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Michael Bradley

F. M. Kirby Distinguished Professor Emeritus of Investment Banking
Fuqua School of Business
Box 90120, Durham, NC 27708-0120
100 Fuqua Drive, Box 90120, Durham, NC 27708

Selected Publications


Lawyers: Gatekeepers of the Sovereign Debt Market?

Journal Article International Review of Law & Economics · 2014 Link to item Cite

Lawyers: Gatekeepers of the Sovereign Debt Market?

Journal Article International Review of Law and Economics · 2014 Link to item Cite

Collective Action Clauses for the Eurozone

Journal Article Review of Finance · 2013 Link to item Cite

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

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

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

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

Corporate Bankruptcy and Insider Trading

Journal Article The Journal of Business · April 1997 Full text Cite

The Untenable Case for Chapter-11

Journal Article The Yale law journal · 1992 Cite

Tender Offer Auctions, Resistance Strategies, and Social-Welfare

Journal Article Journal of Law, Economics and Organization · 1989 Cite

Lawyers: Gatekeepers of the Sovereign Debt Market?

Journal Article International Review of Law & Economics · 2014 Link to item Cite

Lawyers: Gatekeepers of the Sovereign Debt Market?

Journal Article International Review of Law and Economics · 2014 Link to item Cite

Collective Action Clauses for the Eurozone

Journal Article Review of Finance · 2013 Link to item Cite

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

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

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

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

Corporate Bankruptcy and Insider Trading

Journal Article The Journal of Business · April 1997 Full text Cite

The Untenable Case for Chapter-11

Journal Article The Yale law journal · 1992 Cite

Tender Offer Auctions, Resistance Strategies, and Social-Welfare

Journal Article Journal of Law, Economics and Organization · 1989 Cite

Defensive Stock Repurchases and the Appraisal Rememdy

Journal Article The Yale law journal · 1986 Cite

Defensive Stock Repurchases

Journal Article Harvard law review · 1986 Cite

The rationale behind interfirm tender offers

Journal Article Journal of Financial Economics · April 1983 Full text Cite

The wealth effects of targeted share repurchases

Journal Article Journal of Financial Economics · April 1983 Full text Cite