Research

Publications in peer reviewed journals

(1) Kisser, Michael, 2013, ”The real option value of cash”, Review of Finance, 17(5), 1649-1697. [ABS 4]

(2) Kiff, John and Michael, Kisser, 2014, ”A shot at regulating securitization”, Journal of Financial Stability, 10, 32-49 (Special Issue on Financial Innovation, Regulation and Stability after the Transatlantic Financial Crisis). [ABS 3]

(3) Kisser, Michael, John Kiff and Mauricio Soto, 2017, ”Do managers of U.S. defined benefit pension plans use regulatory freedom strategically?”, Journal of Accounting Research, 55, 1213-1255. [ABS 4*]

(4) Eckbo, B. Espen and Michael Kisser, 2021, ”Tradeoff theory and leverage dynamics of high frequency debt issuers”, Review of Finance, 25, 275-324. [ABS 4]

(5) Eckbo, B. Espen and Michael Kisser, 2021, ”The leverage-profitability puzzle resurrected”, Review of Finance, 25, 1089-1128. [ABS 4]

(6) Kisser, Michael and Loreta Rapushi, 2022, ”Equity issues, creditor control and market timing patterns: evidence from leverage decreasing recapitalizations”, Journal of Empirical Finance, 67, 196-216 [ABS 3]

(7) Axenrod, Michael and Michael Kisser, 2025, ”Does mandatory recognition of off-balance-sheet liabilities affect capital structure choice? Evidence from SFAS 158”, Contemporary Accounting Research, 42, 2357-2391 [ABS 4]

(8) Kisser, Michael, John Christian Langli and Marleen Willekens, 2025, ”The role of high-reputation auditors in mitigating tax avoidance costs in private firms with concentrated ownership”, Auditing: A Journal of Practice and Theory, forthcoming [ABS 3]

Working Papers

Kisser, Michael, Zhenyang Shi and Yue Zhang, 2026, "Tax avoidance as organizational capital".

Published official reports

International Monetary Fund. Monetary and Capital Markets Department, 2009. ”Chapter 2: Restarting Securitization Markets: Policy Proposals and Pitfalls”. In Global Financial Stability Report, October 2009: Navigating the Financial Challenges Ahead. USA, (Coauthor)

International Monetary Fund. Monetary and Capital Markets Department, 2010. ”Chapter 3: The Uses and Abuses of Sovereign Credit Ratings”. In Global Financial Stability Report, October 2010: Sovereigns, Funding, and Systemic Liquidity. (Coauthor)

International Monetary Fund. Monetary and Capital Markets Department, 2012. ”Chapter 4: The Financial Impact of Longevity Risk”. In Global Financial Stability Report, April 2012: The Quest for Lasting Stability. (Coauthor)