrom School of Business
Downloads 607 (86,962)
Citation 14

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debt-equity choice, pecking order, asymmetric information, security design

18.
Downloads 558 (97,234)
Citation 40

Inflexibility and Stock Returns

Review of Financial Studies, 2018
Number of pages: 62 Posted: 08 Sep 2017 Last Revised: 07 Jun 2019
Olivia Gu, Dirk Hackbarth and Timothy C. Johnson
University of Illinois at Urbana-Champaign, Boston University - Questrom School of Business and University of Illinois at Urbana-Champaign
Downloads 558 (96,094)
Citation 3

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Inflexibility, stock returns, risk premium, adjustment costs

Inflexibility and Stock Returns

CEPR Discussion Paper No. DP12441
Number of pages: 65 Posted: 20 Nov 2017
Olivia Gu, Dirk Hackbarth and Timothy C. Johnson
University of Illinois at Urbana-Champaign, Boston University - Questrom School of Business and University of Illinois at Urbana-Champaign
Downloads 0
Citation 29
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Operating flexibility, real options, risk premia, Stock returns

19.

Granularity of Corporate Debt

Number of pages: 46 Posted: 20 Oct 2017 Last Revised: 25 Oct 2017
Jaewon Choi, Dirk Hackbarth and Josef Zechner
Seoul National University - Department of Economics, Boston University - Questrom School of Business and Vienna University of Economics and Business
Downloads 523 (104,866)
Citation 42

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Capital Structure, Debt Structure, Debt Maturity

20.

Corporate Investment and Financing Dynamics

Review of Corporate Finance Studies, Forthcoming
Number of pages: 52 Posted: 28 Aug 2015 Last Revised: 11 Jan 2023
Dirk Hackbarth and Dongming Sun
Boston University - Questrom School of Business and University of Illinois at Urbana-Champaign
Downloads 463 (121,438)
Citation 6

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Capital Structure, Corporate Investment, Financial Flexibility, Real Options

21.

Corporate Finance Theory: Introduction to Special Issue

Number of pages: 17 Posted: 24 Oct 2014
Itay Goldstein and Dirk Hackbarth
University of Pennsylvania - The Wharton School - Finance Department and Boston University - Questrom School of Business
Downloads 449 (125,856)

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22.

Financing Asset Sales and Business Cycles

Review of Finance, Forthcoming
Number of pages: 50 Posted: 19 Nov 2013 Last Revised: 24 Jul 2017
Marc Arnold, Dirk Hackbarth and Tatjana Xenia Puhan
University of St. Gallen - School of Finance, Boston University - Questrom School of Business and University of Mannheim - Department of International Finance
Downloads 399 (144,428)
Citation 1

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Asset Sales, Wealth Transfer Problem, Leverage, Business Cycles, Real Options

23.

Governance and Equity Prices: Does Transparency Matter?

Review of Finance, Forthcoming
Number of pages: 51 Posted: 10 Dec 2011 Last Revised: 11 Dec 2012
Olivia Gu and Dirk Hackbarth
University of Illinois at Urbana-Champaign and Boston University - Questrom School of Business
Downloads 399 (144,428)
Citation 1

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Accounting Transparency, Corporate Governance, Firm Performance, Takeovers

Does the Potential to Merge Reduce Competition?

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 554/2018
Number of pages: 61 Posted: 08 Mar 2012 Last Revised: 28 Feb 2018
Dirk Hackbarth and Bart Taub
Boston University - Questrom School of Business and University of Illinois at Urbana-Champaign - Department of Economics
Downloads 343 (169,337)
Citation 1

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Competition, imperfect information, industry structure, market power, mergers

Does the Potential to Merge Reduce Competition?

CEPR Discussion Paper No. DP12732
Number of pages: 58 Posted: 20 Feb 2018
Dirk Hackbarth and Bart Taub
Boston University - Questrom School of Business and Glasgow University
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Competition, Horizontal mergers, imperfect information, Industry Structure, market power

25.

