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Target Financial Forecasting as an Instrument to Overcome Financial Difficulties
Krylov, Sergey - 2018
The paper considers conceptual, methodical and practical aspects of the target financial analysis at the micro level, i.e., the company level, as a new instrument of anticrisis financial management for a company to overcome its financial difficulties and enhance its financial position within a...
Persistent link: https://www.econbiz.de/10012915636
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Financial Policies and Internal Governance with Heterogeneous Risk Preferences
Chen, Shiqi - 2020
A group of investors with heterogeneous risk preferences maximize their joint, weighted life-time utility from payouts. Group members' utility weights are endogenously deter- mined at startup. Each member receives a non-tradeable claim that is optimally tailored to her risk preferences. Claims...
Persistent link: https://www.econbiz.de/10012849887
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Leaning against the wind : debt financing in the face of adversity
Brennan, Michael J.; Kraft, Holger - 2015
We offer evidence of a new stylized feature of corporate financing decisions: the tendency of managers to rely more on … hypotheses, and provisionally accept the 'making the numbers' hypothesis that managers who are under pressure because of …
Persistent link: https://www.econbiz.de/10011434790
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Leaning against the wind : debt financing in the face of adversity
Brennan, Michael J.; Kraft, Holger - 2016
We offer evidence of a new stylized feature of corporate financing decisions: the tendency of managers to rely more on … hypotheses, and provisionally accept the 'making the numbers' hypothesis that managers who are under pressure because of …
Persistent link: https://www.econbiz.de/10012061872
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Information Acquisition and Bond Market Liquidity
Doh, Hyunsoo - 2020
by selling their bonds to uninformed buyers. When a firm's fundamental deteriorates, creditors have higher incentives to …
Persistent link: https://www.econbiz.de/10012839272
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Leaning Against the Wind : Debt Financing in the Face of Adversity
Brennan, Michael J. - 2016
We offer evidence of a new stylized feature of corporate financing decisions: the tendency of managers to rely more on … hypotheses, and provisionally accept the 'making the numbers' hypothesis that managers who are under pressure because of …
Persistent link: https://www.econbiz.de/10013003121
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Low interest rates and executive risk-taking incentives : evidence from the United States
Castro, Paula; Tascon, Maria T.; Castaño, Francisco J.; … - In: Business research quarterly : BRQ 24 (2021) 4, pp. 324-354
incentives of US managers to adopt riskier business policies. Specifically, based on the agency problems between shareholders and … rates on managers’ risk-taking incentives proxied by the sensitivity of executive compensation to stock return volatility … increase the managers’ short-term risk-taking incentives and that those incentives contribute to the risk effectively taken by …
Persistent link: https://www.econbiz.de/10012694415
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Monetary policy tightening, accounting information comparability and bank borrowing
Ding, Xin; Yang, Zhonghai - In: China journal of accounting studies 8 (2020) 1, pp. 1-34
This paper empirically tests the effect of accounting information comparability quality characteristic on the scale, the cost and the credit term structure of bank borrowing of the listed companies as well as whether accounting information comparability can affect the bank credit financing of...
Persistent link: https://www.econbiz.de/10012654015
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Monetary and non-monetary incentives in real-effort tournaments
Erkal, Nisvan; Gangadharan, Lata; Koh, Boon Han - In: European economic review : EER 101 (2018), pp. 528-545
Persistent link: https://www.econbiz.de/10011975443
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Monetary incentives, what are they good for?
Read, Daniel - In: The journal of economic methodology 12 (2005) 2, pp. 265-276
Persistent link: https://www.econbiz.de/10002896225