Matthew T. Billett

Indiana University - Kelley School of Business - Department of Finance

Professor and Jacobs Chair in Finance

1309 E. 10th St.

Bloomington, IN 47405

United States

SCHOLARLY PAPERS

36

DOWNLOADS
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Top 2,832

in Total Papers Downloads

16,497

SSRN CITATIONS
Rank 7,075

SSRN RANKINGS

Top 7,075

in Total Papers Citations

101

CROSSREF CITATIONS

87

Scholarly Papers (36)

1.

Diversification and the Value of Internal Capital Markets: The Case of Tracking Stock

Number of pages: 38 Posted: 05 Nov 1998
Matthew T. Billett and David C. Mauer
Indiana University - Kelley School of Business - Department of Finance and affiliation not provided to SSRN
Downloads 1,508 (15,705)
Citation 9

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2.

Bondholder Wealth Effects in Mergers and Acquisitions: New Evidence from the 1980s and 1990s

University of Iowa Working Paper
Number of pages: 51 Posted: 15 Apr 2002
Matthew T. Billett, Dolly King and David C. Mauer
Indiana University - Kelley School of Business - Department of Finance, University of Wisconsin - Milwaukee - Sheldon B. Lubar School of Business and affiliation not provided to SSRN
Downloads 1,226 (21,422)
Citation 28

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Mergers, Acquisitions, Takeovers, Corporate Control, Bonds, Wealth Effects

3.

Shareholder-Manager Alignment and the Cost of Debt

Number of pages: 36 Posted: 23 Jan 2007 Last Revised: 02 Jun 2015
Matthew T. Billett, Paul Hribar and Yixin Liu
Indiana University - Kelley School of Business - Department of Finance, University of Iowa - Department of Accounting and University of New Hampshire
Downloads 1,013 (28,333)
Citation 9

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dual-class, cost of debt, agency costs, managerial ownership, shareholder-manager alignment

Are Overconfident CEOs Born or Made? Evidence of Self-Attribution Bias from Frequent Acquirers

Management Science, Forthcoming
Number of pages: 34 Posted: 07 Jun 2005 Last Revised: 12 May 2014
Matthew T. Billett and Yiming Qian
Indiana University - Kelley School of Business - Department of Finance and University of Connecticut
Downloads 988 (28,906)
Citation 12

Abstract:

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overconfidence, hubris, self-attribution, frequent acquirer, mergers and acquisitions, insider trading

Are Overconfident CEOS Born or Made? Evidence of Self-Attribution Bias from Frequent Acquirers

Management Science, Forthcoming
Posted: 14 Jan 2008 Last Revised: 16 Dec 2015
Matthew T. Billett and Yiming Qian
Indiana University - Kelley School of Business - Department of Finance and University of Connecticut

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overconfidence, hubris, self-attribution, frequent acquirer, mergers and acquisitions

5.

Cross Subsidies, External Financing Constraints, and the Contribution of the Internal Capital Market to Firm Value

Number of pages: 43 Posted: 25 Oct 1998
Matthew T. Billett and David C. Mauer
Indiana University - Kelley School of Business - Department of Finance and affiliation not provided to SSRN
Downloads 946 (31,218)
Citation 13

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Are Bank Loans Special? Evidence on the Post-Announcement Performance of Bank Borrowers.

Number of pages: 41 Posted: 16 Aug 2001
Matthew T. Billett, Mark J. Flannery and Jon A. Garfinkel
Indiana University - Kelley School of Business - Department of Finance, University of Florida - Department of Finance, Insurance and Real Estate and University of Iowa - Tippie College of Business
Downloads 865 (34,871)
Citation 10

Abstract:

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Bank Loans, Long-run Performance

Are Bank Loans Special? Evidence on the Post-Announcement Performance of Bank Borrowers

Posted: 24 Jun 2005
Matthew T. Billett, Mark J. Flannery and Jon A. Garfinkel
Indiana University - Kelley School of Business - Department of Finance, University of Florida - Department of Finance, Insurance and Real Estate and University of Iowa - Tippie College of Business

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Bank Loans, Long-run Performance

7.

The Market Performance of Tracking Stocks

Number of pages: 43 Posted: 27 Jun 2000
Anand M. Vijh and Matthew T. Billett
University of Iowa - Department of Finance and Indiana University - Kelley School of Business - Department of Finance
Downloads 852 (36,111)
Citation 1

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8.

Share Repurchases and the Need for External Finance

Number of pages: 35 Posted: 08 May 2003
Matthew T. Billett and Hui Frank Xue
Indiana University - Kelley School of Business - Department of Finance and Kansas State University (Deceased)
Downloads 804 (39,122)
Citation 2

Abstract:

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Share repurchase, seasoned equity offer, SEO

9.

