John K. Wald

University of Texas at San Antonio

Professor

1 UTSA Circle

San Antonio, TX 78249

United States

SCHOLARLY PAPERS

34

DOWNLOADS
Rank 5,945

SSRN RANKINGS

Top 5,945

in Total Papers Downloads

8,791

SSRN CITATIONS
Rank 8,851

SSRN RANKINGS

Top 8,851

in Total Papers Citations

89

CROSSREF CITATIONS

54

Scholarly Papers (34)

1.

CEO Compensation, Director Compensation, and Firm Performance: Evidence of Cronyism

Number of pages: 48 Posted: 19 Apr 2002
Ivan E. Brick, Oded Palmon and John K. Wald
Rutgers Business School, Rutgers Business School and University of Texas at San Antonio
Downloads 1,969 (9,488)
Citation 57

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director compensation, CEO compensation, monitoring, firm performance

2.
Downloads 754 ( 39,902)
Citation 7

Too Much Pay Performance Sensitivity?

Number of pages: 51 Posted: 25 Mar 2008 Last Revised: 21 May 2010
Ivan E. Brick, Oded Palmon and John K. Wald
Rutgers Business School, Rutgers Business School and University of Texas at San Antonio
Downloads 754 (39,331)
Citation 7

Abstract:

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pay-performance sensitivity, stock returns, equity risk, agency problems

Too Much Pay-Performance Sensitivity?

Review of Economics and Statistics, Forthcoming
Posted: 30 Jul 2010
Ivan E. Brick, Oded Palmon and John K. Wald
Rutgers Business School, Rutgers Business School and University of Texas at San Antonio

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Pay-Performance Sensitivity, Stock Returns, Equity Risk, Agency

3.

Creditor Protection Laws and the Cost of Debt

1st Annual Conference on Empirical Legal Studies Paper, Journal of Law and Economics, Forthcoming
Number of pages: 33 Posted: 22 Mar 2006 Last Revised: 24 Mar 2009
Sattar Mansi, William F. Maxwell and John K. Wald
Virginia Polytechnic Institute & State University, Southern Methodist University (SMU) - Finance Department and University of Texas at San Antonio
Downloads 713 (43,009)
Citation 2

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state payout restrictions, antitakeover provisions, agency cost, corporate governance

The Impact of Macroeconomic and Financial Variables on Market Risk: Evidence from International Equity Returns

Number of pages: 40 Posted: 23 Feb 2001
Dilip K. Patro, Yangru Wu and John K. Wald
OCC, Rutgers University, Newark - School of Business - Department of Finance & Economics and University of Texas at San Antonio
Downloads 618 (51,384)
Citation 1

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World market risk, determinants of country risk exposure, panel estimation

The Impact of Macroeconomic and Financial Variables on Market Risk: Evidence from International Equity Returns

Number of pages: 27 Posted: 13 Feb 2003
Dilip K. Patro, Yangru Wu and John K. Wald
OCC, Rutgers University, Newark - School of Business - Department of Finance & Economics and University of Texas at San Antonio
Downloads 25 (599,130)
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5.
Downloads 639 ( 49,778)
Citation 3

Debt Covenants, Bankruptcy Risk, and Issuance Costs

Number of pages: 57 Posted: 09 Apr 2011 Last Revised: 22 Aug 2013
Sattar Mansi, Yaxuan Qi and John K. Wald
Virginia Polytechnic Institute & State University, City University of Hong Kong (CityUHK) - Department of Economics & Finance and University of Texas at San Antonio
Downloads 376 (94,426)
Citation 4

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bond covenants, loan covenants, bankruptcy risk

Debt Covenants, Bankruptcy Risk, and Issuance Costs

Number of pages: 57 Posted: 19 Mar 2011 Last Revised: 22 Aug 2013
Sattar Mansi, Yaxuan Qi and John K. Wald
Virginia Polytechnic Institute & State University, City University of Hong Kong (CityUHK) - Department of Economics & Finance and University of Texas at San Antonio
Downloads 263 (139,466)
Citation 2

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bond covenants, loan covenants, bankruptcy risk

6.

