Sudheer Chava

Georgia Institute of Technology - Scheller College of Business

Professor of FInance

800 West Peachtree St.

Atlanta, GA 30308

United States

http://https://fintech.gatech.edu

SCHOLARLY PAPERS

40

DOWNLOADS
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SSRN RANKINGS

Top 1,374

in Total Papers Downloads

26,986

SSRN CITATIONS
Rank 1,387

SSRN RANKINGS

Top 1,387

in Total Papers Citations

741

CROSSREF CITATIONS

158

Scholarly Papers (40)

1.

Bankruptcy Prediction With Industry Effects

Number of pages: 49 Posted: 20 Oct 2001
Sudheer Chava and Robert A. Jarrow
Georgia Institute of Technology - Scheller College of Business and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 4,255 (2,855)
Citation 67

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Bankruptcy Prediction, Hazard Models, Industry Effects, Reduced Form Credit Risk Models

2.

How Does Financing Impact Investment? The Role of Debt Covenants

AFA 2007 Chicago Meetings Paper
Number of pages: 61 Posted: 26 Nov 2005
Sudheer Chava and Michael R. Roberts
Georgia Institute of Technology - Scheller College of Business and The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER)
Downloads 2,589 (6,607)
Citation 181

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Investment, Covenant, Debt, Contracts, Renegotiation, Default, Control Rights

3.
Downloads 1,688 ( 13,164)
Citation 71

The Effect of Banking Crisis on Bank-Dependent Borrowers

EFA 2006 Zurich Meetings
Number of pages: 52 Posted: 16 Oct 2005 Last Revised: 26 Oct 2015
Sudheer Chava and Amiyatosh Purnanandam
Georgia Institute of Technology - Scheller College of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 1,537 (15,021)
Citation 14

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Banking Crisis, Russian Default, Bank loans

The Effect of Banking Crisis on Bank-Dependent Borrowers

FDIC Working Paper No. 2010-09
Number of pages: 55 Posted: 09 Jan 2012
Sudheer Chava and Amiyatosh Purnanandam
Georgia Institute of Technology - Scheller College of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 151 (247,498)
Citation 55

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Banking Crisis, Russian Default, Bank Loans, Credit Crunch

4.

Environmental Externalities and Cost of Capital

Number of pages: 63 Posted: 17 Sep 2010 Last Revised: 18 Jun 2014
Sudheer Chava
Georgia Institute of Technology - Scheller College of Business
Downloads 1,459 (16,622)
Citation 104

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Environmental Externalities, Cost of Capital, Bank Loans, Environmentally Sensitive Lending, Socially Responsible Investing

5.

CEOs vs. CFOs: Incentives and Corporate Policies

Number of pages: 46 Posted: 19 Mar 2008 Last Revised: 26 Oct 2015
Sudheer Chava and Amiyatosh Purnanandam
Georgia Institute of Technology - Scheller College of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 1,200 (22,217)
Citation 51

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Capital Structure, Cash, Debt Maturity, Accrual, Incentives

6.

Do Credit Default Swaps Mitigate the Impact of Credit Rating Downgrades?

EFA 2012, Copenhagen, 15-18 August 2012, WFA 2013 Tahoe, NV, June 17-20, 2013
Number of pages: 52 Posted: 19 Mar 2012 Last Revised: 26 Oct 2018
Sudheer Chava, Rohan Ganduri and Chayawat Ornthanalai
Georgia Institute of Technology - Scheller College of Business, Emory University and University of Toronto - Rotman School of Management
Downloads 1,179 (22,806)
Citation 19

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Credit ratings; Credit default swaps; Financial regulation

7.
Downloads 1,117 ( 24,681)
Citation 60

Do Shareholder Rights Affect the Cost of Bank Loans?

