Search Results - "Nadauld, Taylor D."

The liquidity cost of private equity investments: Evidence from secondary market transactions by Nadauld, Taylor D., Sensoy, Berk A., Vorkink, Keith, Weisbach, Michael S.

“…This paper uses proprietary data from a leading intermediary to explain the magnitude and determinants of transaction costs in the secondary market for private…”
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Monthly Payment Targeting and the Demand for Maturity by Argyle, Bronson S., Nadauld, Taylor D., Palmer, Christopher J.

“…We document three phenomena we jointly refer to as monthly payment targeting. First, using data from 500,000 used auto loans and discontinuities in contract…”
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A Direct Test of Agency Theories of Debt: Evidence from Residential Mortgage-Backed Securities by Huang, Yilin, Nadauld, Taylor D

“…When a firm is facing default, equity holders have incentives to engage in asset substitution, underinvest, or directly transfer wealth. Few papers document…”
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The impact of securitization on the expansion of subprime credit by Nadauld, Taylor D., Sherlund, Shane M.

“…This paper investigates the relationship between securitization activity and the extension of subprime credit. The analysis is motivated by two sets of…”
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Did securitization affect the cost of corporate debt? by Nadauld, Taylor D., Weisbach, Michael S.

“…This paper investigates whether the securitization of corporate bank loan facilities had an impact on the price of corporate debt. Our results suggest that…”
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Discount‐Rate Risk in Private Equity: Evidence from Secondary Market Transactions by BOYER, BRIAN H., NADAULD, TAYLOR D., VORKINK, KEITH P., WEISBACH, MICHAEL S.

“…ABSTRACT Measures of private equity (PE) performance based on cash flows do not account for a discount‐rate risk premium that is a component of the capital…”
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Final Demand for Structured Finance Securities by Merrill, Craig B, Nadauld, Taylor D, Strahan, Philip E

“…Structured finance boomed during the run-up to the 2008 financial crisis. Highly rated, structured securities offered higher yield than other similarly rated…”
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Were there fire sales in the RMBS market? by Merrill, Craig B., Nadauld, Taylor D., Stulz, René M., Sherlun, Shane M.

“…•Prices of residential mortgage-back securities fell sharply during the global financial crisis.•These prices fell in part because of forced sales.•Risk-based…”
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Real Effects of Search Frictions in Consumer Credit Markets by Argyle, Bronson, Nadauld, Taylor, Palmer, Christopher

“…Abstract We show that search frictions in credit markets affect accepted interest rates and loan sizes and distort consumption. Using data on car loan…”
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