Secured debt was once the most common type of debt issued by U.S. corporations. But that’s no longer the case. The issuance of secured debt out of all debt has fallen from 98.5 percent in 1900 to just below 5
Nitish Kumar Articles: page 1
University of Florida finance faculty research among most read, according to Financial Times
GAINESVILLE, Fla. – Inquiring academic and business minds into the latest and greatest research are looking to the work of two University of Florida Warrington College of Business faculty members for impactful insights into finance-related sustainability topics. Assistant Professors Sehoon
Exposing the dual role of mutual funds in connection with investment banks
GAINESVILLE, Fla. – Institutional investors and investment banks are two key players in today’s financial system. The relationship between these two is complex, and according to new research is one that deserves more public scrutiny due to conflicts of interest.
New study highlights the real cost of political interference in banking
GAINESVILLE, Fla. – Banks across the world have long faced a common threat – political interference. Previous studies have shown that the world average of government ownership of banks is almost 42 percent, putting banks at risk of political capture.
The decline in secured debt
“What role does collateral play in corporate borrowing?” ask Assistant Professor of Finance Nitish Kumar and his colleagues Efraim Benmelech of Northwestern University and Raghuram Rajan of the University of Chicago. The researchers explain that collateral comforts and protects a
Secrets don’t make friends: New research shows hedge funds gain information advantage from unique relationships with investment banks
GAINESVILLE, Fla. – Keeping a secret is often easier said than done, especially when there’s money on the table. For years, news outlets like The New York Times and The Wall Street Journal have written about investment banks allegedly giving
Faculty News Roundup: Warrington professors’ successes in 2017-2018
Over the 2017-2018 academic year, Warrington College of Business faculty members reminded us why they’re some of the best in the world. From producing hundreds of new research papers, to teaching countless students the fundamentals of business, to writing or