Professor of Finance, Humboldt-Universität zu Berlin
This is my personal homepage. See also the webpage of the Finance
Group at HU, and
my official
HU webpage.
Contact Info
Wirtschaftswissenschaftliche Fakultät
Humboldt-Universität zu Berlin
Dorotheenstr. 1, 10099 Berlin
Email: max.bruche [ at ] hu-berlin.de
CV (pdf)
Research interests
Corporate finance, financial intermediation, debt financing, debt markets
Work in progress
Working papers
Publications in refereed journals
- "Pipeline Risk in Leveraged Loan Syndication," with Frederic Malherbe and Ralf Meisenzahl.
Review of Financial Studies, December 2020, 33(12), 5660-5705.
[Paper] [Paper on SSRN] [Open Access paper at Oxford University Press]
- "Debt Maturity and the Liquidity of Secondary Debt Markets," with Anatoli Segura.
Journal of Financial Economics, June 2017, 124(3), 599-613.
[Paper] [Paper on SSRN] [Paper on ScienceDirect] [Online Appendix]
- "Preventing Zombie Lending," with Gerard Llobet.
Review of Financial Studies, March 2014, 27(3), 923-956.
[Paper] [Paper on SSRN] [Paper at Oxford University Press] [Non-technical description on VoxEU]
- "Creditor Coordination, Liquidation Timing, and Debt Valuation."
Journal of Financial and Quantitative Analysis, October 2011, 46(5), 1407-1436. [Paper] [Paper on SSRN] [Paper at Cambridge Journals Online]
- "A Structural Model of Debt Pricing with Creditor-Determined Liquidation," with Hassan Naqvi.
Journal of Economic Dynamics and Control, May 2010, 34(5), 951-967. [Paper] [Paper on SSRN]
- "Recovery Rates, Default Probabilities, and the Credit Cycle," with Carlos González-Aguado.
Journal of Banking and Finance, April 2010, 34(4), 713-723. [Paper] [Paper on SSRN] [Presentation] [Sample Matlab Code] [Web appendix]
- "Deposit Insurance and Money Market Freezes," with Javier Suárez.
Journal of Monetary Economics, January 2010, 57(1), 45-61. [Paper] [Paper on SSRN] [Presentation] [Non-technical description on VoxEU]
Other publications/ unpublished work
- "Estimating Structural Models of Corporate Bond Prices." [Paper]
Reprinted in World Scientific Reference on Contingent Claims Analysis in
Corporate Finance (Singapore: World Scientific, 2019), Volume 3:
pp. 179-211. [DOI]
Events
- The Conference on Markets and Intermediaries, co-organized together with Philipp König, Karol Paludkiewicz, and Franziska Schobert, took place on October 1 and 2, 2024, at Deutsche Bundesbank in Frankfurt a. M.
- The Second Workshop on Financial Intermediation and
Corporate Debt Markets, co-organized together with
Philipp König, took place on March 23 and 24, 2023,
at Deutsche Bundesbank in Frankfurt a. M.
- The Workshop on Financial Intermediation and
Corporate Debt Markets, co-organized together with
Philipp König, took place on October 14 and 15, 2021,
at Deutsche Bundesbank in Frankfurt a. M.
- The Second
Workshop on Corporate Debt Markets, co-organized together with
Francesc Rodríguez-Tous, took place on May 15, 2018,
at Cass Business School.
- The First
Workshop on Corporate Debt Markets took place on March 10, 2017,
at Cass Business School.
- A Breakfast Seminar on Leveraged Finance in Europe
(which I co-organized together with Roody Munean at Dealogic) took
place on July 5, 2017, at Cass Business School.