Details about Ulrich Hege

Homepage:	http://www.tse-fr.eu/people/ulrich-hege
Phone:	+33 6 61 12 86 01
Postal address:	Ulrich Hege Toulouse School of Economics 1 esplanade de l'Université 31080 Toulouse Cedex 6, France
Workplace:	Toulouse School of Economics (TSE), (more information at EDIRC)

Access statistics for papers by Ulrich Hege.

Last updated 2024-04-06. Update your information in the RePEc Author Service.

Short-id: phe6

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Working Papers

2024

1. Climate Patents and Financial Markets
   TSE Working Papers, Toulouse School of Economics (TSE) View citations (2)

2022

2. Activism Waves and the Market for Corporate Assets
   TSE Working Papers, Toulouse School of Economics (TSE)

2021

3. Mandatory governance reform and corporate risk management
   Post-Print, HAL View citations (2)
   See also Journal Article Mandatory governance reform and corporate risk management, Journal of Corporate Finance, Elsevier (2021) View citations (4) (2021)

2020

4. Blockholder Leverage and Payout Policy: Evidence from French Holding Companies
   Post-Print, HAL View citations (6)
   Also in TSE Working Papers, Toulouse School of Economics (TSE) (2019)
   See also Journal Article Blockholder leverage and payout policy: Evidence from French holding companies, Journal of Business Finance & Accounting, Wiley Blackwell (2020) View citations (6) (2020)
5. Carbon Policies and Climate Financial Regulation
   Working Paper, Agence française de développement

2019

6. Bond Exchange Offers or Collective Action Clauses?
   EconPol Working Paper, ifo Institute - Leibniz Institute for Economic Research at the University of Munich
   Also in TSE Working Papers, Toulouse School of Economics (TSE) (2019)
   See also Journal Article Bond Exchange Offers or Collective Action Clauses?, Finance, Presses universitaires de Grenoble (2019) (2019)

2018

7. Divisional Buyouts by Private Equity and the Market for Divested Assets
   TSE Working Papers, Toulouse School of Economics (TSE) View citations (3)
   See also Journal Article Divisional buyouts by private equity and the market for divested assets, Journal of Corporate Finance, Elsevier (2018) View citations (3) (2018)
8. The impact of mandatory governance changes on financial risk management
   TSE Working Papers, Toulouse School of Economics (TSE) View citations (1)

2016

9. Extending Industry Specialization through Cross-Border Acquisitions
   TSE Working Papers, Toulouse School of Economics (TSE)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016)
   See also Journal Article Extending Industry Specialization through Cross-Border Acquisitions, The Review of Financial Studies, Society for Financial Studies (2017) View citations (37) (2017)

2015

10. Fund Managers under pressure: Rationale and Determinants of Secondary Buyouts
    Post-Print, HAL View citations (25)
    Also in Post-Print, HAL (2013) View citations (1)
    See also Journal Article Fund managers under pressure: Rationale and determinants of secondary buyouts, Journal of Financial Economics, Elsevier (2015) View citations (26) (2015)

2014

11. Are novice private equity funds risk-takers? Evidence from a comparison with established funds
    LIDAM Reprints CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) View citations (9)
    See also Journal Article Are novice private equity funds risk-takers? Evidence from a comparison with established funds, Journal of Corporate Finance, Elsevier (2014) View citations (9) (2014)

2013

12. Entrepreneurial Spawning and Firm Characteristics
    HEC Research Papers Series, HEC Paris View citations (10)
    Also in Post-Print, HAL (2013) View citations (4)
    Working Papers, University of Pennsylvania, Wharton School, Weiss Center (2011)
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute (2011) View citations (1)
    See also Journal Article Entrepreneurial Spawning and Firm Characteristics, Management Science, INFORMS (2013) View citations (9) (2013)

