Prof. Konrad Adler
SFI Faculty Member, Assistant Professor, University of St.Gallen
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