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The Internal Governance of Firms
Acharya, Viral V. - 2009
We develop a model of internal governance where the self-serving actions of top management are limited by the potential …
Persistent link: https://www.econbiz.de/10012463081
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Creditor rights and corporate risk-taking
Acharya, Viral V. - 2009
strongest in countries where management is dismissed in reorganization, and are observed in time-series analysis around changes … inhibiting management from undertaking risky investments …
Persistent link: https://www.econbiz.de/10012463080
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Endogenous Information Flows and the Clustering of Announcements
Acharya, Viral V. - 2010
We consider the strategic timing of information releases in a dynamic disclosure model. Because investors don't know whether or when the firm is informed, the firm will not necessarily disclose immediately. We show that bad market news can trigger the immediate release of information by firms....
Persistent link: https://www.econbiz.de/10012462172