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Sebastian Gryglewicz

Personal Details

First Name:Sebastian
Middle Name:
Last Name:Gryglewicz
Suffix:
RePEc Short-ID:pgr332
[This author has chosen not to make the email address public]
http://people.few.eur.nl/gryglewicz/

Affiliation

Capaciteitsgroep Bedrijfseconomie
Faculteit der Economische Wetenschappen
Erasmus Universiteit Rotterdam

Rotterdam, Netherlands
http://www.few.eur.nl/few/index.cfm/site/Erasmus%20School0f0.000000E+00conomics/pageid/6FA44FFE-B258-8834-BEB72CE257439655/
RePEc:edi:afeurnl (more details at EDIRC)

Research output

as
Jump to: Working papers Articles

Working papers

  1. Sebastian Gryglewicz & Simon Mayer & Erwan Morellec, 2019. "Optimal Financing with Tokens," Swiss Finance Institute Research Paper Series 19-78, Swiss Finance Institute.
  2. Morellec, Erwan & Gryglewicz, Sebastian & Mayer, Simon, 2018. "Agency Conflicts over the Short and Long Run: Short-termism, Long-termism, and Pay-for-Luck," CEPR Discussion Papers 12720, C.E.P.R. Discussion Papers.
  3. Sebastian Gryglewicz & Loriano Mancini & Erwan Morellec & Enrique J. Schroth & Philip Valta, 2018. "Transitory versus Permanent Shocks: Explaining Corporate Savings and Investment," Swiss Finance Institute Research Paper Series 18-21, Swiss Finance Institute.
  4. Sebastian Gryglewicz & Simon Mayer & Erwan Morellec, 2018. "Agency Conflicts and Short- vs Long-Termism in Corporate Policies," Swiss Finance Institute Research Paper Series 18-16, Swiss Finance Institute.
  5. Jean-Paul Decamps & Sebastian Gryglewicz & Erwan Morellec & Stephane Villeneuve, 2016. "Corporate Policies with Permanent and Transitory Shocks," Swiss Finance Institute Research Paper Series 16-18, Swiss Finance Institute.
  6. Décamps, Jean-Paul & Gryglewicz, S. & Morellec, E. & Villeneuve, Stéphane, 2015. "Corporate Policies with Temporary and Permanent Shocks," TSE Working Papers 15-552, Toulouse School of Economics (TSE), revised 15 Jun 2016.
  7. Décamps, Jean Paul & Morellec, Erwan & Villeneuve, Stéphane & Gryglewicz, Sebastian, 2015. "Corporate policies with permanent and temporary shocks," CEPR Discussion Papers 10420, C.E.P.R. Discussion Papers.
  8. Gryglewicz, S., 2008. "Essays on competition, corporate financing and investment : A stochastic dynamic approach," Other publications TiSEM 2ef287e7-8c5b-430a-aacf-3, Tilburg University, School of Economics and Management.
  9. Gryglewicz, S. & Huisman, K.J.M. & Kort, P.M., 2006. "Finite Project Life and Uncertainty Effects on Investment," Discussion Paper 2006-124, Tilburg University, Center for Economic Research.

Articles

  1. Dai, Yun & Gryglewicz, Sebastian & Smit, Han T. J., 2021. "Less Popular but More Effective Toeholds in Corporate Takeovers," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 56(1), pages 283-312, February.
  2. Gryglewicz, Sebastian & Mayer, Simon & Morellec, Erwan, 2020. "Agency conflicts and short- versus long-termism in corporate policies," Journal of Financial Economics, Elsevier, vol. 136(3), pages 718-742.
  3. Sebastian Gryglewicz & Barney Hartman-Glaser & Geoffery Zheng, 2020. "Growth Options, Incentives, and Pay for Performance: Theory and Evidence," Management Science, INFORMS, vol. 66(3), pages 1248-1277, March.
  4. Sebastian Gryglewicz & Barney Hartman-Glaser, 2020. "Investment Timing and Incentive Costs," The Review of Financial Studies, Society for Financial Studies, vol. 33(1), pages 309-357.
  5. Dai, Yun & Gryglewicz, Sebastian & Smit, Han T.J. & De Maeseneire, Wouter, 2013. "Similar bidders in takeover contests," Games and Economic Behavior, Elsevier, vol. 82(C), pages 544-561.
  6. Della Seta, Marco & Gryglewicz, Sebastian & Kort, Peter M., 2012. "Optimal investment in learning-curve technologies," Journal of Economic Dynamics and Control, Elsevier, vol. 36(10), pages 1462-1476.
  7. Gryglewicz, Sebastian, 2011. "A theory of corporate financial decisions with liquidity and solvency concerns," Journal of Financial Economics, Elsevier, vol. 99(2), pages 365-384, February.
  8. Gryglewicz, Sebastian & Huisman, Kuno J.M. & Kort, Peter M., 2008. "Finite project life and uncertainty effects on investment," Journal of Economic Dynamics and Control, Elsevier, vol. 32(7), pages 2191-2213, July.

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Working papers

  1. Sebastian Gryglewicz & Simon Mayer & Erwan Morellec, 2019. "Optimal Financing with Tokens," Swiss Finance Institute Research Paper Series 19-78, Swiss Finance Institute.

    Cited by:

    1. Miglo, Anton, 2020. "STO vs ICO: A Theory of Token Issues Under Moral Hazard and Demand Uncertainty," MPRA Paper 98630, University Library of Munich, Germany.
    2. Ye Li & Simon Mayer & Simon Mayer, 2021. "Money Creation in Decentralized Finance: A Dynamic Model of Stablecoin and Crypto Shadow Banking," CESifo Working Paper Series 9260, CESifo.
    3. Cong, Lin William & Li, Ye & Wang, Neng, 2022. "Token-based platform finance," Journal of Financial Economics, Elsevier, vol. 144(3), pages 972-991.
    4. Lin William Cong & Yizhou Xiao, 2021. "Categories and Functions of Crypto-Tokens," Springer Books, in: Maurizio Pompella & Roman Matousek (ed.), The Palgrave Handbook of FinTech and Blockchain, edition 1, chapter 0, pages 267-284, Springer.
    5. Andreas Barth & Valerie Laturnus & Sasan Mansouri & Alexander F. Wagner, 2021. "ICO Analysts," Swiss Finance Institute Research Paper Series 21-26, Swiss Finance Institute.
    6. Jingxing (Rowena) Gan & Gerry Tsoukalas & Serguei Netessine, 2021. "Initial Coin Offerings, Speculation, and Asset Tokenization," Management Science, INFORMS, vol. 67(2), pages 914-931, February.

