Michael Bradley

Journal Article Journal of Financial Economics · January 1, 2010 This paper documents frequent attempts by activist arbitrageurs to open-end discounted closed-end funds, particularly after the 1992 proxy reform which reduced the costs of communication among shareholders. Open-ending attempts have a substantial effect on ... Full text Cite

The Market Reaction to Legal Shocks and Their Antidotes: Lessons From The Sovereign Debt Market

Journal Article Journal of Legal Studies · 2010 Link to item Cite

Expected Inflation and the Constant‐Growth Valuation Model*

Journal Article Journal of Applied Corporate Finance · March 2008 In the presence of inflation, the standard Constant‐Growth valuation model found throughout the finance literature is not valid in cases where a company either (1) makes no net new investments or (2) invests only in zero Net Present Value projects. ... Full text Cite

The Structure and Pricing of Corporate Debt Covenants

Journal Article · May 13, 2004 Cite

The Structure and Pricing of Corporate Debt Covenants

Journal Article · March 11, 2004 Cite

The Purposes and Accountability of the Corporation in Contemporary Society: Corporate Governance at a Crossroads

Journal Article Law and Contemporary Problems · 1999 Cite

Dividend policy and cash-flow uncertainty

Journal Article Real Estate Economics · January 1, 1998 We explore the role of expected cash-flow volatility as a determinant of dividend policy both theoretically and empirically. Our simple one-period model demonstrates that, given the existence of a stock-price penalty associated with dividend cuts, managers ... Full text Cite

Insider Trading, Outside Search and Resource Allocation: Why Firms and Society May Disagree on Insider Trading Restrictions

Journal Article Cite

Michael Bradley

Selected Publications

Pricing Sovereign Debt: Discretion v. Expropriation

A Sovereign's Cost of Capital: Go Foreign or Stay Local

Lawyers: Gatekeepers of the Sovereign Debt Market?

Does Board Independence Reduce the Cost of Debt?

Lawyers: Gatekeepers of the Sovereign Debt Market?

Collective Action Clauses for the Eurozone

Corporate Governance and the Cost of Debt: Evidence from Directtor Limited Liability and Indemnification Provisions

The Market Reaction to Legal Shocks and Their Antidotes: Lessons from the Sovereign Debt Market

Activist arbitrage: A study of open-ending attempts of closed-end funds

The Market Reaction to Legal Shocks and Their Antidotes: Lessons From The Sovereign Debt Market

Expected Inflation and the Constant‐Growth Valuation Model*

The Structure and Pricing of Corporate Debt Covenants

The Structure and Pricing of Corporate Debt Covenants

The Purposes and Accountability of the Corporation in Contemporary Society: Corporate Governance at a Crossroads

Dividend policy and cash-flow uncertainty

Corporate Bankruptcy and Insider Trading

The Untenable Case for Chapter-11

The Relevance of the Duty of Care Standard in Corporate Governance

Tender Offer Auctions, Resistance Strategies, and Social-Welfare

Synergistic gains from corporate acquisitions and their division between the stockholders of target and acquiring firms

Studying Firm-Specific Effects of Regulation with Stock Market Data: An Application to Oil Price Regulation

Defensive Stock Repurchases and the Appraisal Rememdy

Defensive Stock Repurchases

The Role of Liability Rules and the Derivative Suit in Corporate-Law - A Theoretical and Empirical-Analysis

On the Existence of an Optimal Capital Structure: Theory and Evidence

The rationale behind interfirm tender offers

The wealth effects of targeted share repurchases

Insider Trading, Outside Search and Resource Allocation: Why Firms and Society May Disagree on Insider Trading Restrictions