Showing 1 - 10 of 146
Persistent link: https://www.econbiz.de/10012386832
Persistent link: https://www.econbiz.de/10012239340
Persistent link: https://www.econbiz.de/10011984031
Persistent link: https://www.econbiz.de/10014248238
Persistent link: https://www.econbiz.de/10013383538
Persistent link: https://www.econbiz.de/10015070784
We examine the impact of CDS trading and the lifting of short sales restrictions on the profitability of reported insider trades within US financial firms. We find evidence that executive directors possess significant insider knowledge about their firm's risk prior to the initiation of CDS...
Persistent link: https://www.econbiz.de/10012902411
In this paper we examine the effect of financial analysts on the quality of corporate investment decisions. We show that greater analyst coverage leads to higher total factor productivity within firms, a finding that is robust after using both an instrumental variable approach and an...
Persistent link: https://www.econbiz.de/10012899112
This paper examines the impact of promotion-based tournament incentives on corporate acquisition performance. Measuring tournament incentives as the compensation ratio between the CEO and other senior executives, we show that acquirers with greater tournament incentives experience lower...
Persistent link: https://www.econbiz.de/10012853036
We examine the effect of shareholder litigation rights on managers' acquisition decisions. Our experimental design exploits a U.S. Ninth Circuit Court of Appeals ruling on July 2, 1999 that resulted in a reduction in shareholder class actions. We find that, since the ruling, firms in Ninth...
Persistent link: https://www.econbiz.de/10012853276