  2. Morellec, Erwan & Gryglewicz, Sebastian & Mayer, Simon, 2018. "Agency Conflicts over the Short and Long Run: Short-termism, Long-termism, and Pay-for-Luck," CEPR Discussion Papers 12720, C.E.P.R. Discussion Papers.

    Cited by:

    1. Xiong, Yan & Jiang, Xu, 2022. "Economic consequences of managerial compensation contract disclosure," Journal of Accounting and Economics, Elsevier, vol. 73(2).
    2. Dirk Hackbarth & Alejandro Rivera & Tak-Yuen Wong, 2022. "Optimal Short-Termism," Management Science, INFORMS, vol. 68(9), pages 6477-6505, September.

  3. Sebastian Gryglewicz & Loriano Mancini & Erwan Morellec & Enrique J. Schroth & Philip Valta, 2018. "Transitory versus Permanent Shocks: Explaining Corporate Savings and Investment," Swiss Finance Institute Research Paper Series 18-21, Swiss Finance Institute.

    Cited by:

    1. Arkadiusz J. Derkacz & Agnieszka Dudziak, 2021. "Savings and Investment Decisions in the Polish Energy Sector," Sustainability, MDPI, vol. 13(2), pages 1-13, January.
    2. Dirk Hackbarth & Alejandro Rivera & Tak-Yuen Wong, 2022. "Optimal Short-Termism," Management Science, INFORMS, vol. 68(9), pages 6477-6505, September.

  4. Sebastian Gryglewicz & Simon Mayer & Erwan Morellec, 2018. "Agency Conflicts and Short- vs Long-Termism in Corporate Policies," Swiss Finance Institute Research Paper Series 18-16, Swiss Finance Institute.

    Cited by:

    1. Małgorzata Janicka & Aleksandra Pieloch-Babiarz & Artur Sajnóg, 2020. "Does Short-Termism Influence the Market Value of Companies? Evidence from EU Countries," JRFM, MDPI, vol. 13(11), pages 1-22, November.
    2. Matthijs Breugem & Roberto Marfè & Francesca Zucchi, 2020. "Corporate Policies and the Term Structure of Risk," Carlo Alberto Notebooks 627, Collegio Carlo Alberto.

  5. Jean-Paul Decamps & Sebastian Gryglewicz & Erwan Morellec & Stephane Villeneuve, 2016. "Corporate Policies with Permanent and Transitory Shocks," Swiss Finance Institute Research Paper Series 16-18, Swiss Finance Institute.

    Cited by:

    1. Alessandro Barattieri & Matteo Cacciatore, 2020. "Self-Harming Trade Policy? Protectionism and Production Networks," NBER Working Papers 27630, National Bureau of Economic Research, Inc.
    2. Andrew B. Abel & Stavros Panageas, 2020. "Precautionary Saving in a Financially-Constrained Firm," NBER Working Papers 26628, National Bureau of Economic Research, Inc.
    3. Grijalva, Diego F. & Uribe-Terán, Carlos & Gachet, Iván, 2024. "The Contractionary Effects of Protectionist Trade Policy in a Dollarized Economy," IDB Publications (Working Papers) 13358, Inter-American Development Bank.
    4. Cong, Lin William & Li, Ye & Wang, Neng, 2022. "Token-based platform finance," Journal of Financial Economics, Elsevier, vol. 144(3), pages 972-991.
    5. Bolton, Patrick & Wang, Neng & Yang, Jinqiang, 2019. "Investment under uncertainty with financial constraints," Journal of Economic Theory, Elsevier, vol. 184(C).
    6. Lambrecht, Bart M., 2017. "Real options in finance," Journal of Banking & Finance, Elsevier, vol. 81(C), pages 166-171.
    7. Della Seta, Marco & Morellec, Erwan & Zucchi, Francesca, 2020. "Short-term debt and incentives for risk-taking," Journal of Financial Economics, Elsevier, vol. 137(1), pages 179-203.
    8. Yuan, Liuchuang & Jiang, Jinglu & Mu, Congming & Chen, Tuyue, 2023. "Dynamic liquidity management with asymmetric adjustment costs," Finance Research Letters, Elsevier, vol. 58(PA).
    9. Matthijs Breugem & Roberto Marfè & Francesca Zucchi, 2020. "Corporate Policies and the Term Structure of Risk," Carlo Alberto Notebooks 627, Collegio Carlo Alberto.
    10. Lambrecht, Bart & Chen, Shiqi, 2019. "Financial Policies and Internal Governance with Heterogeneous Risk Preferences," CEPR Discussion Papers 13888, C.E.P.R. Discussion Papers.
    11. Lambrecht, Bart & Tse, Alex, 2019. "Liquidation, bailout, and bail-in: Insolvency resolution mechanisms and bank lending," CEPR Discussion Papers 13734, C.E.P.R. Discussion Papers.
    12. Lin, Chunpeng & Yang, Jinqiang, 2022. "Entrepreneur’s incentives for risk-taking and short-term debt," International Review of Financial Analysis, Elsevier, vol. 84(C).
    13. Dirk Hackbarth & Alejandro Rivera & Tak-Yuen Wong, 2022. "Optimal Short-Termism," Management Science, INFORMS, vol. 68(9), pages 6477-6505, September.
    14. Albertus, James F. & Glover, Brent & Levine, Oliver, 2022. "Foreign investment of US multinationals: The effect of tax policy and agency conflicts," Journal of Financial Economics, Elsevier, vol. 144(1), pages 298-327.
    15. Morellec, Erwan & Gryglewicz, Sebastian & Mayer, Simon, 2018. "Agency Conflicts over the Short and Long Run: Short-termism, Long-termism, and Pay-for-Luck," CEPR Discussion Papers 12720, C.E.P.R. Discussion Papers.
    16. Gryglewicz, Sebastian & Mayer, Simon & Morellec, Erwan, 2020. "Agency conflicts and short- versus long-termism in corporate policies," Journal of Financial Economics, Elsevier, vol. 136(3), pages 718-742.

