This study documents public debt issuance influences the interrelationships between banking relationships and firm profitability. Using a 3SLS simultaneous equation where public debt is a moderator variable and the number of banking relationships and firm performance are jointly endogenous, we...

Executive compensation has garnered much attention in the last decade from both academicians and practitioners. We examine the relationship between increase in CEO compensation, industry specific performance measures, and stock return for the years 1993-1999 in the Real Estate Investment Trust...