We study retail deposit withdrawals from commercial banks that were differentially exposed
to distress during the 2007–2009 financial crisis. We show that the propensity of clients to …

In this paper, we investigate the role of educational ties in private equity. Although we cannot
observe all the funds that bid for a target company, we construct the set of potential bidders …

We study retail deposit withdrawals from European commercial banks which incurred
investment losses in the wake of the US subprime crisis. We document a strong propensity of …

In this paper, we investigate whether the educational background of private equity managers,
which represents an important part of their human capital, impacts fund performance. In …

We empirically investigate the benefits of multiple ratings not only at issuance of debt
instruments but also during the subsequent monitoring phase. Using a record of monthly credit …

When investors commit capital to a private equity fund, the money is not immediately invested
but is called by the fund manager throughout an investment period of up to five years. The …

As observed throughout the financial crisis in 2008, credit default swaps (CDSs) are exposed
not only to the credit risk of the underlying reference entity but also to the counterparty risk …

We study deposit withdrawals by retail customers of two large Swiss banks after these banks
incurred substantial investment losses in the wake of the US subprime crisis. Our analysis …

When investors commit capital to a private equity fund, the money is not immediately invested
but is called by the fund manager throughout an investment period of up to five years. This …

We compare liquidity patterns of 10,979 failed and non‐failed US banks from 2001 to mid‐2010
and detect diverging capital structures: failing banks distinctively change their liquidity …