  6. Décamps, Jean-Paul & Gryglewicz, S. & Morellec, E. & Villeneuve, Stéphane, 2015. "Corporate Policies with Temporary and Permanent Shocks," TSE Working Papers 15-552, Toulouse School of Economics (TSE), revised 15 Jun 2016.

    Cited by:

    1. Couzoff, Panagiotis & Banerjee, Shantanu & Pawlina, Grzegorz, 2022. "Effectiveness of monitoring, managerial entrenchment, and corporate cash holdings," Journal of Corporate Finance, Elsevier, vol. 77(C).
    2. Andrew B. Abel & Stavros Panageas, 2020. "Precautionary Saving in a Financially-Constrained Firm," NBER Working Papers 26628, National Bureau of Economic Research, Inc.
    3. Cong, Lin William & Li, Ye & Wang, Neng, 2022. "Token-based platform finance," Journal of Financial Economics, Elsevier, vol. 144(3), pages 972-991.
    4. Niu, Yingjie & Yang, Jinqiang & Wu, Yaoyao & Zhao, Siqi, 2022. "Corporate social responsibility and dynamic liquidity management," Research in International Business and Finance, Elsevier, vol. 59(C).
    5. Xia, Xin & Gan, Liu, 2021. "Financing with equity-for-guarantee swaps and dynamic investment under incomplete markets," Economic Modelling, Elsevier, vol. 98(C), pages 349-360.
    6. Easterwood, John C. & Paye, Bradley S. & Xie, Yutong, 2021. "Firm uncertainty and corporate policies: The role of stock return skewness," Journal of Corporate Finance, Elsevier, vol. 69(C).
    7. Bolton, Patrick & Wang, Neng & Yang, Jinqiang, 2019. "Investment under uncertainty with financial constraints," Journal of Economic Theory, Elsevier, vol. 184(C).
    8. Décamps, Jean-Paul & Villeneuve, Stéphane, 2022. "Learning about profitability and dynamic cash management," TSE Working Papers 22-1301, Toulouse School of Economics (TSE).
    9. Décamps, Jean-Paul & Villeneuve, Stéphane, 2015. "Integrating profitability prospects and cash management," TSE Working Papers 15-570, Toulouse School of Economics (TSE).
    10. Lambrecht, Bart M., 2017. "Real options in finance," Journal of Banking & Finance, Elsevier, vol. 81(C), pages 166-171.
    11. Della Seta, Marco & Morellec, Erwan & Zucchi, Francesca, 2020. "Short-term debt and incentives for risk-taking," Journal of Financial Economics, Elsevier, vol. 137(1), pages 179-203.
    12. Yuan, Liuchuang & Jiang, Jinglu & Mu, Congming & Chen, Tuyue, 2023. "Dynamic liquidity management with asymmetric adjustment costs," Finance Research Letters, Elsevier, vol. 58(PA).
    13. Lin, Chunpeng & Yang, Jinqiang, 2022. "Entrepreneur’s incentives for risk-taking and short-term debt," International Review of Financial Analysis, Elsevier, vol. 84(C).
    14. Décamps, Jean-Paul & Villeneuve, Stéphane, 2019. "Dynamics of cash holdings, learning about profitability, and access to the market," TSE Working Papers 19-1046, Toulouse School of Economics (TSE), revised Sep 2020.
    15. Albertus, James F. & Glover, Brent & Levine, Oliver, 2022. "Foreign investment of US multinationals: The effect of tax policy and agency conflicts," Journal of Financial Economics, Elsevier, vol. 144(1), pages 298-327.
    16. Poeschl, Johannes, 2023. "Corporate debt maturity and investment over the business cycle," European Economic Review, Elsevier, vol. 152(C).
    17. Morellec, Erwan & Gryglewicz, Sebastian & Mayer, Simon, 2018. "Agency Conflicts over the Short and Long Run: Short-termism, Long-termism, and Pay-for-Luck," CEPR Discussion Papers 12720, C.E.P.R. Discussion Papers.
    18. Gryglewicz, Sebastian & Mayer, Simon & Morellec, Erwan, 2020. "Agency conflicts and short- versus long-termism in corporate policies," Journal of Financial Economics, Elsevier, vol. 136(3), pages 718-742.
    19. Malamud, Semyon & Zucchi, Francesca, 2019. "Liquidity, innovation, and endogenous growth," Journal of Financial Economics, Elsevier, vol. 132(2), pages 519-541.
    20. Li, Delong & Lu, Lei & Mu, Congming & Yang, Jinqiang, 2019. "Biased beliefs, costly external finance, and firm behavior: A Unified theory," Bank of Finland Research Discussion Papers 18/2019, Bank of Finland.

  7. Décamps, Jean Paul & Morellec, Erwan & Villeneuve, Stéphane & Gryglewicz, Sebastian, 2015. "Corporate policies with permanent and temporary shocks," CEPR Discussion Papers 10420, C.E.P.R. Discussion Papers.

