Showing 1 - 10 of 50
Persistent link: https://www.econbiz.de/10003783437
Persistent link: https://www.econbiz.de/10003780209
Persistent link: https://www.econbiz.de/10003580655
Uncertainty about management appears to affect firms' cost of borrowing and financial policies. In a sample of S&P 1500 firms between 1987 and 2010, CDS spreads, loan spreads and bond yield spreads all decline over the first three years of CEO tenure, holding other macroeconomic, firm, and...
Persistent link: https://www.econbiz.de/10010532197
Persistent link: https://www.econbiz.de/10011376073
Persistent link: https://www.econbiz.de/10009749335
direct incentives from incentive fees and managers' personal stakes in the fund. Combining direct and indirect incentives …
Persistent link: https://www.econbiz.de/10009724568
and economically important market learning about CEO ability, even for CEOs whose appointments occur for exogenous reasons … transparency about the firm's prospects. Our estimates of the learning model suggest that uncertainty about CEO ability contributes …
Persistent link: https://www.econbiz.de/10009724571
Persistent link: https://www.econbiz.de/10009733004