Brian J. Clark

Rensselaer Polytechnic Institute (RPI)

Assistant Professor of Finance

Troy, NY 12180

United States

SCHOLARLY PAPERS

14

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Rank 15,941

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Top 15,941

in Total Papers Downloads

6,432

TOTAL CITATIONS
Rank 17,296

SSRN RANKINGS

Top 17,296

in Total Papers Citations

45

Scholarly Papers (14)

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 1,963 (17,459)
Citation 4

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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 555 (102,135)
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 293 (213,007)
Citation 1

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

3.

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 596 (94,605)

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

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 595 (94,819)

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

5.

Bank Loan Renegotiation and Credit Default Swaps

Journal of Banking & Finance, Vol. 151, 105936 (2020)
Number of pages: 49 Posted: 16 Oct 2017 Last Revised: 31 May 2023
Rensselaer Polytechnic Institute (RPI), Long Island University, C.W. Post Campus, College of Management, Rensselaer Polytechnic Institute (RPI) - Lally School of Management and Wayne State University - Mike Ilitch School of Business
Downloads 567 (100,796)

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

6.
Downloads 460 (129,952)
Citation 29

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 367 (167,059)
Citation 12

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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 93 (580,074)
Citation 17

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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 270 (233,410)
Citation 1

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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 246 (256,440)
Citation 1

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

9.

Pricing Banks: Risk and Return in an Opaque Industry

Number of pages: 88 Posted: 10 Apr 2020 Last Revised: 27 Sep 2023
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 215 (291,933)
Citation 1

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Banking, Stock Return Anomalies, Complexity, Interconnectedness

10.

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 212 (295,785)

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

11.

Pricing Model Complexity: The Case for Volatility-Managed Portfolios

Machine Learning and Data Sciences for Financial Markets: A Guide to Contemporary Practices (2023). Edited by A. Capponi and C.A. Lehalle. Cambridge University Press.
Number of pages: 26 Posted: 19 Dec 2022 Last Revised: 02 Mar 2023
Brian J. Clark, Akhtar R. Siddique and Majeed Simaan
Rensselaer Polytechnic Institute (RPI), Government of the United States of America - Office of the Comptroller of the Currency (OCC) and Stevens Institute of Technology - School of Business
Downloads 178 (347,396)

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Portfolio Allocation, Risk-Return-Complexity Frontier, XAI

12.

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 137 (432,238)

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Portfolio Optimization, Index Tracking, Parameter Estimation Risk

13.

Firm Complexity and Information Asymmetry: Evidence from ML-based Complexity to Measure Information Processing Costs

Number of pages: 50 Posted: 25 Mar 2024
Brian J. Clark, Sai Palepu and Akhtar R. Siddique
Rensselaer Polytechnic Institute (RPI), Rensselaer Polytechnic Institute and Government of the United States of America - Office of the Comptroller of the Currency (OCC)
Downloads 109 (515,095)

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Information Asymmetry, Stock Returns, ML, Model Complexity

14.

Use and Misuse of Interpretability in Machine Learning

Forthcoming in Journal of Financial Transformation
Number of pages: 10 Posted: 19 Apr 2024
Brian J. Clark, Akhtar R. Siddique and Majeed Simaan
Rensselaer Polytechnic Institute (RPI), Government of the United States of America - Office of the Comptroller of the Currency (OCC) and Stevens Institute of Technology - School of Business
Downloads 36 (902,141)

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