M
Matthias Efing
Researcher at HEC Paris
Publications - 24
Citations - 242
Matthias Efing is an academic researcher from HEC Paris. The author has contributed to research in topics: Credit rating & Investment (macroeconomics). The author has an hindex of 8, co-authored 23 publications receiving 210 citations. Previous affiliations of Matthias Efing include University of Geneva & Ifo Institute for Economic Research.
Papers
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Journal ArticleDOI
Structured debt ratings: Evidence on conflicts of interest
Matthias Efing,Harald Hau +1 more
TL;DR: In this paper, the authors test if issuers of asset-and mortgage-backed securities receive rating favors from agencies with which they maintain strong business relationships and show that agencies publish better ratings for those issuers that provide them with more bilateral securitization business.
Journal ArticleDOI
Structured Debt Ratings: Evidence on Conflicts of Interest
TL;DR: In this paper, the authors test if issuers of asset-and mortgage-backed securities receive rating favors from agencies with which they maintain strong business relationships and show that agencies publish better ratings for those issuers that provide them with more bilateral securitization business.
Journal ArticleDOI
Incentive Pay and Bank Risk-Taking: Evidence from Austrian, German, and Swiss Banks
Matthias Efing,Matthias Efing,Matthias Efing,Harald Hau,Harald Hau,Patrick Kampkötter,Johannes Steinbrecher +6 more
TL;DR: In this article, the authors use payroll data in the Austrian, German, and Swiss banking sector to identify incentive pay in the critical banking segments of treasury/capital market management and investment banking for 67 banks.
Journal ArticleDOI
Shareholder bargaining power and the emergence of empty creditors
TL;DR: In this paper, the authors show theoretically and empirically that the presence and the effects of empty creditors on firm outcomes depend on the distribution of bargaining power among claimholders, and that if creditors would face powerful shareholders in debt renegotiation, firms are more likely to face the empty creditor problem.
Journal ArticleDOI
Incentive pay and bank risk-taking: Evidence from Austrian, German, and Swiss banks
Matthias Efing,Matthias Efing,Harald Hau,Harald Hau,Patrick Kampkötter,Johannes Steinbrecher +5 more
TL;DR: In this article, the authors use payroll data in the Austrian, German, and Swiss banking sector to identify incentive pay in the critical banking segments of treasury/capital market management and investment banking for 67 banks.