Brian J. Clark

Rensselaer Polytechnic Institute (RPI)

Assistant Professor of Finance

Troy, NY 12180

United States

SCHOLARLY PAPERS

11

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SSRN CITATIONS
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Top 21,513

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35

CROSSREF CITATIONS

11

Scholarly Papers (11)

1.

The Impact of Financial Flexibility on Capital Structure Decisions: Some Empirical Evidence

Number of pages: 65 Posted: 03 Nov 2009 Last Revised: 30 Mar 2010
Brian J. Clark
Rensselaer Polytechnic Institute (RPI)
Downloads 1,694 (15,025)
Citation 3

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Financial flexibility, capital structure, dynamic capital structure, cash holdings

Do Firms Adjust Toward Target Capital Structures? Some International Evidence

Number of pages: 59 Posted: 23 Mar 2009
Brian J. Clark, Bill B. Francis and Iftekhar Hasan
Rensselaer Polytechnic Institute (RPI), Rensselaer Polytechnic Institute (RPI) - Lally School of Management and Fordham University
Downloads 445 (92,770)
Citation 8

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capital structure, international, financial leverage, partial adjustment, legal institutions, developing markets

Do Firms Adjust Toward Target Capital Structures? Some International Evidence

Number of pages: 59 Posted: 18 Oct 2008 Last Revised: 24 Mar 2009
Brian J. Clark, Bill B. Francis and Iftekhar Hasan
Rensselaer Polytechnic Institute (RPI), Rensselaer Polytechnic Institute (RPI) - Lally School of Management and Fordham University
Downloads 188 (226,761)
Citation 1

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capital structure, international, financial leverage, partial adjustment, legal institutions

3.

Bank Loan Renegotiation and Credit Default Swaps

Journal of Banking & Finance, Forthcoming
Number of pages: 49 Posted: 16 Oct 2017 Last Revised: 17 Aug 2020
Rensselaer Polytechnic Institute (RPI), Long Island University, C.W. Post Campus, College of Management, Rensselaer Polytechnic Institute (RPI) - Lally School of Management and U.S. Securities and Exchange Commission
Downloads 519 (77,820)

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CDS, credit derivatives, credit default swaps, empty creditor, bank loans, renegotiation

4.

Leverage and the Cost of Capital for U.S. Banks

Number of pages: 66 Posted: 05 Sep 2014 Last Revised: 23 Aug 2022
Brian J. Clark, Jonathan Jones and David Malmquist
Rensselaer Polytechnic Institute (RPI), Government of the United States of America - Office of the Comptroller of the Currency (OCC) and Citigroup, Inc.
Downloads 492 (83,076)

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systematic risk, equity beta, bank leverage, cost of capital, Modigliani-Miller

5.

A Machine Learning Efficient Frontier

Operations Research Letters, DOI: https://doi.org/10.1016/j.orl.2020.07.016
Number of pages: 14 Posted: 14 Mar 2020 Last Revised: 07 Aug 2020
Brian J. Clark, Zachary Feinstein and Majeed Simaan
Rensselaer Polytechnic Institute (RPI), Stevens Institute of Technology - School of Business and Stevens Institute of Technology - School of Business
Downloads 461 (89,816)

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Portfolio Theory, Machine Learning, Tactical Asset Allocation, Estimation Risk

6.
Downloads 348 (123,727)
Citation 20

Risk and Risk Management in the Credit Card Industry

Number of pages: 62 Posted: 16 Jun 2015 Last Revised: 24 Aug 2022
Government of the United States of America - Office of the Comptroller of the Currency (OCC), Government of the United States of America - Office of the Comptroller of the Currency (OCC), Rensselaer Polytechnic Institute (RPI), Washington University in St. Louis, Massachusetts Institute of Technology (MIT) - Laboratory for Financial Engineering and Government of the United States of America - Office of the Comptroller of the Currency (OCC)
Downloads 300 (144,060)
Citation 2

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credit risk, consumer finance, credit cards, risk management, machine learning, big data

Risk and Risk Management in the Credit Card Industry

NBER Working Paper No. w21305
Number of pages: 66 Posted: 29 Jun 2015 Last Revised: 20 Mar 2022
Government of the United States of America - Office of the Comptroller of the Currency (OCC), Government of the United States of America - Office of the Comptroller of the Currency (OCC), Rensselaer Polytechnic Institute (RPI), Washington University in St. Louis, Massachusetts Institute of Technology (MIT) - Laboratory for Financial Engineering and Government of the United States of America - Office of the Comptroller of the Currency (OCC)
Downloads 48 (552,111)
Citation 15

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7.

Debt Specialization and Credit Default Swaps

Number of pages: 76 Posted: 18 Apr 2022
Brian J. Clark, James Donato and Bill B. Francis
Rensselaer Polytechnic Institute (RPI), affiliation not provided to SSRN and Rensselaer Polytechnic Institute (RPI) - Lally School of Management
Downloads 180 (235,581)

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Credit default swaps, bank loans, debt structure, capital structure

8.

The Benefits of Adjusting - Estimating the Speed of Adjustment toward a Target Capital Structure on a Cost Basis

Number of pages: 55 Posted: 20 Mar 2013 Last Revised: 06 Apr 2015
Brian J. Clark
Rensselaer Polytechnic Institute (RPI)
Downloads 170 (247,322)

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capital structure, speed of adjustment, leverage, tax, corporate tax, cost of debt

9.

Risk Shifting and Regulatory Arbitrage: Evidence from Operational Risk

Number of pages: 50 Posted: 26 Jun 2017
Brian J. Clark and Alireza Ebrahim
Rensselaer Polytechnic Institute (RPI) and Office of the Comptroller of the Currency (OCC)
Downloads 147 (278,614)

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Operational Risk, Risk Shifting, Regulatory Arbitrage, Bank Regulatory Capital

10.

Pricing Banks: Risk and Return in an Opaque Industry

Number of pages: 60 Posted: 10 Apr 2020 Last Revised: 16 Aug 2022
Brian J. Clark, Bill B. Francis and Majeed Simaan
Rensselaer Polytechnic Institute (RPI), Rensselaer Polytechnic Institute (RPI) - Lally School of Management and Stevens Institute of Technology - School of Business
Downloads 139 (291,192)

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Stock Return Anomalies, Return Decomposition, Complexity, Interconnectedness

11.

Estimation Risk and Implicit Value of Index-Tracking

Quantitative Finance https://doi.org/10.1080/14697688.2021.1959631
Number of pages: 41 Posted: 15 Aug 2017 Last Revised: 18 Nov 2021
Brian J. Clark, Chanaka Edirisinghe and Majeed Simaan
Rensselaer Polytechnic Institute (RPI), Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology and Stevens Institute of Technology - School of Business
Downloads 107 (352,000)

Abstract:

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Portfolio Optimization, Index Tracking, Parameter Estimation Risk