EFA 2004 Maastricht Meetings Paper No. 5061
Number of pages: 51 Posted: 03 Aug 2004 Last Revised: 26 Oct 2015
Georgia Institute of Technology - Scheller College of Business, University of California, Berkeley and University of Michigan, Stephen M. Ross School of Business
Downloads 1,117 (24,286)
Citation 60

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Corporate governance, shareholder rights, investor protection, hostile takeovers, bank loans, loan spreads

Do Shareholder Rights Affect the Cost of Bank Loans?

The Review of Financial Studies, Vol. 22, Issue 8, pp. 2973-3004, 2009
Posted: 05 Aug 2009
Georgia Institute of Technology - Scheller College of Business, University of California, Berkeley and University of Michigan, Stephen M. Ross School of Business

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G21, G32, G34

8.
Downloads 1,116 ( 24,710)
Citation 6

Managerial Moral Hazard and Bond Covenants

Number of pages: 57 Posted: 01 Nov 2004
Sudheer Chava, Praveen Kumar and Arthur Warga
Georgia Institute of Technology - Scheller College of Business, University of Houston - Department of Finance and University of Houston - Department of Finance
Downloads 637 (52,911)
Citation 7

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Corporate bonds, bond covenants, costly contracting hypothesis, agency costs

Managerial Moral Hazard and Bond Covenants

Number of pages: 57 Posted: 29 May 2007
Sudheer Chava, Praveen Kumar and Arthur Warga
Georgia Institute of Technology - Scheller College of Business, University of Houston - Department of Finance and University of Houston - Department of Finance
Downloads 479 (75,810)
Citation 9

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Managerial entrenchment, Fraud, Bond covenants, Contracting efficiency

9.

Impact of E-Commerce on Employees at Brick-and-Mortar Retailers

Georgia Tech Scheller College of Business Research Paper No. 18-23, 29th Annual Conference on Financial Economics & Accounting 2018
Number of pages: 59 Posted: 20 Jun 2018 Last Revised: 04 Feb 2019
Georgia Institute of Technology - Scheller College of Business, Georgia Institute of Technology - Strategic Management Area, Georgia Institute of Technology and Babson College - Finance Division
Downloads 984 (29,599)
Citation 4

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Technology, Labour Market, E-commerce, Retail, Product Market

10.
Downloads 832 ( 37,428)
Citation 34

Is Default Risk Negatively Related to Stock Returns?

Number of pages: 46 Posted: 01 Aug 2007 Last Revised: 26 Oct 2015
Sudheer Chava and Amiyatosh Purnanandam
Georgia Institute of Technology - Scheller College of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 832 (36,898)
Citation 29

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Default risk, bankruptcy, expected return, realized return, implied cost of capital

Is Default Risk Negatively Related to Stock Returns?

The Review of Financial Studies, Vol. 23, Issue 6, pp. 2523-2559, 2010
Posted: 17 May 2010
Sudheer Chava and Amiyatosh Purnanandam
Georgia Institute of Technology - Scheller College of Business and University of Michigan, Stephen M. Ross School of Business

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G11, G12, G13, G14, G33

11.

Determinants of the Floating-to-Fixed Rate Debt Structure of Firms

EFA 2006 Zurich Meetings
Number of pages: 47 Posted: 28 Feb 2005
Sudheer Chava and Amiyatosh Purnanandam
Georgia Institute of Technology - Scheller College of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 785 (40,557)
Citation 9

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Hedging, floating rate debt, corporate governance, executive compensation

12.

Covenants, Creditors’ Simultaneous Equity Holdings, and Firm Investment Policies

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 52 Posted: 27 Dec 2013 Last Revised: 16 Jul 2018
Sudheer Chava, Rui Wang (Erik) and Hong Zou
Georgia Institute of Technology - Scheller College of Business, Lingnan University and The University of Hong Kong - Faculty of Business and Economics
Downloads 744 (43,619)
Citation 12

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Dual ownership; Loan covenant; Capital expenditure; Waiver; Difference-in-differences; Regression discontinuity

13.