    Cited by:

    1. Bolton, Patrick & Wang, Neng & Yang, Jinqiang, 2019. "Investment under uncertainty with financial constraints," Journal of Economic Theory, Elsevier, vol. 184(C).
    2. Lambrecht, Bart & Chen, Shiqi, 2019. "Financial Policies and Internal Governance with Heterogeneous Risk Preferences," CEPR Discussion Papers 13888, C.E.P.R. Discussion Papers.
    3. Lambrecht, Bart & Tse, Alex, 2019. "Liquidation, bailout, and bail-in: Insolvency resolution mechanisms and bank lending," CEPR Discussion Papers 13734, C.E.P.R. Discussion Papers.
    4. Dirk Hackbarth & Alejandro Rivera & Tak-Yuen Wong, 2022. "Optimal Short-Termism," Management Science, INFORMS, vol. 68(9), pages 6477-6505, September.
    5. Morellec, Erwan & Gryglewicz, Sebastian & Mayer, Simon, 2018. "Agency Conflicts over the Short and Long Run: Short-termism, Long-termism, and Pay-for-Luck," CEPR Discussion Papers 12720, C.E.P.R. Discussion Papers.

  8. Gryglewicz, S. & Huisman, K.J.M. & Kort, P.M., 2006. "Finite Project Life and Uncertainty Effects on Investment," Discussion Paper 2006-124, Tilburg University, Center for Economic Research.

    Cited by:

    1. Shibata, Takashi, 2009. "Investment timing, asymmetric information, and audit structure: A real options framework," Journal of Economic Dynamics and Control, Elsevier, vol. 33(4), pages 903-921, April.
    2. Sebastian Maier, 2021. "Re-evaluating natural resource investments under uncertainty: An alternative to limited traditional approaches," Annals of Operations Research, Springer, vol. 299(1), pages 907-937, April.
    3. Lukas, Elmar & Thiergart, Sascha, 2019. "The interaction of debt financing, cash grants and the optimal investment policy under uncertainty," European Journal of Operational Research, Elsevier, vol. 276(1), pages 284-299.
    4. Balter, Anne G. & Huisman, Kuno J.M. & Kort, Peter M., 2022. "Effects of creative destruction on the size and timing of an investment," International Journal of Production Economics, Elsevier, vol. 252(C).
    5. Baresa, Suzana & Bogdan, Sinisa & Ivanovic, Zoran, 2016. "Capital Investments And Financial Profitability," UTMS Journal of Economics, University of Tourism and Management, Skopje, Macedonia, vol. 7(1), pages 49-59.
    6. Djembissi, Bertrand, 2011. "Excessive risk taking and the maturity structure of debt," Journal of Economic Dynamics and Control, Elsevier, vol. 35(10), pages 1800-1816, October.
    7. Yuri Yatsenko & Natali Hritonenko, 2016. "Asset replacement under improving operating and capital costs: a practical approach," International Journal of Production Research, Taylor & Francis Journals, vol. 54(10), pages 2922-2933, May.
    8. Elmar Lukas & Andreas Welling, 2012. "On the Investment-Uncertainty Relationship: A Game Theoretic Real Option Approach," FEMM Working Papers 120030, Otto-von-Guericke University Magdeburg, Faculty of Economics and Management.
    9. M. Trojanowska & P. M. Kort, 2010. "The Worst Case for Real Options," Journal of Optimization Theory and Applications, Springer, vol. 146(3), pages 709-734, September.
    10. Thijssen, Jacco J.J., 2011. "Incomplete markets, ambiguity, and irreversible investment," Journal of Economic Dynamics and Control, Elsevier, vol. 35(6), pages 909-921, June.
    11. Huberts, Nick F.D. & Rossi Silveira, Rafael, 2023. "How economic depreciation shapes the relationship of uncertainty with investments’ size & timing," International Journal of Production Economics, Elsevier, vol. 260(C).
    12. Lukas, Elmar & Welling, Andreas, 2014. "On the investment–uncertainty relationship: A game theoretic real option approach," Finance Research Letters, Elsevier, vol. 11(1), pages 25-35.
    13. Finjord, Fredrik & Hagspiel, Verena & Lavrutich, Maria & Tangen, Marius, 2018. "The impact of Norwegian-Swedish green certificate scheme on investment behavior: A wind energy case study," Energy Policy, Elsevier, vol. 123(C), pages 373-389.
    14. Fouilloux, Jessica & Moraux, Franck & Viviani, Jean-Laurent, 2015. "Investing in finite-life carbon emissions reduction program under risk and idiosyncratic uncertainty," Energy Policy, Elsevier, vol. 82(C), pages 310-320.
    15. Qiuqi Wang & Yue Kuen Kwok, 2019. "Signaling game models of equity financing under information asymmetry and finite project life," International Journal of Financial Engineering (IJFE), World Scientific Publishing Co. Pte. Ltd., vol. 6(01), pages 1-38, March.
    16. Ni, Shawn & Ratti, Ronald A., 2009. "Heterogeneous Parameter Uncertainty and the Timing of Investment during Crisis," Economics Discussion Papers 2009-12, Kiel Institute for the World Economy (IfW Kiel).
    17. Dandan Song & Zhaojun Yang, 2014. "Utility-Based Pricing, Timing and Hedging of an American Call Option Under an Incomplete Market with Partial Information," Computational Economics, Springer;Society for Computational Economics, vol. 44(1), pages 1-26, June.
    18. Yatsenko, Yuri & Hritonenko, Natali, 2017. "Machine replacement under evolving deterministic and stochastic costs," International Journal of Production Economics, Elsevier, vol. 193(C), pages 491-501.
    19. Shibata, Takashi & Nishihara, Michi, 2010. "Dynamic investment and capital structure under manager-shareholder conflict," Journal of Economic Dynamics and Control, Elsevier, vol. 34(2), pages 158-178, February.
    20. Huisman, Kuno & Thijssen, J.J.J., 2018. "On the Option Effects of Short-Time Work Arrangements," Other publications TiSEM 7b9fcc49-a06c-49bd-a005-8, Tilburg University, School of Economics and Management.
    21. Whalley, A. Elizabeth, 2011. "Optimal R&D investment for a risk-averse entrepreneur," Journal of Economic Dynamics and Control, Elsevier, vol. 35(4), pages 413-429, April.
    22. Huisman, Kuno & Thijssen, J.J.J., 2018. "On the Option Effects of Short-Time Work Arrangements," Discussion Paper 2018-004, Tilburg University, Center for Economic Research.