Maturity Overhang: Evidence from M&A

Boston University Questrom School of Business Research Paper No. 4280419
Number of pages: 55 Posted: 22 Nov 2022 Last Revised: 27 Nov 2023
Zhiyao Chen, Dirk Hackbarth, Jarrad Harford and Yuxin Luo
City University of Hong Kong (CityU) - Department of Economics and Finance, Boston University - Questrom School of Business, University of Washington and Boston University - Questrom School of Business
Downloads 295 (200,280)

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Mergers, Rollover risk, Debt maturity, Cash holding, Leverage

26.

Does Transparency Increase Takeover Vulnerability?

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 570/2018
Number of pages: 52 Posted: 07 Aug 2018 Last Revised: 08 May 2019
Olivia Gu and Dirk Hackbarth
University of Illinois at Urbana-Champaign and Boston University - Questrom School of Business
Downloads 248 (238,562)
Citation 2

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Corporate Governance, Takeovers, Transparency, Stock Returns

Debt Maturity and the Leverage Ratcheting Effect

Number of pages: 37 Posted: 31 Dec 2019
Hayne E. Leland and Dirk Hackbarth
University of California, Berkeley - Walter A. Haas School of Business and Boston University - Questrom School of Business
Downloads 180 (321,129)
Citation 3

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Capital Structure, Leverage Ratcheting Effect, Debt Maturity, Dynamic Tax Tradeoff Model

Debt Maturity and the Leverage Ratcheting Effect

Finance, Vol. 40 No.3, 2019
Posted: 12 Feb 2020
Hayne E. Leland and Dirk Hackbarth
University of California, Berkeley - Walter A. Haas School of Business and Boston University - Questrom School of Business

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Capital Structure, Leverage Ratcheting, Debt Maturity, Commitment, Trade-off Theory

28.

Online Appendices to Capital Structure, Product Market Dynamics, and the Boundaries of the Firm

Number of pages: 8 Posted: 30 May 2014
Boston University - Questrom School of Business, University of Maryland - Department of Finance and Fuqua School of Business, Duke University
Downloads 65 (656,213)

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29.

Online Appendix - Financial Distress, Stock Returns, and the 1978 Bankruptcy Reform Act

Number of pages: 3 Posted: 03 Nov 2014
Boston University - Questrom School of Business, Goethe University Frankfurt - Faculty of Economics and Business Administration and Princeton University, Bendheim Center for Finance
Downloads 57 (698,646)
Citation 7

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Financial distress, law and finance, shareholder recovery, stock returns

30.

Online Appendices to Financing Asset Sales and Business Cycles

Number of pages: 20 Posted: 24 Jul 2017 Last Revised: 16 Sep 2017
Marc Arnold, Dirk Hackbarth and Tatjana Xenia Puhan
University of St. Gallen - School of Finance, Boston University - Questrom School of Business and University of Mannheim - Department of International Finance
Downloads 55 (710,136)

Abstract:

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Asset Sales, Wealth Transfer Problem, Leverage, Business Cycle, Real Options

31.

Active Sector Funds and Fund Manager Skill

Chen, Huangyu, and Dirk Hackbarth. "Active Sector Funds and Fund Manager Skill." The Journal of Portfolio Management 46, no. 8 (2020): 64-85. DOI: https://doi.org/10.3905/jpm.2020.1.172
Posted: 15 Aug 2018 Last Revised: 08 Sep 2020
Huangyu Chen and Dirk Hackbarth
Boston University and Boston University - Questrom School of Business

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alpha, managerial skill, mutual funds, passive investing

32.

Asymmetric Information, Security Design, and the Pecking (Dis)Order

CEPR Discussion Paper No. DP10660
Number of pages: 46 Posted: 22 Jun 2015
Paolo Fulghieri, Diego Garcia and Dirk Hackbarth
University of North Carolina Kenan-Flagler Business School, University of Colorado at Boulder - Leeds School of Business and Boston University - Questrom School of Business
Downloads 0 (1,214,123)
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asymmetric information, debt-equity choice, pecking order, security design

Other Papers (1)

Total Downloads: 0
1.

Inflexibility and Leverage

American Finance Association Meetings 2021; SFS Cavalcade North America 2021; Midwest Finance Association meeting 2021
Posted: 07 Nov 2019 Last Revised: 29 Aug 2023
Olivia Gu and Dirk Hackbarth
University of Illinois at Urbana-Champaign and Boston University - Questrom School of Business

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Capital Structure, Inflexibility, Distress Risk, Physical and human capital