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Real effects of the sovereign debt crisis in Europe : evicence from syndicated loans
Acharya, Viral V.; Eisert, Tim; Eufinger, Christian; … - 2014
Persistent link: https://www.econbiz.de/10010409117
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Do Firms Mitigate Climate Impact on Employment? Evidence from US Heat Shocks
Acharya, Viral V.; Bhardwaj, Abhishek; Tomunen, Tuomas - National Bureau of Economic Research - 2023
availability and competitive labor markets. Climate risk management by firms mitigates the impact of heat shocks on aggregate …
Persistent link: https://www.econbiz.de/10014447288
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The internal governance of firms
Acharya, Viral V.; Myers, Stewart C.; Rajan, Raghuram Govind - 2009
Persistent link: https://www.econbiz.de/10003830656
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Caught between scylla and charybdis? : regulating bank leverage when there is rent-seeking and risk-shifting
Acharya, Viral V.; Mehran, Hamid; Thakor, Anjan V. - 2012
Persistent link: https://www.econbiz.de/10009512199
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Caught between Scylla and Charybdis? : regulating bank leverage when there is rent seeking and risk shifting
Acharya, Viral V.; Mehran, Hamid; Thakor, Anjan V. - 2010
Banks face two moral hazard problems: asset substitution by shareholders (e.g., making risky, negative net present value loans) and managerial rent seeking (e.g., investing in inefficient “pet” projects or simply being lazy and uninnovative). The privately optimal level of bank leverage is...
Persistent link: https://www.econbiz.de/10008826858
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Caught between Scylla and Charybdis? : regulating bank leverage when there is rent seeking and risk shifting
Acharya, Viral V.; Mehran, Hamid; Thakor, Anjan V. - 2010 - Rev.
Banks face two different kinds of moral hazard problems: asset substitution by shareholders (e.g., making risky, negative net present value loans) and managerial rent seeking (e.g., investing in inefficient “pet” projects and consuming perquisites that yield private benefits). The privately...
Persistent link: https://www.econbiz.de/10008657183
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The internal governance of firms
Acharya, Viral V.; Myers, Stewart C.; Rajan, Raghuram Govind - 2009
"We develop a model of internal governance where the self-serving actions of top management are limited by the … value, even with little or no external governance by investors. Internal governance works best when both top management and …
Persistent link: https://www.econbiz.de/10003913453