Faculty profiles
Christopher Hennessy
BA (Swarthmore) MA PhD (Princeton)
Professor of Finance
- Subject area:
- Finance
- Personal site:
- Personal web page
Expertise
Specialist in corporate financial management and valuation of financial securities. Recent work focuses on hybrid debt, taxation, and the design of financial contracts. He has won three Brattle Prizes for outstanding corporate finance research published in the Journal of Finance.
Publications
Debt, Bargaining, and Credibility in Firm-Supplier Relationships, (with Dmitry Livdan), Journal of Financial Economics (forthcoming); Taxation, Agency Conflicts, and the Choice between Callable and Convertible Bonds, (with Yuri Tserlukevich), Journal of Economic Theory (forthcoming); Why Does Capital structure Choice Vary with Macroeconomic Conditions, (with Amnon Levy), Journal of Monetary Economics (2007); Can the Tradeoff Theory Explain Debt Structure?, (with Dirk Hackbarth and Hayne Leland), Review of Financial Studies (2007); How Costly is External Financing? Evidence from a Structural Estimation, (with Toni Whited), Journal of Finance (2007); Can the Tradeoff Theory Explain Debt Structure? Review of Financial Studies, 2007 (joint with Dirk Hackbarth and Hayne Leland); Why Does Capital Structure Choice Vary with Macroeconomic Conditions?, (with Amnon Levy), Journal of Monetary Economics (2007); Taxation, Agency Conflicts, and the Choice between Callable and Convertible Bonds, (with Yuri Tserlukevich), Journal of Economic Theory (2009); Debt, Bargaining, and Credibility in Firm-Supplier Relationships, (with Dmitry Livdan), Journal of Financial Economics (2009); Acquisition Values and Optimal Financial (In)Flexibility (with Ulrich Hege), Review of Financial Studies (forthcoming); Repeated Signaling and Firm Dynamics (with Dmitry Livdan and Bruno Miranda), Review of Financial Studies (forthcoming).
Research interest
Taxation, valuation of convertible and callable debt, dynamic capital structure, and information economics
Formerly
Associate Professor, University of California, Berkeley