NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Patrick Bolton

Columbia Business School
804 Uris Hall
New York, NY 10027
Tel: 212/854-9245
Fax: 212/854-8059

E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org
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NBER Program Affiliations: CF
NBER Affiliation: Research Associate

NBER Working Papers and Publications

July 2017The Capital Structure of Nations
with Haizhou Huang: w23612
February 2015Liquidity and Risk Management: Coordinating Investment and Compensation Policies
with Neng Wang, Jinqiang Yang: w20979
October 2014Investment Under Uncertainty and the Value of Real and Financial Flexibility
with Neng Wang, Jinqiang Yang: w20610
March 2014Debt, Taxes, and Liquidity
with Hui Chen, Neng Wang: w20009
September 2013Relationship and Transaction Lending in a Crisis
with Xavier Freixas, Leonardo Gambacorta, Paolo Emilio Mistrulli: w19467

Published: Patrick Bolton & Xavier Freixas & Leonardo Gambacorta & Paolo Emilio Mistrulli, 2016. "Relationship and Transaction Lending in a Crisis," Review of Financial Studies, Society for Financial Studies, vol. 29(10), pages 2643-2676. citation courtesy of

November 2011Should Derivatives be Privileged in Bankruptcy?
with Martin Oehmke: w17599
March 2011Sovereign Default Risk and Bank Fragility in Financially Integrated Economies
with Olivier Jeanne: w16899

Published: Patrick Bolton & Olivier Jeanne, 2011. "Sovereign Default Risk and Bank Fragility in Financially Integrated Economies," IMF Economic Review, Palgrave Macmillan, vol. 59(2), pages 162-194, June. citation courtesy of

February 2011Cream Skimming in Financial Markets
with Tano Santos, Jose A. Scheinkman: w16804

Published: Patrick Bolton & Tano Santos & Jose A. Scheinkman, 2016. "Cream-Skimming in Financial Markets," Journal of Finance, American Finance Association, vol. 71(2), pages 709-736, 04. citation courtesy of

Market Timing, Investment, and Risk Management
with Hui Chen, Neng Wang: w16808

Published: Bolton, Patrick & Chen, Hui & Wang, Neng, 2013. "Market timing, investment, and risk management," Journal of Financial Economics, Elsevier, vol. 109(1), pages 40-62. citation courtesy of

June 2010The Dynamics of Optimal Risk Sharing
with Christopher Harris: w16094
May 2010Credit Default Swaps and the Empty Creditor Problem
with Martin Oehmke: w15999

Published: Patrick Bolton & Martin Oehmke, 2011. "Credit Default Swaps and the Empty Creditor Problem," Review of Financial Studies, Society for Financial Studies, vol. 24(8), pages 2617-2655. citation courtesy of

August 2009Intracompany Governance and Innovation
with Sharon Belenzon, Tomer Berkovitz: w15304
April 2009Outside and Inside Liquidity
with Tano Santos, Jose A. Scheinkman: w14867

Published: Patrick Bolton & Tano Santos & Jose A. Scheinkman, 2011. "Outside and Inside Liquidity," The Quarterly Journal of Economics, Oxford University Press, vol. 126(1), pages 259-321. citation courtesy of

A Unified Theory of Tobin's q, Corporate Investment, Financing, and Risk Management
with Hui Chen, Neng Wang: w14845

Published: Patrick Bolton & Hui Chen & Neng Wang, 2011. "A Unified Theory of Tobin's q, Corporate Investment, Financing, and Risk Management," Journal of Finance, American Finance Association, vol. 66(5), pages 1545-1578, October. citation courtesy of

February 2009The Credit Ratings Game
with Xavier Freixas, Joel Shapiro: w14712

Published: Patrick Bolton & Xavier Freixas & Joel Shapiro, 2012. "The Credit Ratings Game," Journal of Finance, American Finance Association, vol. 67(1), pages 85-112, 02. citation courtesy of

January 2009Satisficing Contracts
with Antoine Faure-Grimaud: w14654

Published: Patrick Bolton & Antoine Faure-Grimaud, 2010. "Satisficing Contracts," Review of Economic Studies, Wiley Blackwell, vol. 77(3), pages 937-971, 07. citation courtesy of

September 2008Leadership, Coordination and Mission-Driven Management
with Markus K. Brunnermeier, Laura Veldkamp: w14339

Published: Review of Economic Studies (2012) doi: 10.1093/restud/rds041 First published online: December 5, 2012

August 2007Optimal Property Rights in Financial Contracting
with Kenneth Ayotte: w13316

Published: Kenneth Ayotte & Patrick Bolton, 2011. "Optimal Property Rights in Financial Contracting," Review of Financial Studies, Society for Financial Studies, vol. 24(10), pages 3401-3433. citation courtesy of

March 2006Pay for Short-Term Performance: Executive Compensation in Speculative Markets
with Jose Scheinkman, Wei Xiong: w12107

Published: Bolton, Patrick, Jos Scheinkman and Wei Xiong. "Executive Compensation And Short-Termist Behaviour In Speculative Markets," Review of Economic Studies, 2006, v73(3,Jul), 577-610.

December 2005Thinking Ahead: The Decision Problem
with Antoine Faure-Grimaud: w11867

Published: Patrick Bolton & Antoine Faure-Grimaud, 2009. "Thinking Ahead: The Decision Problem," Review of Economic Studies, Blackwell Publishing, vol. 76(4), pages 1205-1238, October. citation courtesy of

January 2005Structuring and Restructuring Sovereign Debt: The Role of Seniority
with Olivier Jeanne: w11071

Published: Patrick Bolton & Olivier Jeanne, 2009. "Structuring and Restructuring Sovereign Debt: The Role of Seniority-super-1," Review of Economic Studies, Blackwell Publishing, vol. 76(3), pages 879-902, 07.

June 2004Conflicts of Interest, Information Provision, and Competition in Banking
with Xavier Freixas, Joel Shapiro: w10571

Published: Bolton, Patrick & Freixas, Xavier & Shapiro, Joel, 2007. "Conflicts of interest, information provision, and competition in the financial services industry," Journal of Financial Economics, Elsevier, vol. 85(2), pages 297-330, August.

May 2003Executive Compensation and Short-termist Behavior in Speculative Markets
with Jose Scheinkman, Wei Xiong: w9722

Published: Bolton, Patrick, Jos Scheinkman and Wei Xiong. "Executive Compensation And Short-Termist Behaviour In Speculative Markets," Review of Economic Studies, 2006, v73(3,Jul), 577-610. citation courtesy of

December 2002Corporate Governance and Control
with Marco Becht, Alisa Röell: w9371

Published: Becht, Marco & Bolton, Patrick & Roell, Ailsa, 2003. "Corporate governance and control," Handbook of the Economics of Finance, in: G.M. Constantinides & M. Harris & R. M. Stulz (ed.), Handbook of the Economics of Finance, edition 1, volume 1, chapter 1, pages 1-109 Elsevier.

 
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