2012

13. Asset sales and the role of buyers: strategic buyers versus private equity
    MPRA Paper, University Library of Munich, Germany View citations (6)
14. Bank Debt Renegotiation in Repeated Oligopolies
    Working Papers, HAL
15. Basel II: Internal Ratings and Bank Differentiation
    Working Papers, HAL
16. Contentious Contracts
    Working Papers, HAL
    Also in Cahiers de recherche, Universite de Montreal, Departement de sciences economiques (1997)
    Other publications TiSEM, Tilburg University, School of Economics and Management (1997) View citations (1)
    Discussion Paper, Tilburg University, Center for Economic Research (1997)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1998)
17. Equity and Cash in Intercorporate Asset Sales: Theory and Evidence
    Working Papers, HAL
    Also in HEC Research Papers Series, HEC Paris (2006)
    Post-Print, HAL (2009) View citations (20)
    See also Journal Article Equity and Cash in Intercorporate Asset Sales: Theory and Evidence, The Review of Financial Studies, Society for Financial Studies (2009) View citations (22) (2009)
18. Multilateral Debt Renegotiation and the Maturity and Seniority of Large Creditors
    Working Papers, HAL
19. Multiple Large Shareholders and Control Contests
    Working Papers, HAL
20. The Basel Accord and The Value of Bank Differentiation
    Post-Print, HAL View citations (18)
    See also Journal Article The Basel Accord and the Value of Bank Differentiation, Review of Finance, European Finance Association (2012) View citations (19) (2012)
21. The Financing of Innovation: Learning and Stopping
    Working Papers, HAL
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2001) View citations (9)
    Other publications TiSEM, Tilburg University, School of Economics and Management (2001) View citations (6)
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2001) View citations (9)
    Discussion Paper, Tilburg University, Center for Economic Research (2001) View citations (6)
    Post-Print, HAL (2005) View citations (133)
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2004) View citations (12)
    See also Journal Article The Financing of Innovation: Learning and Stopping, RAND Journal of Economics, The RAND Corporation (2005) View citations (150) (2005)
22. Venture Capital and Sequential Investments
    Working Papers, HAL
    Also in Post-Print, HAL (2009) View citations (8)
    Levine's Working Paper Archive, David K. Levine (2009) View citations (13)
    Post-Print, HAL (2011) View citations (2)
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2009) View citations (11)
    Post-Print, HAL (2010) View citations (1)
    Post-Print, HAL (2011) View citations (2)
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2009) View citations (9)
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2008) View citations (16)
    Post-Print, HAL (2011) View citations (2)
23. What is the Magic in an Equity Deal ? Theory and Evidence on the Means of Payment in Asset Sales
    Working Papers, HAL

2011

24. Acquisition values and optimal financial (in)flexibility
    Working Papers, HAL
    Also in Post-Print, HAL (2010) View citations (4)
    HEC Research Papers Series, HEC Paris (2007)
    See also Journal Article Acquisition Values and Optimal Financial (In)Flexibility, The Review of Financial Studies, Society for Financial Studies (2010) View citations (5) (2010)
25. Basel II and the Value of Bank Differentiation
    Working Papers, HAL
    Also in HEC Research Papers Series, HEC Paris (2007) View citations (1)
26. Determinants of Venture Capital Performance: Europe and the United States
    Working Papers, HAL View citations (18)
    Also in Post-Print, HAL (2006)
27. Ownership and Control in Joint Ventures: Theory and Evidence
    Working Papers, HAL
    Also in HEC Research Papers Series, HEC Paris (2002) View citations (5)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) View citations (28)
28. Private Equity Bidders in Corporate Asset Sales
    Post-Print, HAL
29. The Private Equity Secondaries Market During the Financial Crisis and the "Valuation Gap"
    Post-Print, HAL View citations (2)
    Also in MPRA Paper, University Library of Munich, Germany (2011) View citations (2)
30. Trade Credit Chains and Liquidity Supply
    Working Papers, HAL

