Results 231 to 240 of about 5,802,103 (296)

Shareholder Activism: Affliction for Incumbent CEOs?

open access: yesFinancial Management, EarlyView.
ABSTRACT We study how shareholder activism shapes CEO careers by distinguishing between two competing hypotheses: discipline and reallocation. Employing a control function approach with expected mutual fund fire sales and purchases as exclusion restrictions, we analyze 3799 US campaigns from 2006 to 2018.
Jana P. Fidrmuc   +2 more
wiley   +1 more source

Dual‐Class Firms and Voluntary Disclosure of Earnings Guidance

open access: yesFinancial Management, EarlyView.
ABSTRACT This paper shows that dual‐class firms issue more quarterly management earnings guidance, particularly when the guidance contains negative news. This effect is driven by the fact that insiders in dual‐class firms maintain sufficient control to be isolated from market pressure and disciplinary outcomes following disclosure.
Arash Dayani
wiley   +1 more source

Control Overhang and Owner Financial Constraints: Evidence From Equity Issuance

open access: yesFinancial Management, EarlyView.
ABSTRACT Under the debt overhang problem, firms approaching distress issue too little equity because new capital primarily benefits creditors. We identify an additional mechanism—control overhang—that further suppresses equity issuance for firms with controlling owners. As distress risk rises, equity issuance discounts steepen, and each unit of capital
Jens Forssbæck   +2 more
wiley   +1 more source

CEO Self‐Regulation and the Cost of Equity Capital

open access: yesFinancial Review, EarlyView.
ABSTRACT We explore the association between CEO self‐regulation and the cost of equity capital by distinguishing between two dimensions of regulatory focus—promotion focus and prevention focus—based on Higgins' (1997) framework. A promotion focus prioritizes positive stimuli, accomplishment, and growth, while a prevention focus emphasizes negative ...
Ann Ling‐Ching Chan, Kyunghwa Yu
wiley   +1 more source

Healthcare debts in the United States: a silent fight. [PDF]

open access: yesAnn Med Surg (Lond)
Aborode AT   +14 more
europepmc   +1 more source

Political Accountability During Crises: Evidence From 40 Years of Financial Policies

open access: yesInternational Economic Review, EarlyView.
ABSTRACT We show that politicians facing a binding term limit are more likely to engage in financial deliberalization than those facing reelection, but only in the wake of a financial crisis. In particular, they implement policies that tend to favor incumbent financial institutions over the general population, such as increasing barriers to entry in ...
Orkun Saka, Yuemei Ji, Clement Minaudier
wiley   +1 more source

Use of the Brief Suicide Cognitions Scale as a screening tool to identify latent risk in a gambling clinic sample. [PDF]

open access: yesFront Psychiatry
Rudd MD   +7 more
europepmc   +1 more source

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