CEO inside debt and corporate debt maturity structure

Three essays on corporate debt mix, maturity structure, and inside ...

We find a positive relationship between inside debt and leverage, indicating that CEOs with higher inside debt holdings tend to use higher leverage. We also ...

Two Essays on CEO Inside Debt Holding in Relation to Firm Payout ...

CEO overconfidence and corporate debt maturity. ... In a simple capital structure with only plain vanilla debt and equity, this ... CEO's inside debt ...

CEO inside debt and convertible bonds - University of Hawaii System

Second, companies provide little information about the maturity structure of their debt, which adds complexity to the estimation of these two quantities. 4 The ...

Executive Compensation and the Maturity Structure of Corporate Debt

In addition, we analyze the effect of debt maturity on the relation between portfolio sensitivities and bond yields. The empirical results provide a consistent ...

CEO overconfidence and corporate debt maturity - Strathprints

Consistent with a demand side story, we find that firms with overconfident CEOs tend to adopt a shorter debt maturity structure by using a higher proportion of ...

CEO INSIDE DEBT AND THE MATURITY STRUCTURE OF ...

We study whether CEO ownership of debt in the form of deferred compensation and pension benefits affects corporate debt maturity structure.

Executive Compensation and the Maturity Structure of Corporate Debt

Theory suggests that short-maturity debt mitigates agency costs of debt by constraining managerial risk preferences. We posit and find evidence of a negative ( ...

Midair Refueling for Sensation Seeking? Pilot CEOs and Corporate ...

We add to an established line of research in corporate financing that considers the determinants of corporate debt maturity structure (e.g., Barclay and Smith, ...

Inside Debt and the Design of Corporate Debt Contracts - PubsOnLine

Theory posits that managerial holdings of debt (“inside debt”) align managers' incentives with those of outside debtholders.

CEO Inside and Firm's Maturity Structure of Debt - Google Books

This study examines managerial compensation incentives and its impact on firm's financial decisions. Specifically, we examine how CEO's inside-debt based ...

Internet Appendix to “Executive Compensation and the Maturity ...

term debt in their capital structure. Datta et al ... Relation between Corporate Bond Yield Spreads and CEO ... maturity structure of corporate debt, Journal of ...

Journal of Banking and Finance - Trulaske College of Business

of corporate debt maturity structure occupies an important place in the finance literature. Previous studies document that debt maturity is ...

Executive Compensation and the Maturity Structure of Corporate Debt

Theory suggests that short-maturity debt mitigates agency costs of debt by constraining managerial risk preferences. We posit and find evidence ...

Does CEO debt-like compensation mitigate corporate social ...

By aligning the CEO's incentives with those of debtholders, inside debt provides managerial incentives by motivating the CEO to refrain from risk-seeking ...

Inside Debt, Bank Default Risk, and Performance during the Crisis

There is considerable research that investigates how the structure of CEO compensation is associated with bank risk-taking incentives. Houston and James (1995).

The moderating role of CEO overconfidence on debt maturity ...

debt maturity structure of MENA region firms could provide new evidence in the corporate overconfidence field. Therefore, future research on this topic is ...

Corporate Social Responsibility, Policy Uncertainty, and Corporate ...

Abstract. This study investigates the effect of firms' ESG performance on the impact of policy uncertainty on corporate debt maturity structure decisions, ...

Pay Me Later: Inside Debt and Its Role in Managerial Compensation

all compensation; that CEO compensation in most firms exhibits a balance between debt- and equity-based incentives, with the balance shifting systematically ...

How Corporate Insiders Perceive CEO Inside Debt

In our study, we empirically investigate the extent to which the trades of corporate insiders are influenced by CEO inside debt compensation.

Executive Compensation and the Maturity Structure of Corporate Debt

Executive compensation influences managerial risk preferences through executives' portfolio sensitivities to changes in stock prices (delta) and stock ...