2010

31. Le rôle déstabilisateur des dérivés de crédit
    Post-Print, HAL
32. When Private Equity Can be Generous
    Post-Print, HAL View citations (1)

2009

33. Debt and Dividends in Pyramids: Evidence form France
    Post-Print, HAL
34. Equity or Cash? The Signal Sent by the Way You Pay
    Post-Print, HAL
35. Leverage in Pyramids: When Debt Leads to Higher Dividends
    Working Papers, HAL View citations (3)
36. The Role of Private Equity in Corporate Asset Sales: Theory and Evidence
    Post-Print, HAL
37. Venture Capital Performance: The Disparity Between Europe and the United States / Performances du capital risque: Les disparités entre l'Europe et les États-Unis
    Post-Print, HAL
38. Venture capital performance: the disparity between Europe and the United States
    MPRA Paper, University Library of Munich, Germany View citations (35)
    See also Journal Article Venture Capital Performance: The Disparity Between Europe and the United States, Finance, Presses universitaires de Grenoble (2009) View citations (29) (2009)

2007

39. The Internet Boom in a Corporate Finance Retrospective
    Post-Print, HAL

2006

40. Cash and equity in asset sales
    Post-Print, HAL
41. The Law and Finance of Venture Capital Financing in Europe: Findings from the RICAFE Resarch Project
    Post-Print, HAL View citations (1)
    Also in MPRA Paper, University Library of Munich, Germany (2005)

2005

42. Repeated Dilution of Diffusely Held Debt
    Post-Print, HAL View citations (35)
    Also in HEC Research Papers Series, HEC Paris (2002) View citations (7)
    See also Journal Article Repeated Dilution of Diffusely Held Debt, The Journal of Business, University of Chicago Press (2005) View citations (38) (2005)

2004

43. The Basel II Accord: Internal ratings and bank defferentiation
    CFS Working Paper Series, Center for Financial Studies (CFS) View citations (3)
44. The Value of Benchmarking
    Post-Print, HAL
    Also in Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2002) View citations (6)
    HEC Research Papers Series, HEC Paris (2002) View citations (8)

2003

45. Multiple Shareholders and Control Contests
    MPRA Paper, University Library of Munich, Germany View citations (20)
46. Safety monitoring, capital structure, and "financial responsibility"
    Post-Print, HAL View citations (3)
    Also in Discussion Paper, Tilburg University, Center for Economic Research (2000)
    Other publications TiSEM, Tilburg University, School of Economics and Management (2000)
    See also Journal Article Safety monitoring, capital structure, and "financial responsibility", International Review of Law and Economics, Elsevier (2003) View citations (6) (2003)
47. Workouts, court-supervised reorganization and the choice between private and public debt
    Post-Print, HAL View citations (12)
    See also Journal Article Workouts, court-supervised reorganization and the choice between private and public debt, Journal of Corporate Finance, Elsevier (2003) View citations (14) (2003)

2002

48. Reorganization Law Design in Different Financial Systems
    Post-Print, HAL
49. Safety regulation and monitor liability
    Post-Print, HAL View citations (5)

2001

50. L'évaluation et le financement des start-up Internet
    Post-Print, HAL View citations (3)
    See also Journal Article L'évaluation et le financement des start-up Internet, Revue Économique, Programme National Persée (2001) View citations (8) (2001)

2000

51. Bargaining Power and Optimal Leverage
    Post-Print, HAL View citations (8)
52. Collateral, Renegotiation And The Value Of Diffusely Held Debt
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
    Also in Discussion Paper, Tilburg University, Center for Economic Research (1999)
    Other publications TiSEM, Tilburg University, School of Economics and Management (1999)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2000)
    FMG Discussion Papers, Financial Markets Group (2000) View citations (2)
53. Environmental Harm and Financial Responsibility
    Post-Print, HAL View citations (12)
    Also in Other publications TiSEM, Tilburg University, School of Economics and Management (2000) View citations (12)
54. Introduction to "Valuation and Corporate Finance"
    Post-Print, HAL
55. Reorganization Law and Dilution Threats in Different Financial Systems
    Discussion Paper, Tilburg University, Center for Economic Research
    Also in Other publications TiSEM, Tilburg University, School of Economics and Management (2000)

