Access Statistics for Michael Steven Weisbach

Author contact details at EconPapers.

Working Paper File Downloads Abstract Views
Last month 3 months 12 months Total Last month 3 months 12 months Total
A Framework for Assessing Corporate Governance Reform 0 0 0 257 0 2 3 843
All Clear for Takeoff: Evidence from Airports on the Effects of Infrastructure Privatization 0 0 0 4 2 3 6 16
All Clear for Takeoff: Evidence from Airports on the Effects of Infrastructure Privatization 0 0 0 12 4 9 14 41
Assessing Managerial Ability: Implications for Corporate Governance 0 0 0 26 1 3 4 39
Assessing Managerial Ability: Implications for Corporate Governance 0 0 0 44 3 3 6 100
Boards of Directors as an Endogenously Determined Institution: A Survey of the Economic Literature 0 1 4 916 13 23 49 2,866
Borrow Cheap, Buy High? The Determinants of Leverage and Pricing in Buyouts 0 0 0 36 2 3 4 196
Borrow Cheap, Buy High? The Determinants of Leverage and Pricing in Buyouts 0 0 0 52 1 3 4 193
Borrow Cheap, Buy High? The Determinants of Leverage and Pricing in Buyouts 0 0 0 40 3 5 10 222
Borrow Cheap, Buy High? The Determinants of Leverage and Pricing in Buyouts 0 1 1 123 1 4 9 483
Borrow cheap, buy high? The determinants of leverage and pricing in buyouts 0 1 1 13 4 9 10 102
Borrow cheap, buy high? The determinants of leverage and pricing in buyouts 0 0 0 1 2 4 6 9
Buyouts: A Primer 0 0 10 26 0 2 20 46
Buyouts: A Primer 0 0 0 5 3 4 4 31
CEO Investment Cycles 0 0 0 15 4 7 11 134
CEO Investment Cycles 0 0 0 32 1 2 3 73
Climate Change, Demand Uncertainty, and Firms' Investments: Evidence from Planned Power Plants 0 0 1 12 2 6 13 28
Climate Change, Operating Flexibility and Corporate Investment Decisions 0 1 1 48 2 6 14 96
Climate Change, Operating Flexibility, and Corporate Investment Decisions 0 0 0 32 3 4 4 33
Corporate Demand for Liquidity 0 0 1 425 3 12 16 1,337
Corporate Financial and Investment Policies When Future Financing Is Not Frictionless 0 0 0 76 1 5 8 331
Corporate Financial and Investment Policies when Future Financing is not Frictionless 1 1 1 162 4 6 7 676
Corporate Governance and Hostile Takeover 0 0 0 1 3 4 4 1,710
Corporate Liquidity Management: A Conceptual Framework and Survey 0 0 2 193 7 16 29 817
Corporate Liquidity Management: A Conceptual Framework and Survey 0 1 1 44 1 10 12 231
Corporate Liquidity, Acquisitions, and Macroeconomic Conditions 0 0 0 19 3 3 5 82
Corporate Liquidity, Acquisitions, and Macroeconomic Conditions 0 0 0 11 1 2 3 42
Cross-Border Mergers and Acquisitions 0 0 1 15 1 2 11 38
Cross-Border Mergers and Acquisitions 0 0 4 41 1 3 12 51
Did Securitization Affect the Cost of Corporate Debt? 0 0 0 24 1 1 3 118
Did Securitization Affect the Cost of Corporate Debt? 0 0 0 33 1 3 6 177
Discount Rate Risk in Private Equity: Evidence from Secondary Market Transactions 0 0 0 13 0 0 3 40
Discount Rate Risk in Private Equity: Evidence from Secondary Market Transactions 0 0 1 12 5 10 15 51
Do Acquisitions Relieve Target Firms' Financial Constraints? 0 0 0 82 2 3 5 188
Do Acquisitions Relieve Target Firms' Financial Constraints? 0 0 1 24 0 0 3 87
Do Firms Go Public to Raise Capital? 0 0 1 254 0 2 5 1,072
Does Uncertainty about Management Affect Firms' Costs of Borrowing? 0 0 0 5 0 1 2 44
Does Uncertainty about Management Affect Firms’ Costs of Borrowing? 0 0 0 14 0 0 0 54
Endogenously Chosen Boards of Directors and Their Monitoring of the CEO 1 2 7 511 6 10 36 1,589
