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Philip Valta

  

Full Professor of Finance

University of Bern

 

Contact:

University of Bern

Institute for Financial Management

Engehaldenstrasse 4

3012 Bern

Switzerland

http://www.ifm.unibe.ch

 

   

Email: philip.valta [at] ifm.unibe [dot] ch

Tel: +41 (0)31 631 37 12

   

Curriculum Vitae

 

Google Scholar Page

 

 

 

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.

 

 

Working papers (my SSRN website)

 

Debt and Incentives in Political Campaigns (with Alexei Ovtchinnikov)

 

Transitory versus Permanent Shocks: Explaining Corporate Savings and Investment

(with Sebastian Gryglewicz, Loriano Mancini, Erwan Morellec, and Enrique Schroth)

 

The Negative Effects of Mergers and Acquisitions on the Value of Rivals

(with Francois Derrien, Laurent Fresard, and Victoria Slabik)

 

 

Teaching

 

M.Sc. (University of Bern): Financing and Capital Structure

M.Sc. (University of Bern): Cases in Finance

M.Sc. (University of Bern): Current Issues in Finance

 

PhD (Swiss Finance Institute): Empirical Methods in Corporate Finance

 

M.Sc. (University of Lausanne): Valuation and Merger & Acquisitions