We examine the real effects of lease capitalization rules (i.e., standards that require firms to capitalize finance leases) on corporate investment. We show that the introduction of these rules leads to a decrease in investment, which is more pronounced for firms with high reliance on leases. We...

We study executive equity contributions to nonqualified deferred compensation plans, which consist of the election to defer part or all of the executive’s annual base salary and other cash pay into the company’s stock. These transactions provide executives with an alternative channel to...