Heitor Almeida

 

Stanley C. and Joan J. Golder Chair in Corporate Finance

University of Illinois

 

Research associate

National Bureau of Economic Research

 

 

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      Department Profile

 

      SSRN Author Page

Research Papers

   The Effect of Internal Capital Markets on Corporate Investment: Evidence from the Asian Financial Crisis, with Chang-Soo Kim.

 

     Corporate Debt Maturity and the Real Effects of the Panic of August 2007, with Murillo Campello, Bruno Laranjeira, and Scott Weisbenner. Forthcoming, Critical Finance Review.

        

     More on the Performance of Higher Order Moment Estimators in Investment Equations, with Murillo Campello and Antonio Galvao.

   

    Aggregate Risk and the Choice Between Cash and Lines of Credit, with Viral Acharya and Murillo Campello. Revise and resubmit, Journal of Finance.

    

     Liquidity Mergers, with Dirk Hackbarth and Murillo Campello. Forthcoming, Journal of Financial Economics.

   

     The Structure and Formation of Business Groups: Evidence from Korean Chaebols, with Sang Yong Park, Marti Subrahmanyam, and Daniel Wolfenzon. Journal of Financial Economics, 2011.

        

    Measurement Errors in Investment Equations, with Murillo Campello and Antonio Galvao, Review of Financial Studies, 2010.

 

     Corporate Financial and Investment Policies when Future Financing is not Frictionless, with Murillo Campello and Michael Weisbach. Forthcoming, Journal of Corporate Finance.

 

     Financing Frictions and the Substitution Between Internal and External Funds, with Murillo Campello, 2010, Journal of Financial and Quantitative Analysis.

 

     Understanding the Relationship Between Founder-CEOs and Corporate Performance, with Renee Adams and Daniel Ferreira, 2009, Journal of Empirical Finance.

 

     Estimating Risk-Adjusted Costs of Financial Distress, with Thomas Philippon, Journal of Applied Corporate Finance, Fall 2008, 105-111.

 

     Is Cash Negative Debt? A Hedging Perspective on Corporate Financial Policies, with Viral Acharya and Murillo Campello, Journal of Financial Intermediation, 2007, 16: 515-554.

 

     The Risk-Adjusted Cost of Financial Distress, with Thomas Philippon, Journal of Finance, December 2007.

 

     Financial Constraints, Asset Tangibility and Corporate Investment, with Murillo Campello, Review of Financial Studies, 2007 (20), 1429-1460.

 

    A Theory of Pyramidal Ownership and Family Business Groups, with Daniel Wolfenzon, 2006, Journal of Finance 61, p. 2637-2681.

 

     The Financial Accelerator: Evidence from International Housing Markets, with Murillo Campello and Crocker Liu, 2006, Review of Finance 10, p.1-32

 

     Should Business Groups Be Dismantled? The Equilibrium Costs of Efficient Internal Capital Markets, with Daniel Wolfenzon, 2006, Journal of Financial Economics 79, p. 99-144.

 

       Powerful CEOs and Their Impact on Corporate Performance, with Renee Adams and Daniel Ferreira, 2005, Review of Financial Studies 18: 1403-1432.

 

      The Effect of External Finance on the Equilibrium Allocation of Capital, with Daniel Wolfenzon, 2005, Journal of Financial Economics 75, 133-164

 

     The Cash Flow Sensitivity of Cash, with Murillo Campello and Michael Weisbach, 2004, Journal of Finance 59, p. 1777-1804

 

      Optimal State-Dependent Rules, Credibility and Inflation Inertia, with Marco Bonomo, Journal of Monetary Economics 49, p. 1317-1336, October 2002

 

      Democracy and the Variability of Economic Performance, with Daniel Ferreira, Economics and Politics 14, p. 225-257, November 2002

 

      Vita