Related Securities and Equity Market Quality: The Case of CDS

Number of pages: 62 Posted: 15 Aug 2010 Last Revised: 26 Oct 2015
Ekkehart Boehmer, Sudheer Chava and Heather Tookes
Singapore Management University - Lee Kong Chian School of Business, Georgia Institute of Technology - Scheller College of Business and Yale University - Yale School of Management
Downloads 682 (49,009)
Citation 8

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14.

Impact of Marketplace Lending on Consumers' Future Borrowing Capacities and Borrowing Outcomes

Journal of Financial Economics (JFE), Forthcoming, Georgia Tech Scheller College of Business Research Paper No. 18-16
Number of pages: 67 Posted: 25 May 2018 Last Revised: 27 Feb 2021
Georgia Institute of Technology - Scheller College of Business, Emory University, University of Georgia and Georgia Institute of Technology - Scheller College of Business
Downloads 631 (54,260)
Citation 12

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Consumer Credit, Credit Cards, Credit Scores, FinTech, Marketplace Lending, Defaults, Constrained Consumers

15.

Implication of Securities Class Actions for Cost of Equity Capital and Shareholder Wealth

International Journal of Law and Management, 52 (2), 144-16, 2008
Number of pages: 47 Posted: 11 Sep 2006 Last Revised: 23 Aug 2017
Georgia Institute of Technology - Scheller College of Business, Hong Kong Polytechnic University, Yeshiva University - Sy Syms School of Business and University of Houston - C.T. Bauer College of Business
Downloads 588 (59,347)
Citation 6

Abstract:

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cost of equity capital, securiteis class action

16.

Credit Conditions and Stock Return Predictability

Number of pages: 53 Posted: 19 Mar 2010 Last Revised: 26 Oct 2015
Sudheer Chava, Michael F. Gallmeyer and Heungju Park
Georgia Institute of Technology - Scheller College of Business, University of Virginia (UVA) - McIntire School of Commerce and Sungkyunkwan University - SKK Business School
Downloads 563 (62,635)
Citation 7

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Stock predictability, credit supply, macroeconomics, survey data

17.

Lending to Innovative Firms

Number of pages: 61 Posted: 20 Sep 2013 Last Revised: 23 Nov 2016
Sudheer Chava, Vikram K. Nanda and Steven Chong Xiao
Georgia Institute of Technology - Scheller College of Business, University of Texas at Dallas - School of Management - Department of Finance & Managerial Economics and University of Texas at Dallas - Naveen Jindal School of Management
Downloads 531 (67,440)
Citation 12

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Bank financing, Innovation, Patents, Citations

Financial Constraints, Monetary Policy Shocks, and the Cross-Section of Equity Returns

Number of pages: 56 Posted: 23 Feb 2015 Last Revised: 26 Oct 2015
Sudheer Chava and Alex Hsu
Georgia Institute of Technology - Scheller College of Business and Georgia Institute of Technology - Scheller College of Business
Downloads 453 (81,126)
Citation 5

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Financial Constraint, Monetary Policy, Cash Flow News

Financial Constraints, Monetary Policy Shocks, and the Cross-Section of Equity Returns

Georgia Tech Scheller College of Business Research Paper No. 1
Number of pages: 57 Posted: 06 Nov 2015 Last Revised: 09 Nov 2015
Sudheer Chava and Alex Hsu
Georgia Institute of Technology - Scheller College of Business and Georgia Institute of Technology - Scheller College of Business
Downloads 65 (435,300)
Citation 2

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Financial Constraint, Monetary Policy, Cross-Section of Stock Returns

19.

Credit Default Swaps and Lender Incentives in Bank Debt Renegotiations

Georgia Tech Scheller College of Business Research Paper No. 2015-20
Number of pages: 54 Posted: 21 Dec 2014 Last Revised: 20 Jul 2021
University of Miami, Georgia Institute of Technology - Scheller College of Business and Emory University
Downloads 495 (73,554)
Citation 3

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Credit Default Swaps, Bank Lending, Empty Creditor Problem, Moral Hazard.