Endogenously Chosen Boards of Directors and Their Monitoring of the CEO 1 1 3 586 4 8 25 2,003
Equity-Holding Institutional Lenders: Do They Receive Better Terms? 0 0 0 13 3 5 7 96
Equity-Holding Institutional Lenders: Do they Receive Better Terms? 0 0 0 8 1 1 2 93
Financing-Motivated Acquisitions 0 0 0 19 4 7 7 86
Financing-Motivated Acquisitions 0 0 0 8 1 2 4 46
Horses and Rabbits? Optimal Dynamic Capital Structure from Shareholder and Manager Perspectives 0 0 0 395 1 1 2 1,608
Hospital Governance, Performance Objectives, and Organizational Form 0 0 0 1,104 3 6 8 4,628
How Financial Management Affects Institutional Investors’ Portfolio Choices: Evidence from Insurers 0 0 0 25 2 2 2 54
How Management Risk Affects Corporate Debt 0 0 0 33 1 1 2 75
How Management Risk Affects Corporate Debt 0 0 0 49 2 5 7 92
Incentives of Divisional Managers: Evidence from Texax Banks 0 0 0 0 2 2 2 232
Incentives of Private Equity General Partners from Future Fundraising 0 0 0 39 1 2 8 144
Indirect Incentives of Hedge Fund Managers 0 0 0 38 0 4 7 80
Indirect Incentives of Hedge Fund Managers 0 0 0 14 0 2 3 48
Information Disclosure and Corporate Governance 0 0 1 130 2 3 6 378
Information Disclosure and Corporate Governance 0 2 2 153 3 6 6 472
Learning about CEO Ability and Stock Return Volatility 0 0 1 27 4 4 6 93
Learning about CEO Ability and Stock Return Volatility 0 0 0 19 0 4 7 104
Leverage and Pricing in Buyouts: An Empirical Analysis 0 1 2 204 1 2 4 529
Leverage and Pricing in Buyouts: An Empirical Analysis 0 1 5 267 1 6 15 712
Limited Partner Performance and the Maturing of the Private Equity Industry 0 0 0 11 1 2 3 66
Limited Partner Performance and the Maturing of the Private Equity Industry 0 0 2 18 0 1 7 118
Macroeconomic Conditions and Capital Raising 0 0 3 92 3 6 12 452
Macroeconomic Conditions and Capital Raising 0 0 0 112 3 5 7 422
Macroeconomic Conditions and Capital Raising 0 0 0 56 2 4 4 241
Management Risk and the Cost of Borrowing 0 0 0 7 1 1 3 82
Market Conditions and the Structure of Securities 0 0 0 20 0 1 3 85
Market Conditions and the Structure of Securities 0 0 0 29 2 2 5 196
Measuring Institutional Investors' Skill from Their Investments in Private Equity 0 0 0 9 0 2 2 38
Measuring Institutional Investors’ Skill from Their Investments in Private Equity 0 0 0 3 3 5 7 38
Measuring Investment Distortions when Risk-Averse Managers Decide Whether to Undertake Risky Projects 0 0 0 210 1 3 6 753
Motivations for Public Equity Offers: An International Perspective 0 0 1 143 3 6 12 482
Optimal Executive Compensation vs. Managerial Power: A Review of Lucian Bebchuk and Jesse Fried's "Pay without Performance: The Unfulfilled Promise of Executive Compensation" 0 0 2 212 6 7 13 858
Pay for Performance from Future Fund Flows: The Case of Private Equity 0 0 0 13 2 3 5 134
Pay for Performance from Future Fund Flows: The Case of Private Equity 0 0 0 43 4 6 8 180
Price Risk, Production Flexibility, and Liquidity Management: Evidence from Electricity Generating Firms 0 0 0 47 2 4 6 60
Price Risk, Production Flexibility, and Liquidity Management: Evidence from Electricity Generating Firms 0 0 0 25 2 4 4 39
Private Benefits and Cross-Listings in the United States 0 0 1 174 4 5 7 662
Private Equity Indices Based on Secondary Market Transactions 0 0 0 1 1 3 3 26
Private Equity Indices Based on Secondary Market Transactions 0 1 1 20 1 9 19 99
