Details about Michael Schwert

Access statistics for papers by Michael Schwert.

Last updated 2025-03-14. Update your information in the RePEc Author Service.

Short-id: psc782

Working Papers

2022

1. Sea Level Rise Exposure and Municipal Bond Yields
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
   See also Journal Article Sea-Level Rise Exposure and Municipal Bond Yields, The Review of Financial Studies, Society for Financial Studies (2023) View citations (4) (2023)

2021

2. CLO Performance
   NBER Working Papers, National Bureau of Economic Research, Inc
   See also Journal Article CLO Performance, Journal of Finance, American Finance Association (2023) (2023)
3. The Marginal Value of Public Pension Wealth: Evidence from Border House Prices
   NBER Working Papers, National Bureau of Economic Research, Inc

2020

4. Interest Rates and the Design of Financial Contracts
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)

2018

5. How Often Do Firms Rebalance Their Capital Structures? Evidence from Corporate Filings
   Research Papers, Stanford University, Graduate School of Business View citations (2)
6. Is Borrowing from Banks More Expensive than Borrowing from the Market?
   Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (4)

2017

7. Bank Capital and Lending Relationships
   Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (9)
   See also Journal Article Bank Capital and Lending Relationships, Journal of Finance, American Finance Association (2018) View citations (142) (2018)
8. The Economics of PIPEs
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
   Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2017) View citations (4)
   See also Journal Article The economics of PIPEs, Journal of Financial Intermediation, Elsevier (2021) View citations (12) (2021)

2016

9. Municipal Bond Liquidity and Default Risk
   Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (5)
   See also Journal Article Municipal Bond Liquidity and Default Risk, Journal of Finance, American Finance Association (2017) View citations (76) (2017)

Journal Articles

2025

1. Duration-Based Valuation of Corporate Bonds
   The Review of Financial Studies, 2025, 38, (1), 158-191

2023

2. CLO Performance
   Journal of Finance, 2023, 78, (3), 1235-1278
   See also Working Paper CLO Performance, NBER Working Papers (2021) (2021)
3. Sea-Level Rise Exposure and Municipal Bond Yields
   The Review of Financial Studies, 2023, 36, (11), 4588-4635 View citations (4)
   See also Working Paper Sea Level Rise Exposure and Municipal Bond Yields, NBER Working Papers (2022) View citations (14) (2022)

2022

4. Proactive Capital Structure Adjustments: Evidence from Corporate Filings
   Journal of Financial and Quantitative Analysis, 2022, 57, (1), 31-66 View citations (1)

2021

5. The economics of PIPEs
   Journal of Financial Intermediation, 2021, 45, (C) View citations (12)
   See also Working Paper The Economics of PIPEs, NBER Working Papers (2017) View citations (1) (2017)

2020

6. Does Borrowing from Banks Cost More than Borrowing from the Market?
   Journal of Finance, 2020, 75, (2), 905-947 View citations (42)

2018

7. Bank Capital and Lending Relationships
   Journal of Finance, 2018, 73, (2), 787-830 View citations (142)
   See also Working Paper Bank Capital and Lending Relationships, Working Paper Series (2017) View citations (9) (2017)

2017

8. Municipal Bond Liquidity and Default Risk
   Journal of Finance, 2017, 72, (4), 1683-1722 View citations (76)
   See also Working Paper Municipal Bond Liquidity and Default Risk, Working Paper Series (2016) View citations (5) (2016)