Natalia I. Reisel

Business faculty- Natalia Reisel

Associate Professor
Finance and Business Economics
Joined Fordham: 2012

General Information:
45 Columbus Avenue, Room 625,
New York, NY 10023

Email: nreisel@fordham.edu

  • Natalia Reisel joined the Gabelli School of Business in 2012 after serving on the faculty of Southern Methodist University.

    Dr. Reisel's research interests are in the area of empirical corporate finance, with a primary focus on financial contracting, fixed income securities and strategic alliances. She has published in leading finance and law journals including Review of Financial Studies, Journal of Financial and Quantitative Analysis, Journal of International Business Studies, University of Chicago Law Review, Journal of Corporate Finance, Journal of Banking and Finance, and Financial Management. Results of her research were used by practitioners and featured by the Economist in Executives’ Briefings, by the Harvard Law School Forum on Corporate Governance and at the at NASDAQ/CFA ETF conference. Her papers won the FMA Best Paper Awards in Fixed Income, International Finance, and Corporate Finance. 

    Dr. Reisel teaches Fixed Income and Financial Management courses at Fordham.

    • PhD: Rutgers University
    • Corporate Finance
    • Financial Contracting
    • Strategic Alliances
    • Fixed Income Securities
    • “Choosing to Co-finance: Analysis of Project Specific Alliances in the Movie Industry” (with Darius Palia and S. Abraham Ravid), 2008, Review of Financial Studies, 21, 483-511.
    • “The Notching Rule for Subordinated Debt and the Information Content of Debt Rating” (with Kose John and S. Abraham Ravid), 2010, Financial Management, 39, 489-513.
    • “Do Country-level Investor Protections Affect Security-level Contract Design?  Evidence from Foreign Bond Covenants” (with Darius Miller), 2012, Review of Financial Studies, 25, 408-438.
    • “Capital Allocation by Public and Private Firms” (with Sandra Mortal), 2013, Journal of Financial and Quantitative Analysis, 78, 77-103.
    • “Value Creation from Asset Sales:  New Evidence from Bond and Stock Markets” (with Matt Clayton), 2013, Journal of Corporate Finance, 22, 1-15.
    • “On the Value of Restrictive Covenants:  Empirical Investigation of Public Bond Issues”, 2014, Journal of Corporate Finance, 27, 251-268.
    • “Dead Hand Proxy Puts and Shareholder Value” (with Sean Griffith), 2017, University of Chicago Law Review, 84, 1027-1089.
    • “Dead Hand Proxy Puts and Hedge Fund Activism” (with Sean Griffith), 2019, Journal of Financial and Quantitative Analysis, 54, 1615-1642.
    • “Explaining top management turnover in private corporations: The role of cross-country legal institutions and capital market forces” (with Ugur Lel and Darius Miller), 2019, Journal of International Business Studies, 50, 720-739.
    • “Why do private firms hold less cash than public firms? International evidence on cash holdings and borrowing costs” (with Sandra Mortal and Vik Nanda), 2020, Journal of Banking and Finance, 113.