User profiles for R. Duchin
Ran DuchinCarroll School of Management - Boston College Verified email at bc.edu Cited by 8353 |
Costly external finance, corporate investment, and the subprime mortgage credit crisis
We study the effect of the recent financial crisis on corporate investment. The crisis represents
an unexplored negative shock to the supply of external finance for non-financial firms. …
an unexplored negative shock to the supply of external finance for non-financial firms. …
When are outside directors effective?
This paper uses recent regulations that have required some companies to increase the
number of outside directors on their boards to generate estimates of the effect of board …
number of outside directors on their boards to generate estimates of the effect of board …
The politics of government investment
This paper investigates the relation between corporate political connections and government
investment. We study various forms of political influence, ranging from passive connections …
investment. We study various forms of political influence, ranging from passive connections …
Cash holdings and corporate diversification
R Duchin - The Journal of Finance, 2010 - Wiley Online Library
This paper studies the relation between corporate liquidity and diversification. The key finding
is that multidivision firms hold significantly less cash than stand‐alone firms because they …
is that multidivision firms hold significantly less cash than stand‐alone firms because they …
Safer ratios, riskier portfolios: Banks׳ response to government aid
… + β 2 A f t e r C P P × A p p r o v e d b a n k b + β 3 A f t e r C P P × L o a n t o i n c o m e i , t
+ β 4 A p p r o v e d b a n k b × L o a n t o i n c o m e i , t + β 5 A f t e r C P P × A p p r o v e d b a …
+ β 4 A p p r o v e d b a n k b × L o a n t o i n c o m e i , t + β 5 A f t e r C P P × A p p r o v e d b a …
Looking in the rearview mirror: The effect of managers' professional experience on corporate financial policy
We track the employment history of over 9,000 managers to study the effects of professional
experiences on corporate policies. Our identification strategy exploits exogenous CEO …
experiences on corporate policies. Our identification strategy exploits exogenous CEO …
Riding the merger wave: Uncertainty, reduced monitoring, and bad acquisitions
… { r i − r f = α + β ( r m − r f ) + ε t + θ ε t − 1 , σ t 2 = exp ( g 1 + g 2 W ) + b σ t − 1 2 + c 1 ε t − 1
2 + c 2 ε t − 2 2 , where W represents one of our proxies for merger waves, and r i , r m , and r f …
2 + c 2 ε t − 2 2 , where W represents one of our proxies for merger waves, and r i , r m , and r f …
Divisional managers and internal capital markets
… This research was conducted when Ran Duchin was at the Ross School of Business at the
… This research was conducted when Ran Duchin was at the Ross School of Business at the …
… This research was conducted when Ran Duchin was at the Ross School of Business at the …
Precautionary savings with risky assets: When cash is not cash
US industrial firms invest heavily in noncash, risky financial assets such as corporate debt,
equity, and mortgage‐backed securities. Risky assets represent 40% of firms’ financial …
equity, and mortgage‐backed securities. Risky assets represent 40% of firms’ financial …
Markowitz versus the Talmudic portfolio diversification strategies
… RAN DUCHIN is an assistant professor of finance at the Stephen M. Ross School of Business,
… rate ofreturn on the ith asset, R1, is the portfolio mean rate ofreturn, and r is the riskless …
… rate ofreturn on the ith asset, R1, is the portfolio mean rate ofreturn, and r is the riskless …