The Vote is Cast: The Effect of Corporate Governance on Shareholder Value
This paper estimates the effect of corporate governance provisions on shareholder value and long-term outcomes in S&P1500 firms. We apply a regression...
DP 663
Executive compensation and competition in the banking and financial sectors
This paper studies the effect of deregulation and increased product market competition on the compensation packages that firms offer to their...
DP 598
Long-term debt and hidden borrowing
We consider borrowers with the opportunity to raise funds from a competitive banking sector that shares information, and from an alternative hidden...
DP 542
Trade Credit: Suppliers as Debt Collectors and Insurance Providers
There are two fundamental puzzles about trade credit: why does it appear to be so expensive, and why do input suppliers engage in the business of...
DP 365