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All Outputs (3)

Debt priority structure, market discipline, and bank conduct (2017)
Journal Article
Danisewicz, P., McGowan, D., Onali, E., & Schaeck, K. (2018). Debt priority structure, market discipline, and bank conduct. Review of Financial Studies, 31(11), 4493-4555. https://doi.org/10.1093/rfs/hhx111

© The Author 2017. Published by Oxford University Press on behalf of The Society for Financial Studies. All rights reserved. We examine how debt priority structure affects bank funding costs and soundness. Leveraging an unexplored natural experiment... Read More about Debt priority structure, market discipline, and bank conduct.

How should we estimate value-relevance models? Insights from European data (2017)
Journal Article
Onali, E., Ginesti, G., & Vasilakis, C. (2017). How should we estimate value-relevance models? Insights from European data. British Accounting Review, 49(5), https://doi.org/10.1016/j.bar.2017.05.006

We study the consequences of unobserved heterogeneity when employing different econometric methods in the estimation of two major value-relevance models: the Price Regression Model (PRM) and the Return Regression Model (RRM). Leveraging a large panel... Read More about How should we estimate value-relevance models? Insights from European data.

Investor reaction to IFRS for financial instruments in Europe: the role of firm-specific factors (2017)
Journal Article
Onali, E., Ginesti, G., & Ballestra, L. V. (2017). Investor reaction to IFRS for financial instruments in Europe: the role of firm-specific factors. Finance Research Letters, 21, https://doi.org/10.1016/j.frl.2017.01.002

We examine the market reaction to events related to the standard-setting process of International Financial Reporting Standard (IFRS) 9 for over 3,000 European firms that have adopted IFRS. We find that the market reaction to IFRS 9 is largely affect... Read More about Investor reaction to IFRS for financial instruments in Europe: the role of firm-specific factors.