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Philip Valta
Professor of Finance University of Bern
Contact: University of Bern Institute of Financial Management Engehaldenstrasse 4 3012 Bern Switzerland
Email: philip.valta [at] unibe [dot] ch Tel: +41 (0)31 684 37 12
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Publications
Competition and the Cost of Debt Journal of Financial Economics (2012) 105, 661-682.
Strategic Default and Equity Risk Across Countries, (with Giovanni Favara and Enrique Schroth) Journal of Finance (2012) 67, 2051-2095.
Financing Investment: The Choice between Bonds and Bank Loans, (with Erwan Morellec and Alexei Zhdanov) Management Science (2015) 61, 2580-2602.
Strategic Default, Debt Structure, and Stock Returns Journal of Financial and Quantitative Analysis (2016) 51, 1-33.
How Does Corporate Investment Respond to Increased Entry Threat?, (with Laurent Frésard) Review of Corporate Finance Studies (2016) 5, 1-35. Data: Tariff data for manufacturing industries (SIC4) - 1974-2005 (zipped file)
Debt Enforcement, Investment, and Risk Taking Across Countries (with Erwan Morellec, Giovanni Favara, and Enrique Schroth) Journal of Financial Economics (2017) 123, 22-41.
Understanding Cash Flow Risk (with Sebastian Gryglewicz, Loriano Mancini, Erwan Morellec, and Enrique Schroth) Review of Financial Studies (2022) 35, 3922-3972.
Industry Asset Revaluations Around Public and Private Acquisitions (with François Derrien, Laurent Frésard, and Victoria Slabik) Journal of Financial Economics (2023), 147, 243-269. Blog Post in the Harvard Law School Forum on Corporate Governance
Self-funding of Political Campaigns (with Alexei Ovtchinnikov) Management Science, Forthcoming
Working papers (my SSRN website)
Direct Democracy, Corporate Political Strategy, and Firm Value (with Ruediger Fahlenbrach and Alexei Ovtchinnikov)
What do Market Participants Learn from Share Repurchases? Evidence from a Return Decomposition (with Sascha Jakob)
How Does Competition affect Zombie Firms? (with Marc Brunner and Angela De Martiis)
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