20.

The Economic Impact of Right-to-Work Laws: Evidence from Collective Bargaining Agreements and Corporate Policies

Georgia Tech Scheller College of Business Research Paper No. 18-1
Number of pages: 91 Posted: 20 Dec 2017 Last Revised: 01 Aug 2019
Sudheer Chava, Andras Danis and Alex Hsu
Georgia Institute of Technology - Scheller College of Business, Georgia Institute of Technology - Scheller College of Business and Georgia Institute of Technology - Scheller College of Business
Downloads 491 (74,310)
Citation 11

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Right to Work, Collective Bargaining, Unions, Wage Growth, Investment

21.

December Doldrums, Investor Distraction, and the Stock Market Reaction to Unscheduled News Events

Georgia Tech Scheller College of Business Research Paper No. 17-25, 30th Australasian Finance and Banking Conference 2017
Number of pages: 55 Posted: 20 Sep 2017 Last Revised: 15 Jun 2021
Sudheer Chava and Nikhil Paradkar
Georgia Institute of Technology - Scheller College of Business and University of Georgia
Downloads 466 (79,119)
Citation 2

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Investor inattention, unscheduled events, credit ratings, 8-K filings

22.

Shareholder Bargaining Power, Debt Overhang, and Investment

Number of pages: 73 Posted: 07 May 2012 Last Revised: 27 Jun 2016
Emmanuel Alanis, Sudheer Chava and Praveen Kumar
Texas State University, Georgia Institute of Technology - Scheller College of Business and University of Houston - Department of Finance
Downloads 448 (82,933)
Citation 6

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Debt Overhang, Shareholder Bargaining Power, APR Violations

23.

The Dynamics of Borrower Reputation Following Financial Misreporting

Management Science, Forthcoming
Number of pages: 42 Posted: 29 Feb 2012 Last Revised: 10 Nov 2016
Sudheer Chava, Kershen Huang and Shane A. Johnson
Georgia Institute of Technology - Scheller College of Business, Nova Southeastern University - H. Wayne Huizenga School of Business & Entrepreneurship and Texas A&M University - Department of Finance
Downloads 441 (84,512)
Citation 7

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Reputation, cost of debt, bank loans, financial restatements, fraud

Risk, Return, and Environmental and Social Ratings

Number of pages: 52 Posted: 29 Mar 2021 Last Revised: 01 Dec 2021
Sudheer Chava, Jeong Ho (John) Kim and Jaemin Lee
Georgia Institute of Technology - Scheller College of Business, Emory University - Department of Economics and Emory University - Goizueta Business School
Downloads 336 (114,539)

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ESG, Corporate Social Responsibility, Downside Risk, Stock Returns, ESG Rating

Risk, Return, and Environmental and Social Ratings

HKIMR Applied Research Paper No.03/2021, Georgia Tech Scheller College of Business Research Paper No. 3839280
Number of pages: 57 Posted: 07 May 2021 Last Revised: 29 Nov 2021
Sudheer Chava, Jeong Ho (John) Kim and Jaemin Lee
Georgia Institute of Technology - Scheller College of Business, Emory University - Department of Economics and Emory University - Goizueta Business School
Downloads 59 (457,467)

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25.

Dynamic Financial Covenant Thresholds

Number of pages: 52 Posted: 23 Jan 2012 Last Revised: 16 Jun 2020
Sudheer Chava, Shunlan Fang and Saumya Prabhat
Georgia Institute of Technology - Scheller College of Business, Kent State University and Indian School of Business (ISB), Hyderabad
Downloads 350 (110,084)
Citation 5

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Loan contract design, signaling, adverse selection, covenant thresholds, covenant violations, creditor control

26.

Banking Deregulation and Innovation

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 28 Posted: 27 Feb 2013 Last Revised: 29 Oct 2015
Georgia Institute of Technology - Scheller College of Business, Georgia Institute of Technology - Strategic Management Area, Georgia State University and Indian School of Business (ISB), Hyderabad
Downloads 331 (117,175)
Citation 33

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banking, innovation, growth, young firms, private firms

27.

