|
|
|
Hernan Ortiz-Molina |
|
|
||
|
Assistant Professor of Finance |
||
|
|
||
|
Office:
Henry Angus 862 |
||
|
Phone: |
||
|
Fax: |
||
|
Email:
hernan.ortiz-molina“@”sauder.ubc.ca |
||
|
Address:
2053 Main Mall, |
Research Interests: Corporate finance and governance, executive compensation, industrial
organization, interaction between real and financial decisions, economics of
information, cross-sectional determinants of stock returns.
Vita [PDF]
Courses
·
BAFI 500 –
Corporate Finance
·
·
·
Publications
·
“Labor Unions, Operating
Flexibility, and the Cost of Equity”, with Jason Chen and Marcin
Kacperczyk, Journal of Financial and
Quantitative Analysis, Forthcoming. (pdf)
·
“The Strategic
Use of Corporate Cash Holdings in Collective Bargaining with Labor Unions”,
with Sandy Klasa
and William F.
Maxwell, Journal of Financial
Economics 92, 2009, 421-442. (pdf)
·
“Voting with
Their Feet: Institutional Investors Shy Away from Dual-Class Firms”, with Kai Li and Xinlei Zhao, 2009, Canadian
Investment Review 22, 6-13. (pdf)
·
“Do Voting Rights
Affect Institutional Investment Decisions? Evidence from Dual-Class Firms”,
with Kai Li and Xinlei Zhao, Financial Management, Winter 2008,
713-745. (pdf) – Winner
of the Best Paper Award in Valuation at the Northern Finance Association
Meetings 2007.
·
“Career Concerns
of Top Executives, Managerial Ownership and CEO Succession”, with M. Martin Boyer, Corporate Governance: An International
Review 16, vol. 3, 2008, 178-193. (pdf)
·
“Lending to Small
Businesses: The Role of Loan Maturity in Addressing Information Problems”, with
Maria
F. Penas, Small Business Economics 30,
vol. 4, 2008, 361-383. (pdf)
·
“Executive
Compensation and Capital Structure: The Effects of Convertible Debt and
Straight Debt”, Journal of Accounting and
Economics 43, vol. 1, 2007, 69-93. (pdf)
·
“Top-Management
Incentives and the Pricing of Corporate Public Debt”, Journal of Financial and Quantitative Analysis
Working Papers
·
“Do Non-Financial Stakeholders Affect the Pricing of Risky
Debt? Evidence From Unionized Workers”, with Jason Chen and Marcin
Kacperczyk. (pdf)
·
“Asset Liquidity
and the Cost of Capital”, with Gordon Phillips. (pdf)
·
“Average Stock Variance
and Market Returns: Evidence of Time-Varying Predictability at the Daily
Frequency”, with Jason Chen
and Stacey Zhang. (pdf)
·
“A New Robust
Instrumental Variables Estimator”, with Gabriela V. Cohen Freue and Ruben H.
Zamar. (pdf)
Useful links
All
materials in this page are Adobe PDF files. To obtain a free copy of Adobe
Acrobat Reader click HERE.