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pro vyhledávání: '"Joshua R. Pierce"'
Publikováno v:
SSRN Electronic Journal.
Autor:
Joshua R. Pierce
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
Journal of Corporate Finance. 48:428-441
We examine career outcomes of CEOs subsequent to turnover. CEOs often resurface after turnover, but they secure positions that are inferior to their prior posts. Success in the retread market is unrelated to prior employer performance and board compo
Publikováno v:
SSRN Electronic Journal.
We provide evidence on earnings management by exploiting temporary exogenous shocks to utility firms’ sales arising from weather variation. We find that sample firms’ sales are highly sensitive to annual changes in average temperatures in the reg
Publikováno v:
Journal of Financial Services Research. 46:77-97
In the theory of financial intermediation, bank debt is often characterized as being more readily renegotiable than public debt. Banks are also conjectured to gain valuable non-public information through closer monitoring. Given these features, bank
Autor:
Joshua R. Pierce, Charles J. Hadlock
Publikováno v:
SSRN Electronic Journal.
The authors study connections in academic hiring in a sample of finance doctoral graduates. Departments hire PhD graduates with school connections to other recently hired faculty at a significantly greater rate than models predict. Similarly, schools
Publikováno v:
Review of Financial Studies. 26:567-601
In a large panel of Compustat firms, we find that firm policy changes after exogenous CEO departures do not display abnormally high levels of variability, casting doubt on the presence of idiosyncratic-style effects in policy choices. After endogenou
Publikováno v:
Journal of Corporate Finance. 18:584-597
We study advertising at the brand level in a sample of corporate acquisitions. New owners display an elevated propensity to sharply cut advertising in acquired brands. This behavior is most pronounced in private equity transactions. When a buyer's ex
Autor:
Charles J. Hadlock, Joshua R. Pierce
Publikováno v:
Review of Financial Studies. 23:1909-1940
We collect detailed qualitative information from financial filings to categorize financial constraints for a random sample of firms from 1995 to 2004. Using this categorization, we estimate ordered logit models predicting constraints as a function of
Publikováno v:
The Journal of Business. 79:821-850
We study job movements of professional football coaches. The likelihood of an external promotion is strongly related to measures of individual performance and only weakly related to team performance. In contrast, the likelihood of an internal promoti