Hu, Yansong McNamara, Peter and Piaskowska, Dorota 2017. Project Suspensions and Failures in New Product Development: Returns for Entrepreneurial Firms in Co-Development Alliances. Journal of Product Innovation Management, Vol. 34, Issue. 1, p. 35.
Kim, Kyonghee Patro, Sukesh and Pereira, Raynolde 2017. Option incentives, leverage, and risk-taking. Journal of Corporate Finance, Vol. 43, p. 1.
Bradley, Daniel Pantzalis, Christos and Yuan, Xiaojing 2016. Policy risk, corporate political strategies, and the cost of debt. Journal of Corporate Finance, Vol. 40, p. 254.
Chen, Liqiang and Qiu, Jiaping 2016. CEO Incentives, Relationship Lending, and the Cost of Corporate Borrowing. Financial Management,
Hernández-Lagos, Pablo Povel, Paul and Sertsios, Giorgo 2016. An Experimental Analysis of Risk-Shifting Behavior. Review of Corporate Finance Studies, p. cfw006.
Prevost, Andrew K. Wongchoti, Udomsak and Marshall, Ben R. 2016. Does institutional shareholder activism stimulate corporate information flow?. Journal of Banking & Finance, Vol. 70, p. 105.
Tanaka, Takanori 2016. How do managerial incentives affect the maturity structure of corporate public debt?. Pacific-Basin Finance Journal, Vol. 40, p. 130.
Brockman, Paul Ma, Tao and Ye, Jianfang 2015. CEO Compensation Risk and Timely Loss Recognition. Journal of Business Finance & Accounting, Vol. 42, Issue. 1-2, p. 204.
Liao, Scott 2015. Outside Blockholders' Monitoring of Management and Debt Financing. Contemporary Accounting Research, Vol. 32, Issue. 4, p. 1373.
Schultz, Emma L. Tan, David T. Walsh, Kathleen D. and Smith, Tom 2015. Corporate governance and the probability of default. Accounting & Finance, p. n/a.
Anantharaman, Divya Fang, Vivian W. and Gong, Guojin 2014. Inside Debt and the Design of Corporate Debt Contracts. Management Science, Vol. 60, Issue. 5, p. 1260.
BAGHAI, RAMIN P. SERVAES, HENRI and TAMAYO, ANE 2014. Have Rating Agencies Become More Conservative? Implications for Capital Structure and Debt Pricing. The Journal of Finance, Vol. 69, Issue. 5, p. 1961.
Chen, Liqiang 2014. CEO Risk-taking Incentives and Bank Loan Syndicate Structure. Journal of Business Finance & Accounting, Vol. 41, Issue. 9-10, p. 1269.
Chuluun, Tuugi Prevost, Andrew and Puthenpurackal, John 2014. Board Ties and the Cost of Corporate Debt. Financial Management, Vol. 43, Issue. 3, p. 533.
Tanaka, Takanori 2014. Gender diversity in the boards and the pricing of publicly traded corporate debt: evidence from Japan. Applied Financial Economics, Vol. 24, Issue. 4, p. 247.
Tanaka, Takanori 2014. Corporate governance and the cost of public debt financing: Evidence from Japan. Journal of the Japanese and International Economies, Vol. 34, p. 315.
Beladi, Hamid and Quijano, Margot 2013. CEO incentives for risk shifting and its effect on corporate bank loan cost. International Review of Financial Analysis, Vol. 30, p. 182.
Chiou, Chyi-Lun Hung, Mao-Wei and Shu, Pei-Gi 2013. Foreign Direct Investment in Emerging Markets: Bondholders' Perspective. Emerging Markets Finance and Trade, Vol. 49, Issue. s4, p. 5.
Clayton, Matthew J. and Reisel, Natalia 2013. Value creation from asset sales: New evidence from bond and stock markets. Journal of Corporate Finance, Vol. 22, p. 1.
Frantz, Pascal and Instefjord, Norvald 2013. Corporate Governance and the Cost of Borrowing. Journal of Business Finance & Accounting, Vol. 40, Issue. 7-8, p. 918.
This article examines managerial ownership structure and at-issue yield spreads on corporate bonds. There is a positive relation between managerial ownership and borrowing costs, and this relation is weaker at higher levels of ownership. In addition, managerial stock options have a larger effect on yield spreads than stock ownership. These effects exist after controlling for firm and bond characteristics, and are robust to endogeneity and sample selection concerns. The evidence suggests that rational bondholders price new debt issues using the information about a firm's future risk choices contained in managerial incentive structures, and that lenders anticipate higher risk-taking incentives from managerial stock options than from equity ownership.
This list contains references from the content that can be linked to their source. For a full set of references and notes please see the PDF or HTML where available.
Email your librarian or administrator to recommend adding this journal to your organisation's collection.