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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.
Self-funding of Political Campaigns (with Alexei Ovtchinnikov) Management Science, (2023) 69, 2425-2448.
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
What do Market Participants Learn from Share Repurchases? Evidence from a Return Decomposition (with Sascha Jakob) Journal of Corporate Finance (2024) 82.
Other Publications
Reproducibility in Management Science (Fišar, Greiner, Huber, Katok, Ozkes, and the Management Science Reproducibility Collaboration) Forthcoming, Management Science. Member of the Management Science Reproducibility Collaboration
Working papers (my SSRN website)
Competition and the Boundaries of the Firm: Evidence from Offshoring (with Tiago Loncan)
Loan renegotiation and stock returns: The role of insider information (with Christian Steiner) Best Paper Award at the 2023 Meeting of the French Finance Association
Corporate Contributions to Ballot Measure Campaigns: Real Effects and Valuation (with Ruediger Fahlenbrach and Alexei Ovtchinnikov)
How Does Competition affect Zombie Firms? (with Marc Brunner and Angela De Martiis)
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