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Philip Valta
SFI Junior Chair
Assistant Professor of Finance
  +41 22 379 97 58
  philip.valta@sfi.ch   http://www.valta.ch/

Philip Valta is SFI Assistant Professor of Finance at the University of Geneva and has held an SFI Junior Chair since 2014. He holds a PhD in Finance from the Ecole Polytechnique Fédérale de Lausanne. Prof. Valta is a regular speaker at leading finance conferences worldwide and his research has been published in top academic journals. He is currently on a one-year leave of absence (until August 2017).

Research Interests:
His main research interests are in empirical corporate finance, with a focus on how product markets and institutions shape corporate decisions.
Recent Research:
In ongoing research, Prof. Valta and his co-author examine the financing patterns of political campaigns, and how the presence of debt financing relates to the future fundraising and voting behavior of elected politicians. They find that a significant fraction of political campaigns are financed with debt. Moreover, politicians with debt-financed campaigns raise less debt financing in the next election cycle, but receive larger contributions from individuals or from political action committees. Indebted politicians are also more likely to vote pro-labor if they receive labor contributions. The researchers’ results suggest that indebted politicians are more likely to cater to contributors’ demands, which is necessary if they are to secure future contributions with which to pay off the debt.