Political Rights and the Cost of Debt

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 60 Posted: 17 Mar 2008 Last Revised: 27 Jan 2013
Yaxuan Qi, John K. Wald and Lukas Roth
City University of Hong Kong (CityUHK) - Department of Economics & Finance, University of Texas at San Antonio and University of Alberta - Department of Finance and Statistical Analysis
Downloads 598 (54,414)
Citation 21

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Political institutions, creditor rights, cost of debt, bond yield spreads, freedom of the press, cross-listing

7.

Bond Covenants, Bankruptcy Risk, and the Cost of Debt

Number of pages: 62 Posted: 05 Jan 2021
Sattar Mansi, Yaxuan Qi and John K. Wald
Virginia Polytechnic Institute & State University, City University of Hong Kong (CityUHK) - Department of Economics & Finance and University of Texas at San Antonio
Downloads 528 (63,356)

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Survival analysis, Bond covenants, Bankruptcy risk, Cost of debt

How Legal Environments Affect the Use of Bond Covenants

Journal of International Business Studies (JIBS), Forthcoming
Number of pages: 49 Posted: 10 Feb 2009 Last Revised: 27 Jan 2013
Yaxuan Qi, Lukas Roth and John K. Wald
City University of Hong Kong (CityUHK) - Department of Economics & Finance, University of Alberta - Department of Finance and Statistical Analysis and University of Texas at San Antonio
Downloads 338 (106,595)

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Covenants, contracts, creditor rights, shareholder rights, corporate governance

How Legal Environments Affect the Use of Bond Covenants

Number of pages: 52 Posted: 21 Mar 2009 Last Revised: 21 Jul 2013
Yaxuan Qi, Lukas Roth and John K. Wald
City University of Hong Kong (CityUHK) - Department of Economics & Finance, University of Alberta - Department of Finance and Statistical Analysis and University of Texas at San Antonio
Downloads 124 (272,298)
Citation 3

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Covenants, contracts, creditor rights, shareholder rights, corporate governance

9.

Adding Bankruptcy to Models of Investment

Number of pages: 18 Posted: 24 Apr 2000
John K. Wald
University of Texas at San Antonio
Downloads 344 (105,192)
Citation 1

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investment, bankruptcy, liquidity constraints

10.

The Causes and Consequences of Securities Class Action Litigation

Number of pages: 49 Posted: 24 Apr 2009 Last Revised: 04 Jan 2011
Brian Carson McTier and John K. Wald
University of Texas at San Antonio and University of Texas at San Antonio
Downloads 281 (130,852)
Citation 7

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Securities Class Action Lawsuits, Governance, Agency Problems

11.

Creditor Protection Laws, Debt Financing, and Corporate Investment over the Business Cycle

Number of pages: 45 Posted: 30 Aug 2012 Last Revised: 18 Aug 2016
Yaxuan Qi, Lukas Roth and John K. Wald
City University of Hong Kong (CityUHK) - Department of Economics & Finance, University of Alberta - Department of Finance and Statistical Analysis and University of Texas at San Antonio
Downloads 256 (143,935)
Citation 1

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Business Cycles, Creditor Rights, Agency Costs, Debt Financing, Investment

12.

Payout Policy with Legal Restrictions

Number of pages: 58 Posted: 14 May 2009 Last Revised: 25 Feb 2011
Sattar Mansi and John K. Wald
Virginia Polytechnic Institute & State University and University of Texas at San Antonio
Downloads 253 (145,641)
Citation 1

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Payout Policy, Capital Structure, State Laws, Bonding Mechanisms

13.

