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

12

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6,892

SSRN CITATIONS
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SSRN RANKINGS

Top 5,263

in Total Papers Citations

285

CROSSREF CITATIONS

9

Scholarly Papers (12)

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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 1,464 (21,041)
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 1,069 (33,431)
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 819 (48,475)
Citation 1

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

4.

Competition and the Cost of Debt

Downloads 787 (51,065)
Citation 103

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 664 (63,121)
Citation 6

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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 123 (362,977)
Citation 98

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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 662 (64,231)
Citation 2

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cash flow risk, permanent and transitory shocks, liquidity management

6.

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 584 (75,260)
Citation 11

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

7.

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 545 (82,061)
Citation 11

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Debt Structure, Debt Renegotiation, Stock Returns

8.

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 539 (83,186)
Citation 3

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

9.

Corporate Contributions to Ballot Measure Campaigns: Real Effects and Valuation

Swiss Finance Institute Research Paper No. 21-23
Number of pages: 56 Posted: 10 Mar 2021 Last Revised: 25 Apr 2023
Rüdiger Fahlenbrach, Alexei V. Ovtchinnikov and Philip Valta
Ecole Polytechnique Fédérale de Lausanne, HEC Paris - Finance Department and University of Bern
Downloads 205 (236,435)

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

10.

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

Number of pages: 58 Posted: 26 Jul 2021 Last Revised: 06 Nov 2022
Philip Valta and Sascha Jakob
University of Bern and University of Bern
Downloads 144 (320,488)

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

11.

How Does Competition Affect Zombie Firms?

Number of pages: 43 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 74 (507,378)

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Zombie firms, Product market competition, Financial policies

12.

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