Browsing Accounting and Finance by Type "Article"
Now showing items 1-4 of 4
-
Disciplinary directors: Evidence from the appointments of outside directors who have fired CEOs
(Elsevier, 2018-11-01)By examining board appointments of outside directors who have previously fired a CEO, we study how directors’ willingness to take disciplinary actions is related to a firm's performance and risk-taking. Such directors ... -
Equity financing restrictions and the asset growth effect: International vs. Asian evidence
(Elsevier, 2019-10)This paper investigates the driver of asset growth to explain the cross-country variation of the asset growth effect. We find that institutional restrictions on equity financing constrain firms' abilities to grow assets, ... -
Unprofitable Affiliates and Income Shifting Behavior
(American Accounting Association, 2017-05)Income shifting from high-tax to low-tax jurisdictions is considered a primary method of reducing worldwide tax burdens of multinational firms. Current losses also affect income shifting incentives. We extend prior approaches ... -
Variable pay: Is it for the worker or the firm?
(Elsevier, 2019-10)Why do firms pay their workers with variable pay? The standard explanation appeals to a problem that the worker faces, e.g., agency. We develop a model of variable pay endogenously driven by the capital structure problem ...