Protection of Minority Shareholder Interests, Cross-listings in the United States, and Subsequent Equity Offerings 0 0 0 800 2 5 7 5,161
Relationship-Specific Investments and Firms' Boundaries: Evidence from Textual Analysis of Patents 0 0 0 11 3 7 12 28
Risk Perceptions, Board Networks, and Directors' Monitoring 0 0 0 2 0 1 3 11
Risk Perceptions, Board Networks, and Directors’ Monitoring 0 0 0 14 2 4 7 36
Risk-Adjusting the Returns to Private Debt Funds 0 0 2 59 0 4 15 135
Risk-Adjusting the Returns to Private Debt Funds 0 0 1 2 0 0 6 10
Selecting Directors Using Machine Learning 0 0 0 89 3 7 11 177
Selecting Directors Using Machine Learning 0 2 2 51 2 8 10 145
Specialized Investments and Firms' Boundaries: Evidence from Textual Analysis of Patents 0 0 0 8 2 3 5 32
Specialized Investments and Firms’ Boundaries: Evidence from Textual Analysis of Patents 0 0 0 14 1 5 9 58
Syndicated Loan Spreads and the Composition of the Syndicate 0 0 0 17 1 2 4 111
Syndicated Loan Spreads and the Composition of the Syndicate 0 1 1 18 1 3 4 80
THE ECONOMIC EFFECTS OF FRANCHISE TERMINATION LAWS 0 0 0 2 1 1 2 923
The Cash Flow Sensitivity of Cash: Replication, Extension, and Robustness 0 1 5 27 5 8 18 76
The Corporate Finance of Multinational Firms 0 0 1 31 1 3 15 155
The Corporate Finance of Multinational Firms 1 2 5 17 6 10 25 71
The Economics of Has-Beens 0 0 0 88 0 4 4 533
The Economics of PIPEs 0 0 0 9 1 4 8 71
The Liquidity Cost of Private Equity Investments: Evidence from Secondary Market Transactions 0 0 0 8 0 6 8 51
The Liquidity Cost of Private Equity Investments: Evidence from Secondary Market Transactions 0 0 0 24 3 7 11 88
The Role of Boards of Directors in Corporate Governance: A Conceptual Framework and Survey 0 0 1 244 3 7 15 924
The Role of Boards of Directors in Corporate Governance: A Conceptual Framework and Survey 1 2 6 922 8 20 49 3,844
The Role of Financial Conditions in Portfolio Choices: The Case of Insurers 0 0 0 17 2 2 2 57
The State of Corporate Governance Research 0 0 0 582 6 9 13 1,587
The State of Corporate Governance Research 0 0 0 172 1 1 8 322
The Success of Acquisitions: Evidence From Disvestitures 0 1 2 226 6 12 25 784
Transparency and Corporate Governance 0 0 2 415 2 5 12 1,622
Understanding Corporate Governance Through Learning Models of Managerial Competence 0 0 0 37 1 4 6 128
Understanding Corporate Governance through Learning Models of Managerial Competence 0 0 0 9 0 3 4 51
What Determines the Structure of Corporate Debt Issues? 0 0 0 57 1 2 3 241
What Determines the Structure of Corporate Debt Issues? 1 1 2 118 2 3 5 501
What Do Boards Really Do? Evidence from Minutes of Board Meetings 0 0 0 33 0 3 6 110
What do Boards Really Do? Evidence from Minutes of Board Meetings 0 0 0 42 0 4 14 223
Why Are Buyouts Levered? The Financial Structure of Private Equity Funds 0 0 1 140 1 2 4 334
Why are Buyouts Leveraged? The Financial Structure of Private Equity Firms 0 0 0 505 0 2 6 1,164
Why are Buyouts Levered: The Financial Structure of Private Equity Funds 0 0 0 744 2 4 6 2,126
Why are Buyouts Levered? The Financial Structure of Private Equity Funds 0 0 0 358 1 2 5 920
World Market for Mergers and Acquisitions 0 0 0 89 0 2 3 226
World Markets for Mergers and Acquisitions 0 0 0 43 0 1 2 109
World Markets for Mergers and Acquisitions 0 0 0 95 0 1 2 224
World Markets for Raising New Capital 0 0 0 278 1 2 6 939
