Robert Vishny
Biographic Data
| ID | 1122138 |
|---|---|
| NAME | Robert Vishny |
| GIVEN NAMES | Robert |
| FAMILY NAME | Vishny |
| SIGNATURE | VISHNY R |
| AFFILIATIONS | Myron S. Scholes Distinguished Service Professor of Finance, University of Chicago Booth School of Business, Chicago, Illinois. |
| VERIFIED | No |
| TOTAL WORKS | 6 |
| TOTAL CITATIONS | 187 |
| WORKS AS AUTHOR | 6 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 1989 |
| LATEST PUBLICATION YEAR | 2017 |
| H-INDEX | 3 |
Corporate Finance
Fire Sales in Finance and Macroeconomics
Analysts of the recent financial crisis often refer to the role of asset "fire sales" in depleting the balance sheets of financial institutions and aggravating the fragility of the financial system. The term "fire sale" has been around since the nineteenth century to describe firms selling smoke-damaged merchandise at cut-rate prices in the aftermath of a fire. But what are fire sales in broad financial markets with hundreds of participants? As w…
Investor protection and corporate governance
Privatizing Russia
Law and Finance
This paper examines legal rules covering protection of corporate shareholders and creditors, the origin of these rules, and the quality of their enforcement in 49 countries.The results show that common law countries generally have the best, and French civil law countries the worst, legal protections of investors, with German and Scandinavian civil law countries located in the middle.We also find that concentration of ownership of shares in the la…
Income Distribution, Market Size, and Industrialization
When world trade is costly, a country can profitably industrialize only if its domestic markets are large enough. In such a country, for increasing returns technologies to break even, sales must be high enough to cover fixed setup costs. We suggest two conditions conducive to industrialization. First, a leading sector, such as agriculture or exports, must grow and provide the source of autonomous demand for manufactures. Second, income generated …
Investor protection and corporate governance
Fire Sales in Finance and Macroeconomics
Analysts of the recent financial crisis often refer to the role of asset "fire sales" in depleting the balance sheets of financial institutions and aggravating the fragility of the financial system. The term "fire sale" has been around since the nineteenth century to describe firms selling smoke-damaged merchandise at cut-rate prices in the aftermath of a fire. But what are fire sales in broad financial markets with hundreds of participants? As w…
Law and Finance
This paper examines legal rules covering protection of corporate shareholders and creditors, the origin of these rules, and the quality of their enforcement in 49 countries.The results show that common law countries generally have the best, and French civil law countries the worst, legal protections of investors, with German and Scandinavian civil law countries located in the middle.We also find that concentration of ownership of shares in the la…
Income Distribution, Market Size, and Industrialization
When world trade is costly, a country can profitably industrialize only if its domestic markets are large enough. In such a country, for increasing returns technologies to break even, sales must be high enough to cover fixed setup costs. We suggest two conditions conducive to industrialization. First, a leading sector, such as agriculture or exports, must grow and provide the source of autonomous demand for manufactures. Second, income generated …
Privatizing Russia
Law and Finance
This paper examines legal rules covering protection of corporate shareholders and creditors, the origin of these rules, and the quality of their enforcement in 49 countries.The results show that common law countries generally have the best, and French civil law countries the worst, legal protections of investors, with German and Scandinavian civil law countries located in the middle.We also find that concentration of ownership of shares in the la…
Investor protection and corporate governance
Fire Sales in Finance and Macroeconomics
Analysts of the recent financial crisis often refer to the role of asset "fire sales" in depleting the balance sheets of financial institutions and aggravating the fragility of the financial system. The term "fire sale" has been around since the nineteenth century to describe firms selling smoke-damaged merchandise at cut-rate prices in the aftermath of a fire. But what are fire sales in broad financial markets with hundreds of participants? As w…
Corporate Finance
Economics (4 works) · Business (3 works) · Banking stability, regulation, efficiency (2 works) · Corporate Finance and Governance (2 works) · Finance (2 works) · Political science (2 works) · State Capitalism and Financial Governance (2 works) · Accounting (1 work) · Accounting (1 work) · Agriculture (1 work)