Articles

  1. Dai, Yun & Gryglewicz, Sebastian & Smit, Han T. J., 2021. "Less Popular but More Effective Toeholds in Corporate Takeovers," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 56(1), pages 283-312, February.

    Cited by:

    1. Lacerda, José & Pereira, Paulo J. & Rodrigues, Artur, 2021. "Toehold acquisitions as option games," Economics Letters, Elsevier, vol. 209(C).
    2. Hu, Xiaoxue & Li, Dongxu & Wang, Jingni, 2024. "Green-selecting: Foreign institutional ownership and corporate green practices," Finance Research Letters, Elsevier, vol. 62(PB).
    3. Perafán-Peña, Héctor Fabio & Gill-de-Albornoz Noguer, Belén & Giner, Begoña, 2024. "Targets’ earnings management and ownership decisions in M&A: Can less be more ?," Finance Research Letters, Elsevier, vol. 62(PA).

  2. Gryglewicz, Sebastian & Mayer, Simon & Morellec, Erwan, 2020. "Agency conflicts and short- versus long-termism in corporate policies," Journal of Financial Economics, Elsevier, vol. 136(3), pages 718-742.

    Cited by:

    1. Feng, Felix Zhiyu & Westerfield, Mark M., 2021. "Dynamic resource allocation with hidden volatility," Journal of Financial Economics, Elsevier, vol. 140(2), pages 560-581.
    2. Niu, Yingjie & Yang, Jinqiang & Wu, Yaoyao & Zhao, Siqi, 2022. "Corporate social responsibility and dynamic liquidity management," Research in International Business and Finance, Elsevier, vol. 59(C).
    3. Xia, Xin & Gan, Liu, 2021. "Financing with equity-for-guarantee swaps and dynamic investment under incomplete markets," Economic Modelling, Elsevier, vol. 98(C), pages 349-360.
    4. Zhao, Siqi, 2022. "Robust contracting and corporate-termism," Economics Letters, Elsevier, vol. 213(C).
    5. Cheng, Teng Yuan & Susan, Enyang Besong & Lin, Hongxi & Luo, Dan, 2024. "The relationship between share pledge and corporate performance: Does corporate governance matter?," Research in International Business and Finance, Elsevier, vol. 69(C).
    6. Wu, Ting & He, Linfeng & Zhang, Fan, 2021. "Endogenous discounting, investment and Tobin’s q," The North American Journal of Economics and Finance, Elsevier, vol. 55(C).
    7. Zhao, Zhiming & Wang, Shihui & Luo, Pengfei, 2024. "Optimal short-termism and liquidity management," Economics Letters, Elsevier, vol. 241(C).
    8. Wu, Qingyang, 2024. "Power play in carbon trading market: How status of executives with R&D background incentives companies’ low-carbon innovation," Energy Policy, Elsevier, vol. 188(C).
    9. Zhang, Yuqian & Yang, Zhaojun, 2024. "Dynamic incentive contracts for ESG investing," Journal of Corporate Finance, Elsevier, vol. 87(C).
    10. Luo, Pengfei & Tian, Yuan, 2022. "Investment, payout, and cash management under risk and ambiguity," Journal of Banking & Finance, Elsevier, vol. 141(C).

  3. Sebastian Gryglewicz & Barney Hartman-Glaser & Geoffery Zheng, 2020. "Growth Options, Incentives, and Pay for Performance: Theory and Evidence," Management Science, INFORMS, vol. 66(3), pages 1248-1277, March.

    Cited by:

    1. Alain Bensoussan & Benoit Chevalier-Roignant & Alejandro Rivera, 2021. "Does Performance-Sensitive Debt mitigate Debt Overhang?," Post-Print hal-03364891, HAL.
    2. Emma Hubert, 2023. "Continuous-time incentives in hierarchies," Finance and Stochastics, Springer, vol. 27(3), pages 605-661, July.
    3. Emma Hubert, 2020. "Continuous-time incentives in hierarchies," Papers 2007.10758, arXiv.org.
    4. Morellec, Erwan & Gryglewicz, Sebastian & Mayer, Simon, 2018. "Agency Conflicts over the Short and Long Run: Short-termism, Long-termism, and Pay-for-Luck," CEPR Discussion Papers 12720, C.E.P.R. Discussion Papers.
    5. Bensoussan, Alain & Chevalier-Roignant, Benoît & Rivera, Alejandro, 2021. "Does performance-sensitive debt mitigate debt overhang?," Journal of Economic Dynamics and Control, Elsevier, vol. 131(C).

  4. Sebastian Gryglewicz & Barney Hartman-Glaser, 2020. "Investment Timing and Incentive Costs," The Review of Financial Studies, Society for Financial Studies, vol. 33(1), pages 309-357.

    Cited by:

    1. Feng, Felix Zhiyu & Westerfield, Mark M., 2021. "Dynamic resource allocation with hidden volatility," Journal of Financial Economics, Elsevier, vol. 140(2), pages 560-581.
    2. Cetemen, Doruk & Feng, Felix Zhiyu & Urgun, Can, 2023. "Renegotiation and dynamic inconsistency: Contracting with non-exponential discounting," Journal of Economic Theory, Elsevier, vol. 208(C).
    3. Sebastian Gryglewicz & Barney Hartman-Glaser & Geoffery Zheng, 2020. "Growth Options, Incentives, and Pay for Performance: Theory and Evidence," Management Science, INFORMS, vol. 66(3), pages 1248-1277, March.
    4. Dirk Hackbarth & Alejandro Rivera & Tak-Yuen Wong, 2022. "Optimal Short-Termism," Management Science, INFORMS, vol. 68(9), pages 6477-6505, September.
    5. Nagy, Roel L.G. & Fleten, Stein-Erik & Sendstad, Lars H., 2023. "Don’t stop me now: Incremental capacity growth under subsidy termination risk," Energy Policy, Elsevier, vol. 172(C).
    6. Huibing Cheng & Shanshui Zheng, 2022. "Incentive Compensation Mechanism for the Infrastructure Construction of Electric Vehicle Battery Swapping Station under Asymmetric Information," Sustainability, MDPI, vol. 14(12), pages 1-18, June.
    7. Gryglewicz, Sebastian & Mayer, Simon & Morellec, Erwan, 2020. "Agency conflicts and short- versus long-termism in corporate policies," Journal of Financial Economics, Elsevier, vol. 136(3), pages 718-742.