The Role of Bondholder Wealth Expropriation in LBO Transactions

Number of pages: 33 Posted: 27 Mar 2008
Matthew T. Billett, Zhan Jiang and Erik Lie
Indiana University - Kelley School of Business - Department of Finance, Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF) and University of Iowa - Henry B. Tippie College of Business
Downloads 756 (42,555)
Citation 11

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Leveraged buyouts, bondholder expropriation, change-in-control covenants

10.

Glamour Brands and Glamour Stocks

AFA 2011 Denver Meetings Paper
Number of pages: 45 Posted: 17 Mar 2010 Last Revised: 13 May 2014
Matthew T. Billett, Zhan Jiang and Lopo Rego
Indiana University - Kelley School of Business - Department of Finance, Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF) and Indiana University - Kelley School of Business - Department of Marketing
Downloads 604 (57,139)
Citation 5

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Glamour, Brand equity, HML factor

11.

The Effect of Asymmetric Information on Product Market Outcomes

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 51 Posted: 19 Sep 2011 Last Revised: 27 Apr 2016
Matthew T. Billett, Jon A. Garfinkel and Miaomiao Yu
Indiana University - Kelley School of Business - Department of Finance, University of Iowa - Tippie College of Business and Louisiana State University, Baton Rouge - E.J. Ourso College of Business Administration
Downloads 576 (60,645)
Citation 7

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asymmetric information, market share

12.

Frequent Issuers' Influence on Long-Run Post-Issuance Returns

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 40 Posted: 18 Mar 2006 Last Revised: 12 May 2014
Matthew T. Billett, Mark J. Flannery and Jon A. Garfinkel
Indiana University - Kelley School of Business - Department of Finance, University of Florida - Department of Finance, Insurance and Real Estate and University of Iowa - Tippie College of Business
Downloads 546 (64,889)
Citation 3

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External Finance, Security Issuance, Long-run Performance

13.

Bank Skin in the Game and Loan Contract Design: Evidence from Covenant-Lite Loans

Number of pages: 70 Posted: 03 Nov 2012 Last Revised: 12 May 2014
Indiana University - Kelley School of Business - Department of Finance, University of Toronto - Rotman School of Management, University of Virginia and Sungkyunkwan University (SKK) Graduate School of Business
Downloads 526 (68,008)
Citation 7

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Covenants, Debt contracting, Syndicated Loans, Bank loans, Agency Costs

14.

Segmented Capital Markets and the Cost of External Finance

Number of pages: 35 Posted: 26 Apr 2000
Matthew T. Billett and Jon A. Garfinkel
Indiana University - Kelley School of Business - Department of Finance and University of Iowa - Tippie College of Business
Downloads 509 (70,903)

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Segmented markets, External finance, Financial slack, Capital structure

15.

The Influence of Governance on Investment: Evidence from a Hazard Model

Journal of Financial Economics (JFE), Vol. 102, No. 3, 2011
Number of pages: 62 Posted: 20 Aug 2009 Last Revised: 12 May 2014
Matthew T. Billett, Jon A. Garfinkel and Yi Jiang
Indiana University - Kelley School of Business - Department of Finance, University of Iowa - Tippie College of Business and California State University, Fullerton
Downloads 477 (76,715)
Citation 4

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Corporate Governance, Investment Spike, Hazard Model

16.

At-the-Market (ATM) Offerings

Forthcoming in the Journal of Financial and Quantitative Analysis
Number of pages: 55 Posted: 19 Nov 2012 Last Revised: 21 Jan 2018
Matthew T. Billett, Ioannis V. Floros and Jon A. Garfinkel
Indiana University - Kelley School of Business - Department of Finance, University of Wisconsin - Milwaukee - Department of Finance and University of Iowa - Tippie College of Business
Downloads 462 (79,700)
Citation 5

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At-the-market offering; ATM; seasoned equity offering; equity issuance; certification

17.

Asymmetric Information, Financial Reporting, and Open Market Share Repurchases

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming, Kelley School of Business Research Paper No. 15-20
Number of pages: 52 Posted: 15 Mar 2011 Last Revised: 13 Feb 2015
Matthew T. Billett and Miaomiao Yu
Indiana University - Kelley School of Business - Department of Finance and Louisiana State University, Baton Rouge - E.J. Ourso College of Business Administration
Downloads 436 (85,375)

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Payout, Share repurchases, Asymmetric information, Accruals quality

18.

