Kostas Koufopoulos

University of York

Heslington

York, YO1 5DD

United Kingdom

SCHOLARLY PAPERS

6

DOWNLOADS

270

SSRN CITATIONS

1

CROSSREF CITATIONS

0

Scholarly Papers (6)

1.

Is There a Paradox of Pledgeability?

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 13 Posted: 19 Nov 2019 Last Revised: 21 Apr 2020
Dan Bernhardt, Kostas Koufopoulos and Giulio Trigilia
University of Illinois at Urbana-Champaign - Department of Economics, University of York and University of Rochester - Simon Business School
Downloads 113 (300,224)
Citation 1

Abstract:

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Collateral, Secured debt, Pledgeability

2.

Asset complementarity and optimality of one-to-one negotiations when selling firms

Number of pages: 31 Posted: 29 May 2016 Last Revised: 23 Jun 2021
Jana P. Fidrmuc, Kostas Koufopoulos and Chunling Xia
Warwick Business School - Finance Group, University of York and Queen Mary University of London
Downloads 71 (400,814)

Abstract:

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Mergers and acquisitions; selling process; asset complementarity; optimality; auctions

3.

The Pitfalls of Pledgeable Cash Flows: Soft Budget Constraints, Zombie Lending and Under-Investment

Number of pages: 30 Posted: 11 Mar 2021
Dan Bernhardt, Kostas Koufopoulos and Giulio Trigilia
University of Illinois at Urbana-Champaign - Department of Economics, University of York and University of Rochester - Simon Business School
Downloads 38 (528,701)

Abstract:

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Pledgeability, Investment Efficiency, Soft Budget Constraint, Asymmetric Information, Collateral, Zombie Lending, Under-Investment

4.

When do incomplete contracts matter?

Number of pages: 22 Posted: 22 Mar 2021
University of Leicester, University of York, University of Rochester - Simon Business School, Students and University of Rochester - Simon Business School
Downloads 18 (650,997)

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Implementation, renegotiation-proofness, incomplete contracts, hold- up, contracting with third-parties.

5.

Profiting from the Poor in Competitive Credit Markets With Adverse Selection

Number of pages: 35 Posted: 08 Jun 2020 Last Revised: 20 Jan 2021
Dan Bernhardt, Kostas Koufopoulos and Giulio Trigilia
University of Illinois at Urbana-Champaign - Department of Economics, University of York and University of Rochester - Simon Business School
Downloads 18 (650,997)

Abstract:

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Adverse selection, strictly positive profits, market breakdown

6.

Separating Equilibria, Positive Profits and Security Design

Number of pages: 18 Posted: 28 Sep 2020
Dan Bernhardt, Kostas Koufopoulos and Giulio Trigilia
University of Illinois at Urbana-Champaign - Department of Economics, University of York and University of Rochester - Simon Business School
Downloads 12 (695,962)

Abstract:

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adverse selection, strictly positive profits, security design