Takeover Risk and the Correlation Between Stocks and Bonds

Journal of Empirical Finance EFA 2007 Ljubljana Meetings Paper
Number of pages: 32 Posted: 28 Feb 2007 Last Revised: 06 Oct 2020
Karan Bhanot, Sattar Mansi and John K. Wald
University of Texas at San Antonio - Department of Finance, Virginia Polytechnic Institute & State University and University of Texas at San Antonio
Downloads 225 (163,224)
Citation 2

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Stock-bond correlation, takeover probability, debt covenants

Firm Characteristics and the Impact of Emerging Market Liberalizations

Rutgers University Working Paper
Number of pages: 48 Posted: 27 May 2002
Dilip K. Patro and John K. Wald
OCC and University of Texas at San Antonio
Downloads 208 (175,494)
Citation 10

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liberalization, emerging markets

Firm Characteristics and the Impact of Emerging Market Liberalizations

Posted: 20 Aug 2004
Dilip K. Patro and John K. Wald
OCC and University of Texas at San Antonio

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15.

Liability Protection, Director Compensation, and Incentives

Journal of Financial Intermediation, Forthcoming
Number of pages: 38 Posted: 06 Jul 2010 Last Revised: 28 Nov 2012
University of Texas at San Antonio - Department of Finance, University of Texas at San Antonio - Department of Finance, Virginia Polytechnic Institute & State University and University of Texas at San Antonio
Downloads 199 (183,095)

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director liability, director compensation, takeovers

16.
Downloads 184 (196,472)
Citation 3

Severance Agreements and the Cost of Debt

Journal of Corporate Finance, Forthcoming
Number of pages: 44 Posted: 20 May 2017 Last Revised: 23 Oct 2018
Virginia Polytechnic Institute & State University, University of Texas at San Antonio and University of Nevada, Las Vegas - Department of Finance
Downloads 172 (208,378)
Citation 5

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Severance agreements, cost of debt, takeover probability, firm risk, CEO turnover

Severance Agreements and the Cost of Debt

Number of pages: 44 Posted: 14 Jan 2012 Last Revised: 26 Feb 2020
Virginia Polytechnic Institute & State University, University of Texas at San Antonio and University of Nevada, Las Vegas - Department of Finance
Downloads 12 (697,697)

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Golden parachutes, cost of debt, takeover probability, firm risk, CEO turnover

17.

Institutional Investors and Loan Dynamics: Evidence from Loan Renegotiations

Number of pages: 63 Posted: 21 Jun 2017 Last Revised: 06 Apr 2019
Mehdi Beyhaghi, Ca Nguyen and John K. Wald
Federal Reserve Banks - Federal Reserve Bank of Richmond, University of Arkansas Fort Smith and University of Texas at San Antonio
Downloads 162 (219,123)
Citation 3

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Nonbank Institutional Investors, Loan Renegotiation, Loan Path, Syndicated Loans, Funding Risk

18.

International Lending: The Role of Lender’s Home Country

Beyhaghi, Mehdi, Rui Dai, Anthony Saunders, and John K. Wald. "International Lending: The Role of Lender’s Home Country." Journal of Money, Credit and Banking (forthcoming).
Number of pages: 66 Posted: 10 May 2018 Last Revised: 30 Nov 2020
Federal Reserve Banks - Federal Reserve Bank of Richmond, Wharton Research Data Services (WRDS), New York University - Leonard N. Stern School of Business and University of Texas at San Antonio
Downloads 131 (261,707)

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International Finance, Multinational Loans, Cross-Border, Creditor Rights

19.

Governance and Leverage: International Evidence

Number of pages: 37 Posted: 20 Nov 2020
Saint Mary's University, University of Alberta - Campus Saint-Jean, University of South Carolina - Moore School of Business and University of Texas at San Antonio
Downloads 71 (387,140)

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20.

Creditor Protection and Accrual Quality: The Effect of State Laws

AAA 2008 Financial Accounting and Reporting Section (FARS) Paper
Number of pages: 40 Posted: 07 Jul 2007
Mei Cheng, Sattar Mansi and John K. Wald
University of Arizona - Department of Accounting, Virginia Polytechnic Institute & State University and University of Texas at San Antonio
Downloads 61 (418,932)

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State laws, Payout restrictions, Accrual quality, Debt-covenant hypothesis

21.

Taxes, Targeted Educational Subsidies, and Affirmative Action

Number of pages: 33 Posted: 21 May 2005
John K. Wald
University of Texas at San Antonio
Downloads 54 (443,766)

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Educational choice, government subsidies, affirmative action

22.

