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role of leverage in mediating the influence of male CEO masculinity on research and development. This study uses a … leverage has an impact on increasing and decreasing the masculinity value of male CEOs as well as increasing and decreasing the … masculinity for male CEOs has an impact on increasing the value of leverage as well as research and development, and leverage …
Persistent link: https://www.econbiz.de/10014466942
the role of Earnings Management in mediating the influence of male CEO masculinity on leverage. This research uses a … masculinity face of male CEOs also has an impact on increasing and decreasing the value of corporate leverage. … and utilized Google searches. The data analysis method in this study uses Structural Equation Modeling (SEM) with Stata …
Persistent link: https://www.econbiz.de/10014436246
This study examines the relationship between corporate managers' political ideology and corporate leverage policies … Republican managers significantly reduce leverage during periods of high investor sentiment. To the best of the authors …' knowledge, this paper is the first to document that Republican managers are not swayed by the general tendency to increase …
Persistent link: https://www.econbiz.de/10013252787
We develop a model of managerial compensation structure and asset risk choice. The model provides predictions about how inside debt features affect the relation between credit spreads and compensation components. First, inside debt reduces credit spreads only if it is unsecured. Second, inside...
Persistent link: https://www.econbiz.de/10010374423
conflicts, managers may not always adopt leverage choices that maximize shareholders' value. Consistent with the prediction of … significantly lower leverage, probably to evade the disciplinary mechanisms associated with debt financing. Our results are …
Persistent link: https://www.econbiz.de/10013127772
We use a unique dataset of more than 1,000 Chief Executive Officers (CEOs) and Chief Financial Officers around the world to investigate the degree to which executives delegate financial decisions and the circumstances that drive variation in delegation. Delegation does not appear to be...
Persistent link: https://www.econbiz.de/10013070199
I examine the relation between managerial ownership and the maturity structure of corporate public debt by using a sample of newly issued Japanese corporate bonds. Firms with higher managerial ownership issue shorter maturity bonds. In addition, firms with higher managerial ownership have lower...
Persistent link: https://www.econbiz.de/10013000163
debt ratio and faster (slower) leverage adjustments toward the shareholders' desired level for over-levered (under …
Persistent link: https://www.econbiz.de/10013000976
We examine the implications of CEO gender for corporate debt structure. After controlling for endogeneity, firms with female CEOs issue less debt than firms with male CEOs. Although both risk aversion and overconfidence may serve as the channel of our main finding, we show that female CEOs being...
Persistent link: https://www.econbiz.de/10012837399
do not condition on the diversification status of firms. Entrenched managers in focused firms eschew leverage, whereas … entrenched managers in diversified firms take advantage of their better access to debt finance and use more financial leverage … leverage in diversified firms. In contrast, we find a negative relation between managerial entrenchment and leverage in focused …
Persistent link: https://www.econbiz.de/10012906856