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Seeking safety : the relation between CEO inside debt holdings and the riskiness of firm investment and financial policies

Cassell, Cory A.; Huang, Shawn X.; Sanchez, Juan Manuel; … - In: Journal of financial economics 103 (2012) 3, pp. 588-610

Persistent link: https://www.econbiz.de/10009521127

Seeking Safety : The Relation between CEO Inside Debt Holdings and the Riskiness of Firm Investment and Financial Policies

Cassell, Cory A. - 2012

CEO inside debt holdings (pension benefits and deferred compensation) are generally unsecured and unfunded liabilities of the firm. Because these characteristics of inside debt expose the CEO to default risk similar to that faced by outside creditors, theory predicts that CEOs with large inside...

Persistent link: https://www.econbiz.de/10013114433

Seeking safety: The relation between CEO inside debt holdings and the riskiness of firm investment and financial policies

Cassell, Cory A.; Huang, Shawn X.; Manuel Sanchez, Juan; … - In: Journal of Financial Economics 103 (2012) 3, pp. 588-610

Persistent link: https://www.econbiz.de/10010571676

Seeking safety: The relation between CEO inside debt holdings and the riskiness of firm investment and financial policies

Cassell, Cory A.; Huang, Shawn X.; Manuel Sanchez, Juan; … - In: Journal of financial economics 103 (2012) 3, pp. 588-611

Persistent link: https://www.econbiz.de/10009816654