Does History Repeat Itself? Business Cycle and Industry Returns

Georgia Tech Scheller College of Business Research Paper No. 17-24, Journal of Monetary Economics, Forthcoming
Number of pages: 62 Posted: 04 Jul 2016 Last Revised: 11 Nov 2019
Sudheer Chava, Alex Hsu and Linghang Zeng
Georgia Institute of Technology - Scheller College of Business, Georgia Institute of Technology - Scheller College of Business and Babson College - Finance Division
Downloads 320 (121,488)
Citation 2

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Business Cycle, Industry Returns, Sector Rotation Strategy, Cash Flow News

Does A One-Size-Fits-All Minimum Wage Cause Financial Stress For Small Businesses?

Georgia Tech Scheller College of Business Research Paper No. 19-13
Number of pages: 80 Posted: 11 Jul 2019 Last Revised: 20 Nov 2019
Sudheer Chava, Alexander Oettl and Manpreet Singh
Georgia Institute of Technology - Scheller College of Business, Georgia Institute of Technology - Strategic Management Area and Georgia Institute of Technology
Downloads 267 (146,276)
Citation 2

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Small Business, Financial Distress, Minimum Wage, Credit Score

Does a One-Size-Fits-All Minimum Wage Cause Financial Stress for Small Businesses?

Number of pages: 68 Posted: 09 Dec 2019 Last Revised: 21 Jun 2021
Sudheer Chava, Alexander Oettl and Manpreet Singh
Georgia Institute of Technology - Scheller College of Business, Georgia Institute of Technology - Strategic Management Area and Georgia Institute of Technology
Downloads 28 (612,360)
Citation 1

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29.

Modeling Expected Loss with Unobservable Heterogeneity

Number of pages: 52 Posted: 20 Mar 2006
Georgia Institute of Technology - Scheller College of Business, ESMT European School of Management and Technology and University of Houston - C.T. Bauer College of Business
Downloads 238 (164,547)
Citation 17

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Default, Bankruptcy, Recovery Rate, Frailty, Unobservable Heterogeneity

30.

Do Managers Walk the Talk on Environmental and Social Issues?

Georgia Tech Scheller College of Business Research Paper No. 3900814
Number of pages: 61 Posted: 09 Aug 2021
Sudheer Chava, Wendi Du and Baridhi Malakar
Georgia Institute of Technology - Scheller College of Business, Georgia Institute of Technology - Scheller College of Business and Georgia Institute of Technology - Scheller College of Business
Downloads 221 (176,633)

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ESG, Deep Learning, Earnings Conference Calls, NLP

31.

Debt Covenants and Investment: Response to Gulen, Jens, and Page (2020)

Georgia Tech Scheller College of Business Research Paper No. 3645072
Number of pages: 16 Posted: 03 Aug 2020
Sudheer Chava and Michael R. Roberts
Georgia Institute of Technology - Scheller College of Business and The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER)
Downloads 213 (182,835)

Abstract:

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Covenants, Investment

32.

Banking Deregulation, Bargaining Power and Innovation

Indian School of Business
Number of pages: 46 Posted: 17 Jul 2012 Last Revised: 28 Apr 2020
Georgia Institute of Technology - Scheller College of Business, Georgia Institute of Technology - Strategic Management Area, Georgia State University and Indian School of Business (ISB), Hyderabad
Downloads 202 (192,084)

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Innovation, Bargaining Power, Banking Deregulation, Explorative vs Exploitative Innovation

33.

Do Bond Investors Price Tail Risk Exposures of Financial Institutions?