Pricing Risk Factors in Corporate Bond Returns and Yield Spreads

Number of pages: 42 Posted: 11 Mar 2021 Last Revised: 01 Apr 2021
Sattar Mansi, Yaxuan Qi and John K. Wald
Virginia Polytechnic Institute & State University, City University of Hong Kong (CityUHK) - Department of Economics & Finance and University of Texas at San Antonio
Downloads 29 (557,327)

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Pricing factors in yields, Pricing factors in returns, Foreign exchange exposure

23.

Cross-Country Outliers

Number of pages: 41 Posted: 09 Aug 2019
University of Texas at Arlington, Virginia Polytechnic Institute & State University, National University of Singapore and University of Texas at San Antonio
Downloads 26 (575,445)

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Outliers in International Data, Winsorizing, Trimming, Multivariate Identification

24.

The Debt Trap: Wealth Transfers and Debt‐Equity Choices of Junk‐Grade Firms

Financial Review, Vol. 51, Issue 1, pp. 5-35, 2016
Number of pages: 31 Posted: 14 Jan 2016
University of Texas at San Antonio, Indiana University South Bend and University of Texas at San Antonio
Downloads 1 (763,149)
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capital structure, wealth transfer effects, junk bond issues

25.

Antitrust Damages in Financial Markets

Journal of Competition Law and Economics, Forthcoming
Posted: 05 Feb 2020
John K. Wald
University of Texas at San Antonio

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antitrust damages, financial markets, bid-ask spreads, LIBOR

26.

Time Series Momentum and Volatility Scaling

Journal of Financial Markets, Forthcoming
Posted: 02 Jun 2016
Abby Kim, Yiuman Tse and John K. Wald
Securities and Exchange Commission, University of Missouri at Saint Louis and University of Texas at San Antonio

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momentum, futures pricing, international asset allocation

27.

Director Liability Protection, Earnings Management, and Audit Pricing

Journal of Empirical Legal Studies, Vol. 12, Issue 4, pp. 781-814, 2015
Number of pages: 34 Posted: 28 Oct 2015
Sarfraz Khan and John K. Wald
University of Louisiana at Lafayette and University of Texas at San Antonio
Downloads 0 (780,955)
Citation 1
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28.

Insured Uncovered Interest Parity

Finance Research Letters, Forthcoming
Posted: 21 Jun 2013
Yiuman Tse and John K. Wald
University of Missouri at Saint Louis and University of Texas at San Antonio

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Uncovered interest parity, carry trade, CDS

29.

State Laws and Debt Covenants

Journal of Law and Economics, Forthcoming
Posted: 07 Nov 2006
Yaxuan Qi and John K. Wald
City University of Hong Kong (CityUHK) - Department of Economics & Finance and University of Texas at San Antonio

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state laws, covenants, payout restrictions, agency costs

30.

The Effect of State Laws on Capital Structure

Journal of Financial Economics (JFE), Forthcoming
Posted: 15 Feb 2006
John K. Wald and Michael S. Long
University of Texas at San Antonio and Rutgers University at Newark

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Leverage, State Laws, Profitability

31.

Optimal Limit Order Choice

Posted: 25 Dec 2003
John K. Wald and H. T. Horrigan
University of Texas at San Antonio and Independent

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limit orders, microstructure, portfolio trading

32.

Explaining Exchange Rate Risk in World Stock Markets: A Panel Approach

Posted: 06 Oct 2002
Dilip K. Patro, John K. Wald and Yangru Wu
OCC, University of Texas at San Antonio and Rutgers University, Newark - School of Business - Department of Finance & Economics

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Foreign exchange exposure, Determinants of currency risk, Panel estimation

33.

Capital Structure with Dividend Restrictions

Posted: 29 Sep 1999
John K. Wald
University of Texas at San Antonio

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How Firm Characteristics Affect Capital Structure: An International Comparison

Posted: 25 Dec 1998
John K. Wald
University of Texas at San Antonio

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How Firm Characteristics Affect Capital Structure: An International Comparison

Posted: 20 Dec 1998
John K. Wald
University of Texas at San Antonio

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