Search Results - "Bergbrant, Mikael C."

Are founding families less willing to bear risk? Evidence from the currency exposure and internationalization strategy of family firms by Anderson, Ronald C., Bergbrant, Mikael C., Hunter, Delroy M., Reeb, David M.

“…Although theory predicts that family firms should be less willing to bear risk than nonfamily firms, prior empirical papers have not found support for this…”
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Macroeconomic Expectations and the Size, Value, and Momentum Factors by Bergbrant, Mikael C., Kelly, Patrick J.

“…When examining the sources of risk associated with priced factors, the prior literature often uses macroeconomic realizations to proxy for changes in…”
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How does currency risk impact firms? New evidence from bank loan contracts by Bergbrant, Mikael C., Francis, Bill B., Hunter, Delroy M.

“…We use unique features of the private credit market to examine if and how currency risk impacts firms' financing and whether currency risk is a priced…”
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Rivals’ competitive activities, capital constraints, and firm growth by Bergbrant, Mikael C., Hunter, Delroy M., Kelly, Patrick J.

“…We examine the impact of rivals’ competitive activities on firms’ quantity-of-capital constraints in 60 countries. Prior work shows that competition increases…”
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(How) do credit market conditions affect firms' post-hedging outcomes? Evidence from bank lending standards and firms' currency exposure by Bergbrant, Mikael C., Hunter, Delroy M.

“…Tighter bank lending standards could increase firms' post-hedging currency exposure by reducing firms' ability to fund hedging (funding channel) and/or by…”
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Does bank loan supply affect the supply of equity capital? Evidence from new share issuance and withdrawal by Bergbrant, Mikael C., Bradley, Daniel, Hunter, Delroy M.

“…We examine the hypothesis that fluctuations in the aggregate supply of bank loans influence the supply of new equity capital. Using residual lending standards…”
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Firm-Level Competition and Exchange Rate Exposure: Evidence from a Global Survey of Firms by Bergbrant, Mikael C., Campbell, Kaysia, Hunter, Delroy M.

“…We examine the effect of competition on exchange rate exposure using survey data from 55 countries. We find that exposure increases with the intensity of…”
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Does deposit insurance retard the development of non-bank financial markets? by Bergbrant, Mikael C., Campbell, Kaysia T., Hunter, Delroy M., Owers, James E.

“…Whether, and how, the introduction of deposit insurance affects non-bank financial market development depends on whether banks and non-bank financial markets…”
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On the Efficiency of U.S. Equity Markets by Bergbrant, Mikael C

“…Most papers in empirical finance implicitly or explicitly assume the same price of risk, for each priced systematic risk factor, across all risky assets within…”
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