Konrad Adler
SFI Faculty Member, Assistant Professor, Université de Saint-Gall
Konrad Adler is Assistant Professor of Corporate Finance at the University of St.Gallen. Before joining the University of St.Gallen, he was a researcher at Bonn University's Finance Group.
Expertise
Professor Adler studies the impact of financial covenants on corporate investments. Data shows that firms reduce debt issuance and investment when approaching a covenant threshold to avoid a potentially costly covenant breach. Using an advanced model, he shows that financial covenants are an essential source of financial friction outside conventional financial distress.
Expertise Fields
- Financial Markets
- Financial Crises
- Financial Institutions
- Banks
- Institutional Investors and Funds
- Corporate Finance and Governance
- Capital Budgeting and Investment Policy
- Corporate Governance and Managerial Compensation
- Financial Risk and Risk Management
- Financing Policy and Capital Structure