Total Working Papers 6 24 93 14,446 239 530 1,025 55,278


Journal Article File Downloads Abstract Views
Last month 3 months 12 months Total Last month 3 months 12 months Total
An Agency Perspective on Franchising 0 0 0 0 1 3 15 882
Boards of directors as an endogenously determined institution: a survey of the economic literature 1 6 18 1,643 8 32 89 5,646
Borrow Cheap, Buy High? The Determinants of Leverage and Pricing in Buyouts 1 7 20 147 13 33 93 641
CEO Investment Cycles 1 1 1 43 3 4 12 208
CEO turnover and the firm's investment decisions 1 3 5 226 2 8 15 523
Corporate Liquidity Management: A Conceptual Framework and Survey 0 3 6 157 9 22 49 685
Corporate Liquidity, Acquisitions, and Macroeconomic Conditions 1 1 4 14 2 4 10 63
Corporate financial and investment policies when future financing is not frictionless 0 1 9 152 4 13 57 775
Corporate governance and hostile takeovers 0 0 0 94 4 4 5 234
Determinants of Cross‐Border Mergers and Acquisitions 2 14 45 207 15 47 133 507
Did securitization affect the cost of corporate debt? 0 1 1 66 1 3 11 352
Discount‐Rate Risk in Private Equity: Evidence from Secondary Market Transactions 0 0 3 20 5 14 33 96
Do Acquisitions Relieve Target Firms’ Financial Constraints? 0 0 4 73 1 3 14 367
Endogenously Chosen Boards of Directors and Their Monitoring of the CEO 2 7 24 870 7 25 92 2,678
Financial flexibility and the choice between dividends and stock repurchases 0 4 27 854 5 17 72 2,146
Governance, performance objectives and organizational form: evidence from hospitals 1 1 3 95 2 4 8 408
Horses and Rabbits? Trade-Off Theory and Optimal Capital Structure 0 0 2 82 2 3 5 287
How Management Risk Affects Corporate Debt 0 0 1 9 2 5 9 71
Indirect Incentives of Hedge Fund Managers 0 0 0 15 2 11 12 130
Information Disclosure and Corporate Governance 1 3 9 164 20 30 60 708
Learning About CEO Ability and Stock Return Volatility 0 0 0 29 2 3 10 203
Limited partner performance and the maturing of the private equity industry 0 1 7 125 4 20 41 510
Macroeconomic Conditions and Capital Raising 0 1 2 139 1 4 11 592
Measuring Institutional Investors’ Skill at Making Private Equity Investments 0 0 3 26 1 4 16 116
Measuring Investment Distortions when Risk-Averse Managers Decide Whether to Undertake Risky Projects 0 0 0 0 1 3 8 552
Measuring investment distortions arising from stockholder-bondholder conflicts 0 0 2 317 2 2 10 880
Motivations for public equity offers: An international perspective 2 7 11 398 3 15 43 1,127
Open-end mutual funds and capital-gains taxes 0 0 1 30 2 3 6 128
Optimal Executive Compensation versus Managerial Power: A Review of Lucian Bebchuk and Jesse Fried's Pay without Performance: The Unfulfilled Promise of Executive Compensation 0 0 0 7 2 3 3 352
Outside directors and CEO turnover 2 8 36 2,390 7 26 85 5,933
Pay for Performance from Future Fund Flows: The Case of Private Equity 0 1 5 61 5 10 33 333
Private benefits and cross-listings in the United States 0 0 0 83 0 2 4 352
Protection of minority shareholder interests, cross-listings in the United States, and subsequent equity offerings 0 2 4 246 6 14 34 1,044
Reversions of Excess Pension Assets after Takeovers 0 0 0 29 1 1 2 306
Selecting Directors Using Machine Learning 0 1 4 16 6 10 24 94
Syndicated loan spreads and the composition of the syndicate 0 1 3 168 1 3 14 668
The Cash Flow Sensitivity of Cash: Replication, Extension, and Robustness 0 1 4 4 6 9 13 13
