Results 271 to 280 of about 415,533 (390)

Do Politically Connected Board Members Influence Firms' Debt Choices? Public Debt Versus Bank Debt

open access: yesEuropean Financial Management, EarlyView.
ABSTRACT Using a unique hand‐collected data set on the political connections of board members of S&P 1500 companies, we find that board members with stronger government ties are positively associated with firms' preference for public debt over bank debt.
Mustapha Douch   +2 more
wiley   +1 more source

Is There an Industry Effect of SPAC Merger Announcements?

open access: yesEuropean Financial Management, EarlyView.
ABSTRACT This study investigates whether SPAC merger announcements affect the target firms' industry rivals. Using a sample of 468 SPAC mergers from 2016 to 2023, the results indicate that rival firms experience significant negative abnormal returns, especially around smaller and riskier deals that yield lower announcement returns for SPACs. Additional
Carene Boucher
wiley   +1 more source

Do Major Customers Affect Firms' Environmental, Social and Governance Activities?

open access: yesEuropean Financial Management, EarlyView.
ABSTRACT We examine the role of major customers in shaping firms' environmental, social and governance (ESG) practices. We find that firms with major customer relationships undertake fewer ESG activities compared to those without such ties. The association is attenuated when institutional ownership is high, firms are less diversified, customers exhibit
Feng Dong   +4 more
wiley   +1 more source

Implicit Promises and the Timing of Defined‐Benefit Pension Plan Freezes

open access: yesFinancial Management, EarlyView.
ABSTRACT Firms time defined‐benefit (DB) plan freezes after CEO turnovers to protect CEO retirement benefits from cost cuts affecting the wider workforce. We document a significant increase in voluntary CEO turnovers just before the freeze, without notable post‐freeze changes.
Zacharias Petrou, Adamos Vlittis
wiley   +1 more source

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