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's performance. In contrast, in all other transactions using such debt does significantly increase the firm's performance. These …
Persistent link: https://www.econbiz.de/10009484531
This paper investigates the influence of managerial entrenchment on private placements by examining the firm's decision to appoint representatives of the private investors to the board without shareholder approval. By analyzing a sample of U.S. firms that appoint directors in combination with...
Persistent link: https://www.econbiz.de/10009484532
their performance, but with no overt manifestations of cronyism such as excessive compensation of either the CEO or … performance with evidence that managers have manipulated earnings upwards. Public criticism appears to pressure these boards to … make management changes associated with improved stock price performance. We conclude that while such public resignations …
Persistent link: https://www.econbiz.de/10009484533
The main purpose of this study is to examine the determinants of the corporate choice between different forms of debt financing. By analyzing the most comprehensive sample of U.S. corporate debt issues to date, I find that firms that issue 144A debt have significantly lower credit quality and...
Persistent link: https://www.econbiz.de/10009484536
the Federal Home Ownership and Equity Protection Act (HOEPA) by including home purchase and open-end mortgage credit, by …
Persistent link: https://www.econbiz.de/10009484537
Retail research has evolved over the past sixty years. Christaller's early work on central place theory, with its simplistic combination of range and threshold has been advanced to include complex consumer shopping patterns and retailer behavior in agglomerated retail centers. Hotelling's...
Persistent link: https://www.econbiz.de/10009484538
This research assesses the effect of merchandise space allocation on retail sales across 12 different merchandise categories in 65 enclosed shopping centers. To measure the effect of large specialty retailers on the sales of other retailers that carry similar merchandise we constructed a...
Persistent link: https://www.econbiz.de/10009484539
Subprime mortgage lending has grown rapidly in recent years and with it, so have concerns about predatory lending. In …
Persistent link: https://www.econbiz.de/10009484540
balloon payments. These laws function alone or alongside more comprehensive mini-HOEPA laws. As home mortgage default and …The subprime mortgage market, which consists of high-cost loans designed for borrowers with weak credit, has grown … others in the mortgage industry claim that the laws drive up the cost and reduce the availability of credit, especially to …
Persistent link: https://www.econbiz.de/10009484541
Weighted repeat sales house price indices have become one of the primary indicators used to identify housing market conditions and to estimate the amount of equity homeowners have gained through house price appreciation. The primary reason for the acceptance of this methodology is that it...
Persistent link: https://www.econbiz.de/10009484542