Swiss Finance Institute Assistant Professor


University of Geneva and Swiss Finance Institute

Geneva School of Economics and Management (GSEM)

Geneva Finance Research Institute (GFRI


Bd. du Pont d’Arve 40

1211 Geneva



Email: philip.valta [at] unige [dot] ch

Tel: +41 (0)22 379 97 58

Pignon building, Office # 404,


My Curriculum Vitae is available here




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, Forthcoming



Working papers (my SSRN website)


Debt in Political Campaigns (with Alexei Ovtchinnikov)



Teaching UNIGE


Corporate Finance