Risk-Shifting Effects is a theoretical construct in financial economics that identifies the tendency of shareholders and managers to prefer riskier investment projects over safer ones when a firm is financially distressed, as the potential gains accrue to equity holders while the losses are primarily borne by debt holders.
166
Publications
11.3K
Citations
300
Authors
225
Institutions
Publications per year
2017–2026
43
Variants
Asset Substitution Effect
Parents
Publications
166
Risk Shifting and Mutual Fund Performance
Jennifer Huang, Clemens Sialm, Hanjiang Zhang · Review of Financial Studies · 2011 · 459 citations
Empirical Evidence of Risk Shifting in Financially Distressed Firms
Assaf Eisdorfer · The Journal of Finance · 2008 · 371 citations
1–5 of 166
Authors
300
- MK
4
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- AP
4
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- CS
3
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- JR
3
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- HI
3
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1–5 of 300
Institutions
225
National Bureau of Economic Research
Cambridge, United States
14 h-index
21 publications
1.4K citations
Centre for Economic Policy Research
London, United Kingdom
11 h-index
14 publications
776 citations
The University of Texas at Austin
Austin, United States
8 h-index
12 publications
1.8K citations
Cornell University
Ithaca, United States
7 h-index
10 publications
1.1K citations
New York University
New York, United States
6 h-index
8 publications
617 citations
University of Chicago
Chicago, United States
5 h-index
6 publications
607 citations
Tilburg University
Tilburg, The Netherlands
4 h-index
5 publications
167 citations
Banque de France
Paris, France
4 h-index
8 publications
476 citations
1–8 of 225
Venues
- SSRN Electronic Journal
Repository · 36 publications · 1.4K citations
22
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- The Journal of Finance
8 publications · 1.1K citations
8
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- Review of Financial Studies
5 publications · 984 citations
5
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- Journal of Financial Economics
5 publications · 856 citations
5
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- Journal of Banking & Finance
5 publications · 441 citations
5
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1–5