Quarterly Journal of Finance, Georgia Tech Scheller College of Business Research Paper No. 2417499
Number of pages: 44 Posted: 30 Mar 2014 Last Revised: 29 Mar 2021
Sudheer Chava, Rohan Ganduri and Vijay Yerramilli
Georgia Institute of Technology - Scheller College of Business, Emory University and University of Houston, C. T. Bauer College of Business
Downloads 201 (192,988)
Citation 2

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Financial Institutions, Moral Hazard, Market discipline, Implicit Guarantee, TBTF, Too-big-to-fail, Bailout, Tail risk

34.

Revealed Heuristics: Evidence from Investment Consultants’ Search Behavior

Georgia Tech Scheller College of Business Research Paper No. 18-44, 14th Annual Mid-Atlantic Research Conference in Finance (MARC)
Number of pages: 71 Posted: 12 Nov 2018 Last Revised: 14 Jul 2021
Sudheer Chava, Soohun Kim and Daniel Weagley
Georgia Institute of Technology - Scheller College of Business, College of Business, Korea Advanced Institute of Science and Technology (KAIST) and Georgia Institute of Technology - Scheller College of Business
Downloads 175 (218,109)
Citation 4

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cognitive reference points, heuristics, consider-then-choose, investment consultants, mutual funds, investor search, fund flows

35.

Shocked by Bank Funding Shocks: Evidence from Consumer Credit Cards

Number of pages: 66 Posted: 15 Jan 2020 Last Revised: 25 May 2021
Georgia Institute of Technology - Scheller College of Business, Emory University, University of Georgia and Babson College - Finance Division
Downloads 111 (311,339)
Citation 1

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bank funding shock, consumer credit cards, consumption

36.

Buzzwords?

Number of pages: 52 Posted: 18 Jun 2021
Sudheer Chava, Wendi Du and Nikhil Paradkar
Georgia Institute of Technology - Scheller College of Business, Georgia Institute of Technology - Scheller College of Business and University of Georgia
Downloads 74 (400,879)

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Deep Learning, Natural Language Processing, Buzzwords, Emerging Technologies, Hype, Earnings Conference Calls

37.

Pension Overhang and Corporate Investment

Number of pages: 43 Posted: 04 May 2020
Emmanuel Alanis, Sudheer Chava and Peter Simasek
Texas State University, Georgia Institute of Technology - Scheller College of Business and Georgia Institute of Technology - Scheller College of Business
Downloads 58 (454,560)
Citation 1

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Pension liability, corporate investment, overhang, leverage

Debt Covenants and Corporate Governance

Annual Review of Financial Economics Vol. 11:197-219 (Volume publication date December 2019)
Posted: 09 Mar 2020
Georgia Institute of Technology - Scheller College of Business, Kent State University, University of Houston - Department of Finance and Indian School of Business (ISB), Hyderabad

Abstract:

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debt covenants, corporate finance, corporate governance, covenant violations, control rights

Debt Covenants and Corporate Governance

Annual Review of Financial Economics, Vol. 11, pp. 197-219, 2019
Posted: 12 Jan 2020
Georgia Institute of Technology - Scheller College of Business, Kent State University, University of Houston - Department of Finance and Federal Home Loan Mortgage Corporation (FHLMC)

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39.

Hyperbole or Reality? Investor Response to Extreme Language in Earnings Conference Calls

The Accounting Review, Forthcoming
Posted: 19 May 2016 Last Revised: 12 Jul 2019
Khrystyna Bochkay, Jeffrey Hales and Sudheer Chava
University of Miami - School of Business Administration, University of Texas at Austin - Department of Accounting and Georgia Institute of Technology - Scheller College of Business

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Extreme Language; Tone; Market Reactions; Analyst Revisions; Future Performance; Earnings Conference Calls

40.

Managerial Agency and Bond Covenants

Review of Financial Studies, Forthcoming
Posted: 09 Mar 2009
Sudheer Chava, Praveen Kumar and Arthur Warga
Georgia Institute of Technology - Scheller College of Business, University of Houston - Department of Finance and University of Houston - Department of Finance

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Managerial entrenchment, Fraud, Bond covenants, Contracting efficiency