Matthias Kahl

Areas of Expertise

Empirical and Theoretical Corporate Finance, Mergers and Acquisitions, Financial Distress and Bankruptcy, Capital Structure

Academic Degrees

• Ph.D., Economics, University of Pennsylvania, 1997
• M.A., Economics, University of Pennsylvania, 1994
• M. Phil., Economics, University of Cambridge, 1992

Selected Publications

• Matthias Kahl, Anil Shivdasani, and Yihui Wang (2015), “Short-Term Debt as Bridge Financing: Evidence from the Commercial Paper Market,” Journal of Finance, 70(1): 211-255.
• Gary Gorton, Matthias Kahl, and Richard Rosen (2009), “Eat or Be Eaten: A Theory of Mergers and Firm Size,” The Journal of Finance, 64(3): 1291-1344.
• Gary Gorton and Matthias Kahl (2008), “Blockholder Scarcity, Takeovers, and Ownership Structures,” Journal of Financial and Quantitative Analysis, 43(4): 937-974.
• Matthias Kahl, Jun Liu, and Francis A. Longstaff (2003), “Paper millionaires: how valuable is stock to a stockholder who is restricted from selling it?” Journal of Financial Economics, 67(3): 385-410 (lead article).
• Matthias Kahl (2002), “Economic Distress, Financial Distress, and Dynamic Liquidation,” The Journal of Finance, 57(1): 135-168. Reprinted in Edward R. Morrison (Ed.), Economics Of Bankruptcy, Edward Elgar Publishing, Northampton, Massachusetts, January 2013.