1999

56. The Role of Insurance in the Adjudication of Multi-Party Accidents
    Post-Print, HAL View citations (1)
    Also in Post-Print, HAL (1999) View citations (1)
    See also Journal Article The role of insurance in the adjudication of multiparty accidents, International Review of Law and Economics, Elsevier (1999) View citations (2) (1999)

1998

57. Bank debt and publicly traded debt in repeated oligopolies
    Discussion Paper, Tilburg University, Center for Economic Research View citations (3)
58. Delegation and Delay in Bank Privatization
    William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan View citations (1)
59. Efficient Liability Rules for Multi-Party Accidents with Moral Hazard
    Post-Print, HAL View citations (7)
    Also in Other publications TiSEM, Tilburg University, School of Economics and Management (1998) View citations (7)
    See also Journal Article Efficient Liability Rules for Multi-Party Accidents With Moral Hazard, Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen (1998) View citations (7) (1998)
60. Venture capital financing, moral hazard, and learning
    Post-Print, HAL View citations (284)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1997) View citations (46)
    Other publications TiSEM, Tilburg University, School of Economics and Management (1997) View citations (11)
    See also Journal Article Venture capital financing, moral hazard, and learning, Journal of Banking & Finance, Elsevier (1998) View citations (310) (1998)

Journal Articles

2021

1. Mandatory governance reform and corporate risk management
   Journal of Corporate Finance, 2021, 68, (C) View citations (4)
   See also Working Paper Mandatory governance reform and corporate risk management, Post-Print (2021) View citations (2) (2021)

2020

2. Blockholder leverage and payout policy: Evidence from French holding companies
   Journal of Business Finance & Accounting, 2020, 47, (1-2), 253-292 View citations (6)
   See also Working Paper Blockholder Leverage and Payout Policy: Evidence from French Holding Companies, Post-Print (2020) View citations (6) (2020)

2019

3. Bond Exchange Offers or Collective Action Clauses?
   Finance, 2019, 40, (3), 77-119
   See also Working Paper Bond Exchange Offers or Collective Action Clauses?, EconPol Working Paper (2019) (2019)

2018

4. Divisional buyouts by private equity and the market for divested assets
   Journal of Corporate Finance, 2018, 53, (C), 21-37 View citations (3)
   See also Working Paper Divisional Buyouts by Private Equity and the Market for Divested Assets, TSE Working Papers (2018) View citations (3) (2018)

2017

5. Extending Industry Specialization through Cross-Border Acquisitions
   The Review of Financial Studies, 2017, 30, (5), 1539-1582 View citations (37)
   See also Working Paper Extending Industry Specialization through Cross-Border Acquisitions, TSE Working Papers (2016) (2016)

2015

6. Fund managers under pressure: Rationale and determinants of secondary buyouts
   Journal of Financial Economics, 2015, 115, (1), 102-135 View citations (26)
   See also Working Paper Fund Managers under pressure: Rationale and Determinants of Secondary Buyouts, Post-Print (2015) View citations (25) (2015)

2014

7. Are novice private equity funds risk-takers? Evidence from a comparison with established funds
   Journal of Corporate Finance, 2014, 27, (C), 55-71 View citations (9)
   See also Working Paper Are novice private equity funds risk-takers? Evidence from a comparison with established funds, LIDAM Reprints CORE (2014) View citations (9) (2014)

2013

8. Entrepreneurial Spawning and Firm Characteristics
   Management Science, 2013, 59, (12), 2790-2804 View citations (9)
   See also Working Paper Entrepreneurial Spawning and Firm Characteristics, HEC Research Papers Series (2013) View citations (10) (2013)