Stockholder and Bondholder Wealth Effects of CEO Incentive Grants

Number of pages: 34 Posted: 18 Aug 2006
Matthew T. Billett, David C. Mauer and Yilei Zhang
Indiana University - Kelley School of Business - Department of Finance, affiliation not provided to SSRN and University of North Carolina (UNC) at Charlotte
Downloads 429 (87,012)
Citation 12

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Equity-based compensation, options, restricted stock, CEO incentives

19.

Information Spillovers and Cross Monitoring between the Stock Market and Loan Market

Kelley School of Business Research Paper No. 16-20, PBCSF-NIFR Research Paper
Number of pages: 66 Posted: 17 Feb 2016 Last Revised: 29 Oct 2020
Matthew T. Billett, Fangzhou Liu and Xuan Tian
Indiana University - Kelley School of Business - Department of Finance, Shanghai University of Finance and Economics - Department of Finance and Tsinghua University - PBC School of Finance
Downloads 416 (90,115)
Citation 3

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short selling constraints, Regulation SHO, information spillover, cross monitoring, information monopoly, bank loan

20.

Bond Tender Offers in Mergers and Acquisitions

Journal of Corporate Finance, Forthcoming
Number of pages: 34 Posted: 15 Mar 2011 Last Revised: 03 Aug 2016
Matthew T. Billett and Ke Yang
Indiana University - Kelley School of Business - Department of Finance and Lehigh University
Downloads 362 (105,701)
Citation 3

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Mergers; Acquisitions; Bond tender offers; Coinsurance; Covenants

21.

Does Other Comprehensive Income Volatility Influence Credit Risk and the Cost of Debt?

Contemporary Accounting Research, Forthcoming
Number of pages: 48 Posted: 24 Mar 2017 Last Revised: 30 Jun 2019
May Xiaoyan Bao, Matthew T. Billett, David B. Smith and Emre Unlu
University of New Hampshire - Peter T. Paul College of Business and Economics, Indiana University - Kelley School of Business - Department of Finance, University of Nebraska at Lincoln - School of Accountancy and University of Nebraska at Lincoln
Downloads 340 (113,388)
Citation 2

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Incremental OCI Volatility, Risk Relevance, Accumulated Other Comprehensive Income, Debt Contracting

22.

Bank Loan Price Reactions to Corporate Events: Evidence from Traded Syndicated Loans

Kelley School of Business Research Paper No. 15-14
Number of pages: 49 Posted: 17 Jan 2015
Indiana University - Kelley School of Business - Department of Finance, University of Toronto - Rotman School of Management, University of North Carolina (UNC) at Charlotte and Sungkyunkwan University (SKK) Graduate School of Business
Downloads 328 (117,970)
Citation 1

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Loan returns, Bank contracts, Wealth transfers, Share repurchases, SEOs

23.

Creditor Control and Product-Market Competition

Journal of Banking and Finance, Forthcoming
Number of pages: 50 Posted: 07 Aug 2013 Last Revised: 03 Jul 2017
Matthew T. Billett, Burcu Esmer and Miaomiao Yu
Indiana University - Kelley School of Business - Department of Finance, University of Pennsylvania - The Wharton School and Louisiana State University, Baton Rouge - E.J. Ourso College of Business Administration
Downloads 291 (134,007)
Citation 3

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Debt covenants, Covenant violations, Creditor control, Rivals, Product market competition

24.

The Capital Supply Channel in Peer Effects: The Case of SEOs

Kelley School of Business Research Paper No. 16-38
Number of pages: 54 Posted: 03 May 2016 Last Revised: 04 Jan 2021
Matthew T. Billett, Jon A. Garfinkel and Yi Jiang
Indiana University - Kelley School of Business - Department of Finance, University of Iowa - Tippie College of Business and California State University, Fullerton
Downloads 269 (145,392)

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Peer Effects, Capital Supply, Financial Intermediaries, SEOs, Hazards, Competition

25.

Customer-Supplier Relationships and Abnormal Accruals

Kelley School of Business Research Paper No. 17-36
Number of pages: 43 Posted: 26 Apr 2017 Last Revised: 11 Aug 2019
May Xiaoyan Bao, Matthew T. Billett and Yixin Liu
University of New Hampshire - Peter T. Paul College of Business and Economics, Indiana University - Kelley School of Business - Department of Finance and University of New Hampshire
Downloads 244 (160,161)

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Abnormal accruals; bullwhip effects; suppliers; customers.

26.

JOBS Act Spillover Effects in the Syndicated Loan Market

Kelley School of Business Research Paper No. 17-14
Number of pages: 46 Posted: 09 Feb 2017 Last Revised: 12 Feb 2019
Matthew T. Billett, Chiyoung Cheong and Sudip Gupta
Indiana University - Kelley School of Business - Department of Finance, City University of Hong Kong and Johns Hopkins University
Downloads 242 (161,427)
Citation 1

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JOBS Act, Syndicated Lending, Initial Public Offering, Loan, Bank Relationship

27.

