Showing 1 - 10 of 5,560
Persistent link: https://www.econbiz.de/10010257299
Persistent link: https://www.econbiz.de/10011689458
Persistent link: https://www.econbiz.de/10011963885
Persistent link: https://www.econbiz.de/10013041188
Persistent link: https://www.econbiz.de/10011684753
Persistent link: https://www.econbiz.de/10011592062
Persistent link: https://www.econbiz.de/10012030639
Persistent link: https://www.econbiz.de/10011962518
We examine how accounting-based compensation plans influence a firm's contracts with its creditors. After granting long-term accounting-based compensation plans (LTAPs) to CEOs, firms pay lower spreads and have fewer restrictive covenants in new bank loans. Mechanisms leading to lower borrowing...
Persistent link: https://www.econbiz.de/10011963302
The literature on income smoothing focuses on the effect of earnings smoothing on the equity market. This paper investigates the effect of income smoothing on the debt market. Using the Tucker-Zarowin (TZ) statistic of income smoothing, we find that firms with higher income smoothing rankings...
Persistent link: https://www.econbiz.de/10011844640