Philip Valta

University of Bern

Engehaldenstrasse 4

Bern, 3012

Switzerland

http://https://www.ifm.unibe.ch/about_us/people/prof_dr_valta_philip/

  • University of Bern

SCHOLARLY PAPERS

15

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8,525

TOTAL CITATIONS
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SSRN RANKINGS

Top 3,997

in Total Papers Citations

200

Scholarly Papers (15)

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1.

How Does Corporate Investment Respond to Increased Entry Threat?

Number of pages: 59 Posted: 16 Mar 2012 Last Revised: 29 Oct 2015
Laurent Frésard and Philip Valta
Universita della Svizzera Italiana (USI Lugano) and University of Bern
Downloads 1,574 (25,330)
Citation 26

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Corporate investment, Entry Threat, Strategic Interactions, Market Structures

2.

Financing Investment: The Choice between Bonds and Bank Loans

HEC Paris Research Paper No. FIN-2013-1010, Swiss Finance Institute Research Paper No. 14-04
Number of pages: 48 Posted: 18 Oct 2012 Last Revised: 16 May 2014
Erwan Morellec, Philip Valta and Alexei Zhdanov
Ecole Polytechnique Fédérale de Lausanne, University of Bern and Pennsylvania State University
Downloads 1,232 (36,342)
Citation 12

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debt structure, capital structure, investment, credit supply, competition

3.

Industry Asset Revaluations around Public and Private Acquisitions

Number of pages: 61 Posted: 01 May 2017 Last Revised: 09 Nov 2021
François Derrien, Laurent Frésard, Victoria Slabik and Philip Valta
HEC Paris - Finance Department, Universita della Svizzera Italiana (USI Lugano), HEC Paris (Groupe HEC), Finance Department and University of Bern
Downloads 936 (53,786)
Citation 2

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Merger & acquisitions; Information; Revaluation; Stock returns; Peers; Misvaluation

4.

Competition and the Cost of Debt

Downloads 931 (54,296)
Citation 127

Competition and the Cost of Debt

Journal of Financial Economics 105, 661-682, 2012
Number of pages: 59 Posted: 23 Oct 2009 Last Revised: 06 May 2013
Philip Valta
University of Bern
Downloads 779 (68,003)
Citation 9

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Product Market Competition, Financing Costs, Debt Financing, Financial Contracts

Competition and the Cost of Debt

Number of pages: 39 Posted: 15 Mar 2011
Philip Valta
University of Bern
Downloads 152 (411,189)
Citation 118

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Product Market Competition, Financing Costs, Debt Financing, Financial Contracts, Industry Structure

5.

Understanding Cash Flow Risk

Swiss Finance Institute Research Paper No. 18-21
Number of pages: 90 Posted: 26 Jun 2017 Last Revised: 15 Jul 2021
Sebastian Gryglewicz, Loriano Mancini, Erwan Morellec, Enrique J. Schroth and Philip Valta
Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE), Università della Svizzera italiana (USI Lugano), Ecole Polytechnique Fédérale de Lausanne, EDHEC Business School and University of Bern
Downloads 890 (57,623)
Citation 8

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cash flow risk, permanent and transitory shocks, liquidity management

6.

Self-funding of Political Campaigns

HEC Paris Research Paper No. FIN-2016-1165
Number of pages: 65 Posted: 05 Jul 2016 Last Revised: 18 Nov 2021
Alexei V. Ovtchinnikov and Philip Valta
HEC Paris - Finance Department and University of Bern
Downloads 690 (80,747)
Citation 3

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Campaign self-funding; Voting behavior; Political campaigns; Incentives

7.

Debt Enforcement, Investment, and Risk Taking Across Countries

Journal of Financial Economics (JFE), Forthcoming, Swiss Finance Institute Research Paper No. 13-64
Number of pages: 49 Posted: 10 Jan 2014 Last Revised: 15 Sep 2016
Giovanni Favara, Erwan Morellec, Enrique J. Schroth and Philip Valta
Board of Governors of the Federal Reserve System, Ecole Polytechnique Fédérale de Lausanne, EDHEC Business School and University of Bern
Downloads 640 (88,941)
Citation 11

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Debt renegotiation, Default; Investment , Asset sales, Risk-taking

8.

Strategic Default, Debt Structure, and Stock Returns

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 56 Posted: 06 Mar 2008 Last Revised: 26 Feb 2014
Philip Valta
University of Bern
Downloads 619 (92,805)
Citation 11

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Debt Structure, Debt Renegotiation, Stock Returns

9.

Corporate Contributions to Ballot Measure Campaigns: Real Effects and Valuation

Swiss Finance Institute Research Paper No. 21-23
Number of pages: 65 Posted: 10 Mar 2021 Last Revised: 24 Jul 2024
Rüdiger Fahlenbrach, Alexei V. Ovtchinnikov and Philip Valta
École Polytechnique Fédérale de Lausanne (EPFL), HEC Paris - Finance Department and University of Bern
Downloads 296 (218,836)

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Ballot initiatives, Direct democracy, Corporate political contributions, Real effects

10.

How Does Competition Affect Zombie Firms?

Number of pages: 42 Posted: 27 Dec 2022
Marc Brunner, Angela De Martiis and Philip Valta
University of Bern - Institute for Financial Management, University of Bern, Institute for Financial Management and University of Bern
Downloads 240 (270,857)

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D22, E44, G31, G32, G33 Zombie firms, Product market competition, Financial policies

11.

What do Market Participants Learn from Share Repurchases? Evidence from a Return Decomposition

Number of pages: 52 Posted: 26 Jul 2021 Last Revised: 06 Jun 2023
Philip Valta and Sascha Jakob
University of Bern and University of Bern
Downloads 211 (306,675)

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Share repurchases, Return Decomposition, Cost of Capital, Buyback Anomaly

12.

Loan Renegotiation and Stock Returns: The Role of Insider Trading

Number of pages: 52 Posted: 05 Jun 2023 Last Revised: 08 Jan 2025
Christian Steiner and Philip Valta
University of Bern - Institute for Financial Management and University of Bern
Downloads 141 (436,565)

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Stock returns, Loan renegotiation, Insider trading, Information

13.

Competition and the Boundaries of the Firm: Evidence from Offshoring 

Number of pages: 57 Posted: 16 Aug 2024
Tiago Loncan and Philip Valta
King’s College London - King's Business School and University of Bern
Downloads 75 (675,851)

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Competition, Offshoring, Outsourcing, Firm boundaries, Cost minimization JEL Classification Numbers: F23, G31

14.

The Real Effects of Valuation Mistakes: Estimates from Mergers and Acquisitions

Number of pages: 49 Posted: 04 Mar 2025
François Derrien, Johan Hombert, Alexei V. Ovtchinnikov and Philip Valta
HEC Paris - Finance Department, HEC Paris - Finance Department, HEC Paris - Finance Department and University of Bern
Downloads 50 (830,501)

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Merger premium, Acquisition probability, Non-proportional thinking JEL Classification Numbers: G34, G41

15.

Strategic Default and Equity Risk Across Countries

Journal of Finance, 67(6), 2012
Posted: 23 Jul 2010 Last Revised: 28 Nov 2013
Giovanni Favara, Enrique J. Schroth and Philip Valta
HEC University of Lausanne, EDHEC Business School and University of Bern

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Debt Enforcement, Strategic Default, Liquidation Costs, Equity Risk