User profiles for Jiri Tresl

Jiri Tresl

University of Mannheim
Verified email at mail.uni-mannheim.de
Cited by 321

Dividend smoothing and firm valuation

P Brockman, J Hanousek, J Tresl… - Journal of Financial and …, 2022 - cambridge.org
We examine the relationship between dividend smoothing and firm valuation across 21
countries using several empirical methods and smoothing measures. Our main results show that …

[HTML][HTML] Firm efficiency, foreign ownership and CEO gender in corrupt environments

J Hanousek, A Shamshur, J Tresl - Journal of Corporate Finance, 2019 - Elsevier
We study the effects of corruption on firm efficiency using a unique dataset of private firms
from 14 Central and Eastern European countries from 2000 to 2013. We find that an …

Sentiment and stock returns: Anticipating a major sporting event

BC Payne, J Tresl, GC Friesen - Journal of Sports Economics, 2018 - journals.sagepub.com
This study documents the effect of the Super Bowl on the stock returns of firms that are
geographically associated with the competing teams. We find significant upward return drift in the …

Corruption level and uncertainty, FDI and domestic investment

J Hanousek, A Shamshur, J Svejnar, J Tresl - Journal of International …, 2021 - Springer
Based on real options theory and institutional factors, we develop a theoretical framework for
investment in the presence of corruption and use a sample of private firms in 13 European …

The impact of insider trading laws on dividend payout policy

P Brockman, J Tresl, E Unlu - Journal of Corporate Finance, 2014 - Elsevier
We posit that firms use dividend payout policy to reduce information asymmetry and agency
costs caused by country-level institutional weaknesses. Firms operating in countries with …

[HTML][HTML] Corporate profitability and the global persistence of corruption

SP Ferris, J Hanousek, J Tresl - Journal of Corporate Finance, 2021 - Elsevier
We examine the persistence of corporate corruption for a sample of privately-held firms from
12 Central and Eastern European countries from 2001 to 2015. Using publicly available …

[PDF][PDF] Firm life cycle and loan contract terms

GJ Lobo, MM Hasan, A Amin, J Tresl - Firm life cycle and loan …, 2018 - acfr.aut.ac.nz
Using a sample of 13,065 firm-quarter observations of US publicly traded firms from 1994 to
2015, we show that loan spreads follow a U shape over the life cycle of a firm. In particular, …

[HTML][HTML] Asymmetries in the Firm's use of debt to changing market values

SP Ferris, J Hanousek, A Shamshur, J Tresl - Journal of Corporate Finance, 2018 - Elsevier
Using a sample of US firms over the period, 1984 to 2013, this study examines the relation
between market and book leverage ratios. Unlike Welch (2004) who contends that changes in …

M&A activity and the capital structure of target firms

…, J Hanousek, A Shamshur, J Tresl - Journal of Financial and …, 2023 - cambridge.org
We study 6,083 European firms that were acquired between 1999 and 2015. Soon after the
acquisition, the acquired firms promptly and substantially close the gap between their actual …

[HTML][HTML] Firm life cycle and cost of debt

…, B Bowler, MM Hasan, GJ Lobo, J Tresl - Journal of Banking & …, 2023 - Elsevier
Abstract Theory provides several channels linking the corporate life cycle and lending risks.
Using a sample of 20,307 firm-loan observations spanning 5,076 publicly traded US firms, …