This study identifies a severe gap between the financial backlash borrowers believe awaits them after strategic mortgage default and the reality that lenders rarely pursue deficiency judgments. This, coupled with the social norm finding that borrowers widely view strategic default as immoral,...

We demonstrate that personal political preferences of corporate managers influence corporate policies. Specifically, Republican managers who are likely to have conservative personal ideologies adopt and maintain more conservative corporate policies. Those firms have lower levels of corporate...

In recent years, tax avoidance has been frequently discussed and has attracted the attention of the Indonesian government. Many factors affect tax avoidance, one of it is business strategy. Not only business strategies, but also financial distress can also be one of the factors causing tax...

This study identifies a severe gap between the financial backlash borrowers believe awaits them after strategic mortgage default and the reality that lenders rarely pursue deficiency judgments. This, coupled with the social norm finding that borrowers widely view strategic default as immoral,...

Introduction -- Financial strategies and the role of corporate governance in complexity -- The role of financial strategy in firms: financing and investment decisions -- Corporate crises and strategic recovery -- The recovery plan as a strategic-informative tool between needs and opportunities...