We provide new evidence that differences in international tax rates and tax regimes affect multinational firms' debt location decisions. Our sample contains 8,287 debt issues from 2,437 firms headquartered in 23 different countries with debt-issuing subsidiaries in 59 countries. We analyze...

We examine the effect of a permanent change to a country corporate income repatriation tax system on corporate financial policies. In 2009 Japan and the U.K. switched from a worldwide to a territorial system for the taxation of repatriated foreign earnings. The new system effectively reduces the...

Since the 2008 financial crisis, executive compensation has been the subject of increased regulation, including the mandatory adoption of compensation clawback policies by the Dodd Frank Act. By allowing firms to recoup compensation from managers who breach their fiduciary duty, clawbacks...

This study examines the effect of litigation risk and litigation costs on firms' credit ratings and debt financing. The results show that litigation affects a firm's creditworthiness and debt costs in two stages. Before a lawsuit filing, firms at higher risk of litigation have lower credit...

In this paper we examine the market reaction - price and volume - to the appearance of a firm in the Who's News column of the Wall Street Journal. We differentiate between those firms whose articles are accompanied by a picture of an executive and a control set of firms whose articles on the...

Purpose – The purpose of this study is to suggest best practices for managing a successful Student Managed Investment Program (SMIP) based on the experience of the Marquette University's Applied Investment Management (AIM) Program.Design/methodology/approach – We provide a detailed...