  5. Della Seta, Marco & Gryglewicz, Sebastian & Kort, Peter M., 2012. "Optimal investment in learning-curve technologies," Journal of Economic Dynamics and Control, Elsevier, vol. 36(10), pages 1462-1476.

    Cited by:

    1. Lukas, Elmar & Thiergart, Sascha, 2019. "The interaction of debt financing, cash grants and the optimal investment policy under uncertainty," European Journal of Operational Research, Elsevier, vol. 276(1), pages 284-299.
    2. Feng Liu & Yingshuang Tan & Sudipto Sarkar & Xueqing Zhang & Xingjun Huang, 2023. "When to invest in electric vehicles under dual credit policy: A real options approach," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(4), pages 2186-2198, June.
    3. Yao, Xilong & Liu, Yang & Qu, Shiyou, 2015. "When will wind energy achieve grid parity in China? – Connecting technological learning and climate finance," Applied Energy, Elsevier, vol. 160(C), pages 697-704.
    4. Waidelich, Paul & Krug, Joscha & Steffen, Bjarne, 2023. "Mobilizing credit for clean energy: De-risking and public loan provision under learning spillovers," ZEW Discussion Papers 23-040, ZEW - Leibniz Centre for European Economic Research.
    5. Guo, Jian-Xin & Huang, Chen, 2020. "Feasible roadmap for CCS retrofit of coal-based power plants to reduce Chinese carbon emissions by 2050," Applied Energy, Elsevier, vol. 259(C).
    6. Gan, Liu & Xia, Xin & Chen, Yifei, 2018. "Investment and financing choices by time-inconsistent managers," The North American Journal of Economics and Finance, Elsevier, vol. 46(C), pages 29-48.
    7. Huberts, Nick F.D. & Rossi Silveira, Rafael, 2023. "How economic depreciation shapes the relationship of uncertainty with investments’ size & timing," International Journal of Production Economics, Elsevier, vol. 260(C).
    8. Ye, Fanglin & Paulson, Nicholas & Khanna, Madhu, 2024. "Strategic innovation and technology adoption under technological uncertainty," Journal of Economic Dynamics and Control, Elsevier, vol. 165(C).
    9. Haejun Jeon, 2023. "Time-to-build and capacity expansion," Annals of Operations Research, Springer, vol. 328(2), pages 1461-1494, September.
    10. Sarkar, Sudipto & Zhang, Chuanqian, 2020. "Investment and financing decisions with learning-curve technology," Journal of Banking & Finance, Elsevier, vol. 121(C).
    11. Silaghi, Florina & Sarkar, Sudipto, 2021. "Agency problems in public-private partnerships investment projects," European Journal of Operational Research, Elsevier, vol. 290(3), pages 1174-1191.
    12. Way, Rupert & Lafond, François & Lillo, Fabrizio & Panchenko, Valentyn & Farmer, J. Doyne, 2019. "Wright meets Markowitz: How standard portfolio theory changes when assets are technologies following experience curves," Journal of Economic Dynamics and Control, Elsevier, vol. 101(C), pages 211-238.
    13. Luo, Pengfei & Tan, Yingxian & Yang, Jinqiang & Yao, Yanming, 2023. "Underinvestment and optimal capital structure under environmental constraints," Journal of Economic Dynamics and Control, Elsevier, vol. 157(C).
    14. Sarkar, Sudipto, 2021. "The uncertainty-investment relationship with endogenous capacity," Omega, Elsevier, vol. 98(C).
    15. Nick Huberts & Kuno Huisman & Peter Kort & Maria Lavrutich, 2015. "Capacity Choice in (Strategic) Real Options Models: A Survey," Dynamic Games and Applications, Springer, vol. 5(4), pages 424-439, December.

  6. Gryglewicz, Sebastian, 2011. "A theory of corporate financial decisions with liquidity and solvency concerns," Journal of Financial Economics, Elsevier, vol. 99(2), pages 365-384, February.

    Cited by:

    1. Bhaumik, Sumon Kumar & Das, Pranab Kumar & Kumbhakar, Subal C., 2012. "A stochastic frontier approach to modelling financial constraints in firms: An application to India," Journal of Banking & Finance, Elsevier, vol. 36(5), pages 1311-1319.
    2. Couzoff, Panagiotis & Banerjee, Shantanu & Pawlina, Grzegorz, 2022. "Effectiveness of monitoring, managerial entrenchment, and corporate cash holdings," Journal of Corporate Finance, Elsevier, vol. 77(C).
    3. Andrew B. Abel & Stavros Panageas, 2020. "Precautionary Saving in a Financially-Constrained Firm," NBER Working Papers 26628, National Bureau of Economic Research, Inc.
    4. Timothy Grieder & Claire Schaffter, 2019. "Measuring Non-Financial Corporate Sector Vulnerabilities in Canada," Staff Analytical Notes 2019-15, Bank of Canada.
    5. Bo Liu & Qing Xu & Jinqiang Yang & Shunchen Zhang, 2017. "Liquidity default, liquidity management and smooth dividends policy," Applied Economics, Taylor & Francis Journals, vol. 49(56), pages 5728-5739, December.
    6. Jin, Peizhen & Peng, Chong & Song, Malin, 2019. "Macroeconomic uncertainty, high-level innovation, and urban green development performance in China," China Economic Review, Elsevier, vol. 55(C), pages 1-18.
    7. Nishihara, Michi & Shibata, Takashi, 2018. "Dynamic bankruptcy procedure with asymmetric information between insiders and outsiders," Journal of Economic Dynamics and Control, Elsevier, vol. 90(C), pages 118-137.
    8. Giuseppe Buccheri & Stefano Grassi & Giorgio Vocalelli, 2021. "Estimating Risk in Illiquid Markets: a Model of Market Friction with Stochastic Volatility," CEIS Research Paper 506, Tor Vergata University, CEIS, revised 08 Nov 2021.
    9. Serhiy Zabolotnyy & Mirosław Wasilewski, 2019. "The Concept of Financial Sustainability Measurement: A Case of Food Companies from Northern Europe," Sustainability, MDPI, vol. 11(18), pages 1-16, September.
    10. Décamps, Jean-Paul & Gryglewicz, S. & Morellec, E. & Villeneuve, Stéphane, 2015. "Corporate Policies with Temporary and Permanent Shocks," IDEI Working Papers 843, Institut d'Économie Industrielle (IDEI), Toulouse, revised Mar 2016.
    11. Moritzen, Mark Raun & Schandlbauer, Alexander, 2020. "The impact of competition and time-to-finance on corporate cash holdings," Journal of Corporate Finance, Elsevier, vol. 65(C).
    12. Constantine Barasa & Constantine Barasa & George Achoki & Amos Njuguna, 2018. "Managers Views on the Determinants of Cash Holdings: Evidence from Kenya," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 10(8), pages 172-172, August.
    13. Décamps, Jean-Paul & Villeneuve, Stéphane, 2022. "Learning about profitability and dynamic cash management," TSE Working Papers 22-1301, Toulouse School of Economics (TSE).
    14. Gao, Ning & Mohamed, Abdulkadir, 2018. "Cash-rich acquirers do not always make bad acquisitions: New evidence," Journal of Corporate Finance, Elsevier, vol. 50(C), pages 243-264.
    15. Viral V. Acharya & Sergei A. Davydenko & Ilya A. Strebulaev, 2011. "Cash Holdings and Credit Risk," NBER Working Papers 16995, National Bureau of Economic Research, Inc.
    16. Fatima Saleh Abd Almajeed Al-Hamshary & Akmalia M. Ariff & Khairul Anuar Kamarudin & Norakma Abd Majid, 2023. "Corporate Risk-Taking and Cash Holdings: The Moderating Effect of Investor Protection," Capital Markets Review, Malaysian Finance Association, vol. 31(1), pages 1-23.
    17. Gao, Ning, 2015. "The motives of cash reserve and bidder cash reserve effects," International Review of Financial Analysis, Elsevier, vol. 37(C), pages 73-88.
    18. Décamps, Jean-Paul & Villeneuve, Stéphane, 2015. "Integrating profitability prospects and cash management," TSE Working Papers 15-570, Toulouse School of Economics (TSE).
    19. Lambrecht, Bart M., 2017. "Real options in finance," Journal of Banking & Finance, Elsevier, vol. 81(C), pages 166-171.
    20. Della Seta, Marco & Morellec, Erwan & Zucchi, Francesca, 2020. "Short-term debt and incentives for risk-taking," Journal of Financial Economics, Elsevier, vol. 137(1), pages 179-203.
    21. Vinay Singh & Bhasker Choubey & Stephan Sauer, 2024. "Liquidity forecasting at corporate and subsidiary levels using machine learning," Intelligent Systems in Accounting, Finance and Management, John Wiley & Sons, Ltd., vol. 31(3), September.
    22. Luo, Pengfei & Lu, Ting & Song, DanDan, 2021. "Real options for an entrepreneur with preferences for liquidity," Economics Letters, Elsevier, vol. 204(C).
    23. Zhang, Wenlong & Wang, Haijun, 2021. "Entrepreneurial decisions with idiosyncratic risk and unknown profitability," Economic Modelling, Elsevier, vol. 103(C).
    24. Attaoui, Sami & Poncet, Patrice, 2015. "Write-Down Bonds and Capital and Debt Structures," Journal of Corporate Finance, Elsevier, vol. 35(C), pages 97-119.
    25. Chen, Hsuan-Chi & Chou, Robin K. & Lu, Chien-Lin, 2021. "Misvaluation and the corporate propensity to hold cash," Journal of Corporate Finance, Elsevier, vol. 70(C).
    26. Davide Dottori & Giacinto Micucci, 2018. "Corporate liquidity in Italy and its increase in the long recession," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 35(3), pages 981-1014, December.
    27. Yao, Yanming & Luo, Pengfei, 2023. "Optimal capital structure and credit spreads under pandemic shocks," Economics Letters, Elsevier, vol. 224(C).
    28. Lambrecht, Bart & Chen, Shiqi, 2019. "Financial Policies and Internal Governance with Heterogeneous Risk Preferences," CEPR Discussion Papers 13888, C.E.P.R. Discussion Papers.
    29. Lambrecht, Bart & Tse, Alex, 2019. "Liquidation, bailout, and bail-in: Insolvency resolution mechanisms and bank lending," CEPR Discussion Papers 13734, C.E.P.R. Discussion Papers.
    30. Helen Wei Hu & Lin Cui & Preet S Aulakh, 2019. "State capitalism and performance persistence of business group-affiliated firms: A comparative study of China and India," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 50(2), pages 193-222, March.
    31. Alexander Burck & Martin Glaum & Kati Schnürer, 2018. "Cash-Flow-Planung – Anforderungen und praktische Umsetzung im internationalen Konzern [Cash-Flow Planning – Requirements and Implementation in a Multinational Corporation]," Schmalenbach Journal of Business Research, Springer, vol. 70(4), pages 393-425, December.