The Determinants of Board Composition 0 2 8 703 6 13 38 2,103
The Economic Effects of Franchise Termination Laws 0 0 0 3 0 3 6 425
The Economics of Has-beens 0 1 1 99 0 2 5 606
The Effects of Board Composition and Direct Incentives on Firm Performance 0 0 0 0 9 26 108 4,167
The Role of Boards of Directors in Corporate Governance: A Conceptual Framework and Survey 1 3 7 513 22 51 87 2,052
The State of Corporate Governance Research 0 0 4 95 1 3 22 474
The Success of Acquisitions: Evidence from Divestitures 2 4 14 741 10 17 42 2,304
The economics of PIPEs 0 0 1 16 5 12 15 81
The liquidity cost of private equity investments: Evidence from secondary market transactions 1 4 7 32 4 15 28 162
The role of financial conditions in portfolio choices: The case of insurers 0 0 2 14 5 9 20 66
What do boards really do? Evidence from minutes of board meetings☆☆Miriam Schwartz-Ziv is from Harvard University and Northeastern University, e-mail: miriam.schwartz@mail.huji.ac.il. Michael S. Weisbach is from Ohio State University, NBER, and SIFR, e-mail: weisbach@fisher.osu.edu. Miriam Schwartz-Ziv is very grateful to Eugene Kandel and Michael Weisbach, the co-advisors of her Hebrew University doctoral dissertation, upon which this paper is based. We thank the executive and non-executive employees of the Government Companies Authority of Israel who allowed us both formally and practically to conduct this research; the companies studied that kindly provided us with private and sensitive data; and seminar participants at Babson University, Brown University, Northeastern University, Ohio State University, Purdue University, the European Financial Management Association 2011 conference, the Western Economic Association 2012 conference, and the Financial Management Association 2012 conference, as well as the following people who shared their thoughts and advice at different stages of the preparation of this paper: Renée Adams, Amir Barnea, Steven Davidoff, Ada Demb, Dave Denis, Alon Eizenberg, Isil Erel, Rudi Fahlenbrach, Julian Franks, Ann Gillette, Ilan Guttman, Assaf Hamdani, Randal Heron, E. Han Kim, Stephanie Kramer, Saul Lach, Alexander Ljungqvist, Udi Nisan, Nadya Malenko, Avri Ravid, Artur Raviv, Karen Selody, Daniel Schwartz, Schraga Schwartz, Eytan Sheshinski, Léa Stern, Yuhai Xuan, Jun Yang, Scott Yonker, Tammar Zilber, and Clifford Smith, the referee, Miriam Schwartz-Ziv also thanks the Israeli Ministry of Science and Technology and Hebrew University's School of Business Administration for financial support 0 0 1 53 0 0 8 871
Why Are Buyouts Levered? The Financial Structure of Private Equity Funds 0 3 13 329 5 13 43 966
World markets for raising new capital 0 0 0 178 1 2 6 602
Total Journal Articles 19 92 322 11,775 226 583 1,579 45,489


Book File Downloads Abstract Views
Last month 3 months 12 months Total Last month 3 months 12 months Total
Corporate Governance 0 0 0 0 7 11 14 204
Total Books 0 0 0 0 7 11 14 204


Chapter File Downloads Abstract Views
Last month 3 months 12 months Total Last month 3 months 12 months Total
Cross-border mergers and acquisitions 3 5 12 18 10 22 50 77
Selecting Directors Using Machine Learning 0 0 0 0 4 8 13 37
The State of Corporate Governance Research 0 0 0 0 28 33 46 321
The State of Corporate Governance Research 0 0 0 0 2 4 7 15
Total Chapters 3 5 12 18 44 67 116 450


Statistics updated 2026-01-09