2012

9. The Basel Accord and the Value of Bank Differentiation
   Review of Finance, 2012, 16, (4), 1043-1092 View citations (19)
   See also Working Paper The Basel Accord and The Value of Bank Differentiation, Post-Print (2012) View citations (18) (2012)

2010

10. Acquisition Values and Optimal Financial (In)Flexibility
    The Review of Financial Studies, 2010, 23, (7), 2865-2899 View citations (5)
    See also Working Paper Acquisition values and optimal financial (in)flexibility, Working Papers (2011) (2011)

2009

11. Equity and Cash in Intercorporate Asset Sales: Theory and Evidence
    The Review of Financial Studies, 2009, 22, (2), 681-714 View citations (22)
    See also Working Paper Equity and Cash in Intercorporate Asset Sales: Theory and Evidence, Working Papers (2012) (2012)
12. Venture Capital Performance: The Disparity Between Europe and the United States
    Finance, 2009, 30, (1), 7-50 View citations (29)
    See also Working Paper Venture capital performance: the disparity between Europe and the United States, MPRA Paper (2009) View citations (35) (2009)

2005

13. Repeated Dilution of Diffusely Held Debt
    The Journal of Business, 2005, 78, (3), 737-786 View citations (38)
    See also Working Paper Repeated Dilution of Diffusely Held Debt, Post-Print (2005) View citations (35) (2005)
14. The Financing of Innovation: Learning and Stopping
    RAND Journal of Economics, 2005, 36, (4), 719-752 View citations (150)
    See also Working Paper The Financing of Innovation: Learning and Stopping, Working Papers (2012) (2012)

2003

15. Safety monitoring, capital structure, and "financial responsibility"
    International Review of Law and Economics, 2003, 23, (3), 323-339 View citations (6)
    See also Working Paper Safety monitoring, capital structure, and "financial responsibility", Post-Print (2003) View citations (3) (2003)
16. Workouts, court-supervised reorganization and the choice between private and public debt
    Journal of Corporate Finance, 2003, 9, (2), 233-269 View citations (14)
    See also Working Paper Workouts, court-supervised reorganization and the choice between private and public debt, Post-Print (2003) View citations (12) (2003)

2002

17. original papers: Safety regulation and monitor liability
    Review of Economic Design, 2002, 7, (2), 173-185 View citations (2)

2001

18. L'évaluation et le financement des start-up Internet
    Revue Économique, 2001, 52, (1), 291-312 View citations (8)
    Also in Revue économique, 2001, 52, (7), 291-312 (2001) View citations (10)
    See also Working Paper L'évaluation et le financement des start-up Internet, Post-Print (2001) View citations (3) (2001)

2000

19. Environmental Harm and Financial Responsibility&ast
    The Geneva Papers on Risk and Insurance - Issues and Practice, 2000, 25, (2), 220-234 View citations (14)

1999

20. The role of insurance in the adjudication of multiparty accidents
    International Review of Law and Economics, 1999, 19, (1), 69-85 View citations (2)
    See also Working Paper The Role of Insurance in the Adjudication of Multi-Party Accidents, Post-Print (1999) View citations (1) (1999)

1998

21. Efficient Liability Rules for Multi-Party Accidents With Moral Hazard
    Journal of Institutional and Theoretical Economics (JITE), 1998, 154, (2), 422-450 View citations (7)
    See also Working Paper Efficient Liability Rules for Multi-Party Accidents with Moral Hazard, Post-Print (1998) View citations (7) (1998)
22. Venture capital financing, moral hazard, and learning
    Journal of Banking & Finance, 1998, 22, (6-8), 703-735 View citations (310)
    See also Working Paper Venture capital financing, moral hazard, and learning, Post-Print (1998) View citations (284) (1998)

Chapters

2020

1. Corporate debt burdens threaten economic recovery after COVID-19: Planning for debt restructuring should start now
   Chapter 1 in Europe in the Time of Covid-19, 2020, vol. 1, pp 34-40 View citations (18)