The Influence of Investor Identity and Contract Terms on Firm Value: Evidence from PIPEs

Journal of Financial Intermediation, Forthcoming
Number of pages: 46 Posted: 14 Mar 2011 Last Revised: 22 Jan 2015
Matthew T. Billett, Redouane Elkamhi and Ioannis V. Floros
Indiana University - Kelley School of Business - Department of Finance, University of Toronto - Rotman School of Management and University of Wisconsin - Milwaukee - Department of Finance
Downloads 197 (195,900)
Citation 4

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PIPE, private placement, investor identity, contract terms, financial contracting

28.

Torpedo Your Competition: Strategic Reporting and Peer Firm IPO

European Corporate Governance Institute – Finance Working Paper No. 732/2021
Number of pages: 75 Posted: 12 Oct 2020 Last Revised: 25 May 2021
Matthew T. Billett, Mark (Shuai) Ma and Xiaoyun Yu
Indiana University - Kelley School of Business - Department of Finance, University of Pittsburgh - Accounting Group and Indiana University Kelley School of Business
Downloads 172 (220,778)

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Initial public offerings, product market competition, strategic reporting

29.

Index Investing and Corporate Investment-Price Sensitivity

Kelley School of Business Research Paper No. 2020-65
Number of pages: 52 Posted: 02 Apr 2020 Last Revised: 05 Aug 2020
Matthew T. Billett, Ha Diep-Nguyen and Jon A. Garfinkel
Indiana University - Kelley School of Business - Department of Finance, Purdue University, Krannert School of Management and University of Iowa - Tippie College of Business
Downloads 111 (310,467)

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Indexing, Investment-Price Feedback, Stock Price Informativeness

30.

Access to Debt and the Provision of Trade Credit

Number of pages: 48 Posted: 23 Nov 2021
Matthew T. Billett, Kayla Freeman and Janet Gao
Indiana University - Kelley School of Business - Department of Finance, University of Georgia, Terry College of Business, Department of Finance and Indiana University - Kelley School of Business
Downloads 2 (789,028)

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Trade Credit, Access to Debt, Creditor Rights, Supply-Chain, Bargaining Power

31.

Clarity Begins at Home: Internal Information Asymmetry and External Communication Quality

The Accounting Review, Forthcoming
Posted: 24 Jun 2015 Last Revised: 05 May 2017
Monash University - Department of Accounting, Washington University in Saint Louis - Olin School of Business, Boston College, The University of Hong Kong and Indiana University - Kelley School of Business - Department of Finance

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Internal information asymmetry, management forecasts, accounting restatements

32.

The Takeover Deterrent Effect of Open Market Share Repurchases

Journal of Finance, Forthcoming
Posted: 12 Jan 2007
Matthew T. Billett and Hui Frank Xue
Indiana University - Kelley School of Business - Department of Finance and Kansas State University (Deceased)

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33.

The Wealth Effects of Tracking Stock Restructurings

Posted: 14 Mar 2004
Anand M. Vijh and Matthew T. Billett
University of Iowa - Department of Finance and Indiana University - Kelley School of Business - Department of Finance

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Tracking stock, corporate restructuring

34.

Targeting Capital Structure: The Relationship between Risky Debt and the Firm's Likelihood of Being Acquired

J. OF BUSINESS, Vol. 69 No. 2, April 1996
Posted: 28 Jun 1998
Matthew T. Billett
Indiana University - Kelley School of Business - Department of Finance

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35.

The Cost of Market Versus Regulatory Discipline in Banking

The Journal of Financial Economics, June 1998
Posted: 22 Apr 1998
Matthew T. Billett, Jon A. Garfinkel and Edward S. O'Neal
Indiana University - Kelley School of Business - Department of Finance, University of Iowa - Tippie College of Business and Wake Forest University - Babcock Graduate School of Management

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The Effect of Lender Identity on a Borrowing Firm's Equity Return

JOURNAL OF FINANCE, Vol 50 No 2, June 1995
Posted: 10 May 1995
Matthew T. Billett, Mark J. Flannery and Jon A. Garfinkel
Indiana University - Kelley School of Business - Department of Finance, University of Florida - Department of Finance, Insurance and Real Estate and University of Iowa - Tippie College of Business

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The Effect of Lender Identity on a Borrowing Firm's Equity Return

Posted: 16 May 1994
Matthew T. Billett, Mark J. Flannery and Jon A. Garfinkel
Indiana University - Kelley School of Business - Department of Finance, University of Florida - Department of Finance, Insurance and Real Estate and University of Iowa - Tippie College of Business

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