Selected Publications — Erwan Morellec

Journal articles

Product market competition and option prices
with Alexei Zhdanov, Review of Financial Studies, Forthcoming.

Agency conflicts around the world
with Boris Nikolov and Norman Schuerhoff, Review of Financial Studies, 31(11):4232-4287, 2018.

Bank capital,liquid reserves, and insolvency risk (Online appendix)
with Julien Hugonnier, Journal of Financial Economics, 125(2): 266–285, 2017.

Corporate policies with permanent and transitory shocks
with Jean-Paul Décamps, Sebastian Gryglewicz, and Stéphane Villeneuve, Review of Financial Studies, 30(1): 162-210, 2017.

Debt enforcement, investment, and risk-taking across countries
with Giovanni Favara, Enrique Schroth, and Philip Valta, Journal of Financial Economics,123(1): 22-41, 2017.

Capital supply uncertainty, cash holdings and investment (Online appendix)
with Julien Hugonnier and Semyon Malamud, Review of Financial Studies, 28(2): 391–445, 2015.

Credit market frictions and capital structure dynamics (Online appendix)
with Julien Hugonnier and Semyon Malamud, Journal of Economic Theory, 157: 1130–1158, 2015.

Financing investment: The choice between bonds and bank loans
with Philip Valta and Alexei Zhdanov, Management Science, 61(11): 2580-2602, 2015.

Corporate governance and capital structure dynamics
with Boris Nikolov and Norman Schuerhoff, Journal of Finance, 67(3): 803-848, 2012.

Corporate investment and financing under asymmetric information
with Norman Schuerhoff, Journal of Financial Economics, 99(2): 262-288, 2011.

Dynamic investment and financing under personal taxation
with Norman Schuerhoff, Review of Financial Studies, 23(1): 101-146, 2010.

Financing and takeovers
with Alexei Zhdanov, Journal of Financial Economics, 87(3): 556-581, 2008.

Stock returns in mergers and acquisitions
with Dirk Hackbarth, Journal of Finance, 63(3): 1203-1242, 2008.

Closed-form solutions to stochastic switching problems
with Pascal François, Journal of Mathematical Economics, 44(11): 1072-1083, 2008.

Agency conflicts and risk management
with Clifford W. Smith, Review of Finance, 11(1): 1-23, 2007.

Corporate control and real investment in incomplete markets
with Julien Hugonnier, Journal of Economic Dynamics and Control, 31(5): 1781-1800, 2007.

Capital structure, credit risk, and macroeconomic conditions
with Dirk Hackbarth and Jianjun Miao, Journal of Financial Economics, 82(3): 519-550, 2006.

On the debt capacity of growth options
with Michael J. Barclay and Clifford W. Smith, Journal of Business, 79(1): 37-59, 2006.

Irreversible investment with regime shifts
with Xin Guo and Jianjun Miao, Journal of Economic Theory, 122(1): 37-59, 2005.

The dynamics of mergers and acquisitions
with Alexei Zhdanov, Journal of Financial Economics, 77(3): 649-672, 2005.

Can managerial discretion explain observed leverage ratios?
Review of Financial Studies, 17(1): 257-294.

Capital structure and asset prices: Some effects of bankruptcy procedures
with Pascal François, Journal of Business, 77(2): 387-411, 2004.

Asset liquidity, capital structure, and secured debt
Journal of Financial Economics, 61(2): 173-206, 2001.