    32. Ştefan Cristian Gherghina, 2014. "Designing The Production Rules For An Expert System Towards Valuation Liquidity And Solvency Risk," Romanian Economic Business Review, Romanian-American University, vol. 8(2), pages 438-446, December.
    33. Koch-Medina, Pablo & Moreno-Bromberg, Santiago & Ravanelli, Claudia & Šikić, Mario, 2021. "Revisiting optimal investment strategies of value-maximizing insurance firms," Insurance: Mathematics and Economics, Elsevier, vol. 99(C), pages 131-151.
    34. Jessen, Cathrine & Lando, David, 2015. "Robustness of distance-to-default," Journal of Banking & Finance, Elsevier, vol. 50(C), pages 493-505.
    35. Décamps, Jean-Paul & Villeneuve, Stéphane, 2019. "Dynamics of cash holdings, learning about profitability, and access to the market," TSE Working Papers 19-1046, Toulouse School of Economics (TSE), revised Sep 2020.
    36. Lingli Qing & Ibrahim Alnafrah & Abd Alwahed Dagestani, 2024. "Does green technology innovation benefit corporate financial performance? Investigating the moderating effect of media coverage," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(3), pages 1722-1740, May.
    37. Décamps, Jean Paul & Morellec, Erwan & Villeneuve, Stéphane & Gryglewicz, Sebastian, 2015. "Corporate policies with permanent and temporary shocks," CEPR Discussion Papers 10420, C.E.P.R. Discussion Papers.
    38. Pauli Murto & Marko Terviö, 2014. "Exit Options And Dividend Policy Under Liquidity Constraints," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 55(1), pages 197-221, February.
    39. Luo, Pengfei & Tan, Yingxian & Yang, Jinqiang & Yao, Yanming, 2023. "Underinvestment and optimal capital structure under environmental constraints," Journal of Economic Dynamics and Control, Elsevier, vol. 157(C).
    40. Elnahas, Ahmed M. & Hassan, M. Kabir & Ismail, Ghada M., 2017. "Religion and ratio analysis: Towards an Islamic corporate liquidity measure," Emerging Markets Review, Elsevier, vol. 30(C), pages 42-65.
    41. Klimenko, Nataliya & Moreno-Bromberg, Santiago, 2016. "The shadow costs of repos and bank liability structure," Journal of Economic Dynamics and Control, Elsevier, vol. 65(C), pages 1-29.
    42. Morales-Acevedo, Paola, 2016. "Firms’ Strategic Choice of Loan Delinquencies," Working Paper Series 321, Sveriges Riksbank (Central Bank of Sweden).
    43. Michi Nishihara & Takashi Shibata, 2018. "Liquidation, fire sales, and acquirers' private information," Discussion Papers in Economics and Business 18-25, Osaka University, Graduate School of Economics.
    44. Yi-Mien Lin & Tzu-Wen Lee, 2016. "The Effects of Earnings Quality and Leverage Deficit on Financing Policy," Accounting and Finance Research, Sciedu Press, vol. 5(3), pages 144-144, August.
    45. Rashid Ameer, 2012. "Impact of cash holdings and ownership concentration on firm valuation," Review of Accounting and Finance, Emerald Group Publishing Limited, vol. 11(4), pages 448-467, October.
    46. Kuti, Mónika, 2011. "Cash Flow at Risk, Financial Flexibility and Financing Constraint," Public Finance Quarterly, Corvinus University of Budapest, vol. 56(4), pages 505-517.
    47. Murphy, Austin & Headley, Adrian, 2022. "An empirical evaluation of alternative fundamental models of credit spreads," International Review of Financial Analysis, Elsevier, vol. 81(C).
    48. Mouzas, Stefanos & Bauer, Florian, 2022. "Rethinking business performance in global value chains," Journal of Business Research, Elsevier, vol. 144(C), pages 679-689.
    49. Sami Attaoui, 2016. "Capital Structure And Tax Convexity When The Maturity Of Debt Is Finite," International Journal of Theoretical and Applied Finance (IJTAF), World Scientific Publishing Co. Pte. Ltd., vol. 19(01), pages 1-20, February.
    50. Luo, Pengfei & Chen, Biao & Liu, Fengjun, 2020. "Growth option, debt maturity and cash reserves with bank-tax-interaction," The North American Journal of Economics and Finance, Elsevier, vol. 52(C).
    51. Sumon Bhaumik & Pranab Kumar Das & Subal C. Kumbhakar, 2011. "Firm Investment & Credit Constraints in India, 1997 ??? 2006: A stochastic frontier approach," William Davidson Institute Working Papers Series wp1010, William Davidson Institute at the University of Michigan.
    52. Ning Wu & Jingyi Zhao & Mohammed Musah & Zhiqiang Ma & Lijuan Zhang & Yutong Zhou & Yongzheng Su & Joseph Kwasi Agyemang & Juliana Anyei Asiamah & Siqi Cao & Linnan Yao & Kaodui Li, 2023. "Do Liquidity and Capital Structure Predict Firms’ Financial Sustainability? A Panel Data Analysis on Quoted Non-Financial Establishments in Ghana," Sustainability, MDPI, vol. 15(3), pages 1-21, January.
    53. Cook, Douglas O. & Fu, Xudong & Tang, Tian, 2014. "The effect of liquidity and solvency risk on the inclusion of bond covenants," Journal of Banking & Finance, Elsevier, vol. 48(C), pages 120-136.
    54. Francis A. Longstaff & Ilya A. Strebulaev, 2014. "Corporate Taxes and Capital Structure: A Long-Term Historical Perspective," NBER Working Papers 20372, National Bureau of Economic Research, Inc.

  7. Gryglewicz, Sebastian & Huisman, Kuno J.M. & Kort, Peter M., 2008. "Finite project life and uncertainty effects on investment," Journal of Economic Dynamics and Control, Elsevier, vol. 32(7), pages 2191-2213, July.
    See citations under working paper version above.

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NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 7 papers announced in NEP. These are the fields, ordered by number of announcements, along with their dates. If the author is listed in the directory of specialists for this field, a link is also provided.
  1. NEP-RMG: Risk Management (4) 2015-02-16 2015-02-22 2016-02-23 2016-07-30
  2. NEP-BEC: Business Economics (2) 2018-03-12 2018-08-20
  3. NEP-HRM: Human Capital and Human Resource Management (2) 2018-03-12 2018-08-20
  4. NEP-CFN: Corporate Finance (1) 2018-08-27
  5. NEP-CTA: Contract Theory and Applications (1) 2018-03-12
  6. NEP-DGE: Dynamic General Equilibrium (1) 2015-02-16
  7. NEP-MIC: Microeconomics (1) 2018-03-12

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