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Managerial Ability and Credit Risk Assessment
Bonsall, Samuel B. - 2015
Research on the credit rating process has primarily focused on how rating agencies incorporate firm characteristics into their rating opinions. We contribute to this literature by examining the impact of managerial ability on the credit rating process. Given debt market participants' interest in...
Persistent link: https://www.econbiz.de/10013012594
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Bank Monitoring and CEO Risk-Taking Incentives
Saunders, Anthony - 2017
CEO incentives to mitigate the risk-shifting incentives of firm managers …
Persistent link: https://www.econbiz.de/10012972638
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Central counterparties
Koeppl, Thorsten V.; Monnet, Cyril - 2008
Central counterparties (CCPs) have increasingly become a cornerstone of financial markets infrastructure. We present a model where trades are time-critical, liquidity is limited and there is limited enforcement of trades. We show a CCP novating trades implements efficient trading behaviour. It...
Persistent link: https://www.econbiz.de/10003831249
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Level 3 Assets and Credit Risk
Bao, May Xiaoyan - 2017
We examine the impact of Level 3 assets held by non-financial companies on credit risk. Specifically, we investigate how the pricing uncertainty of Level 3 assets is reflected in credit ratings, corporate bond yield spreads, and incidences of bond covenants. We find that higher holdings of Level...
Persistent link: https://www.econbiz.de/10012960309
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Fit, Style, and the Portability of Managerial Talent
Chang, Yuk Ying (Candie) - 2013
How portable are top management skills? Should (and do) firms care about firm-manager fit when they hire new managers …? How is fit related to managerial 'style'? We hypothesize that if firms and managers are matched with each other on the … when the firm and the manager do not fit well, managers influence several firm-specific variables, consistent with …
Persistent link: https://www.econbiz.de/10013092139
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Managerial Labor Market Frictions and Corporate Investment
Agrawal, Ashwini K. - 2014
on how well a firm can assess its managers' human capital. If so, projects pitched by managers about whom the firm has …
Persistent link: https://www.econbiz.de/10013052261
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Bank risk management, regulation and CEO compensation after the Panic of 2008
Handorf, William Charles - In: Journal of banking regulation 16 (2015) 1, pp. 39-50
Persistent link: https://www.econbiz.de/10011350185
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Lender monitoring and the efficacy of managerial risk-taking incentives
Hong, Hyun A.; Ryou, Ji Woo; Srivastava, Anup - In: The accounting review : a publication of the American … 96 (2021) 4, pp. 315-339
Persistent link: https://www.econbiz.de/10012626693
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Directors and officers liability insurance and default risk
Huang, Li-Su - In: The Geneva papers on risk and insurance - issues and … 47 (2022) 2, pp. 375-408
Persistent link: https://www.econbiz.de/10013199361
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Credit and Punishment : Are Corporate Bankers Disciplined for Risk Taking?
Gao, Janet - 2020
We examine whether bankers face disciplining consequences for structuring poorly performing corporate loans. We construct a novel dataset containing the employment histories and loan portfolios of a large sample of corporate bankers and find that corporate credit events (i.e., downgrades,...
Persistent link: https://www.econbiz.de/10012855001