This study examines relationship between measures of working capital management and corporate profitability. Working capital management is an important element of financial management for many firms as they make significant investment in working capital components. Applying fixed effect...

This study examines managerial compensation incentives and its impact on firm's financial decisions. Specifically, we examine how CEO's inside-debt based compensation incentives (pension benefits and other deffered compensation) influences firm's debt maturity structure. We examine this...

This study examines managerial compensation incentives and its impact on firm's financial decisions. Specifically, we examine how CEO's inside-debt based compensation incentives (pension benefits and other deferred compensation) influences firm's debt maturity structure. We examine this...

This study examines managerial compensation incentives and its impact on firm's financial decisions. Specifically, we examine how CEO's inside-debt based compensation incentives (pension benefits and other deffered compensation) influences firm's debt maturity structure. We examine this...

We model non-drastic technological innovation in a duopoly model with differentiated products. We derive profit functions for both firms which depend on only one variable, the technological gap. As our model derives product demands directly from agent utility we are able to fully describe the...

Market effects on corporate investment are well documented. Low disagreement implies high investment, but we know little about what high disagreement implies, other than the implied flip side (low investment). This paper adds to this literature in several ways. A new dimension of corporate...