Zobrazeno 1 - 10
of 10
pro vyhledávání: '"Meg Adachi-Sato"'
Autor:
Meg Adachi-Sato
Publikováno v:
Canadian Journal of Economics/Revue canadienne d'économique. 51:275-313
This article considers the effect of vesting conditions of stock-based compensation on firms' decisions to replace managers. I indicate that firms may excessively replace managers with both long- and short-term vested stock-based compensation, while
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::e08e671795ec90b92c79849123d8c545
https://doi.org/10.1111/caje.12323
https://doi.org/10.1111/caje.12323
Autor:
Meg Adachi-Sato, Chaiporn Vithessonthi
Publikováno v:
Global Finance Journal. 49:100573
In this paper, we explore the relation between the banking sector's risk-taking and a firm's investment (“corporate investment”). Specifically, we ask whether firms' cash holdings moderate the effect of the banking sector's risk-taking on corpora
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::176ab8f7f5bfeb396835383e3c816f18
https://doi.org/10.1016/j.gfj.2020.100573
https://doi.org/10.1016/j.gfj.2020.100573
Autor:
Meg Adachi-Sato, Chaiporn Vithessonthi
Publikováno v:
International Review of Financial Analysis. 50:151-163
In this paper, we develop a simple two-period model in which a bank’s investment (e.g., loans) is influenced by short-term financing and a probability of a financial crisis. When banks ex ante expect to be bailed out during financial crises, they d
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::355d972d604a75876791097b2126ac9b
https://doi.org/10.1016/j.irfa.2017.02.008
https://doi.org/10.1016/j.irfa.2017.02.008
Autor:
Meg Adachi-Sato, Chaiporn Vithessonthi
Publikováno v:
SSRN Electronic Journal.
In this paper, we use three measures that arguably capture two dimensions of “bank systemic risk”, namely, (1) bank funding maturity and (2) bank asset commonality, to empirically test whether bank systemic risk has a positive effect on corporate
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::cf8d20d4d8bd15f43e4028cb52d5d904
https://doi.org/10.2139/ssrn.2898943
https://doi.org/10.2139/ssrn.2898943
Autor:
Meg Adachi-Sato
Publikováno v:
The Manchester School. 83:183-216
This paper explores why a corporate board often fails to replace a substandard CEO. I consider the situation in which the incumbent CEO and directors make decisions in the absence of the new CEO. I show that the board and the CEO maximize the expecte
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::ecae1cd6d0e14e80f2f233ea6b6b298a
https://doi.org/10.1111/manc.12055
https://doi.org/10.1111/manc.12055
Autor:
Chaiporn Vithessonthi, Meg Adachi-Sato
Publikováno v:
SSRN Electronic Journal.
We propose a simple idea that corporate debt maturity should serve as a good indicator of future firm performance volatility. We show in a simple two-period model that the riskiness of corporate investment is a decreasing function of corporate debt m
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::2e94682917769763c1d733d501046a06
https://doi.org/10.2139/ssrn.2629916
https://doi.org/10.2139/ssrn.2629916
Autor:
Meg Adachi-Sato, Chaiporn Vithessonthi
Publikováno v:
SSRN Electronic Journal.
We develop a simple three-period model in which a bank's investment is influenced by shortterm financing and a probability of a financial crisis. The presence of moral hazard problems in banks and firms causes (1) banks to take on riskier loans, (2)
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::30340eb6337b0b046c4c6fa962c73c73
https://doi.org/10.2139/ssrn.2629897
https://doi.org/10.2139/ssrn.2629897
Autor:
Kazuya Kamiya, Meg Adachi-Sato
　　 Why do some employees receive only …xed or incentive pay, while others receive a mix of …xed and incentive pay? Moreover, why do the lengths of wage contracts di¤er across these types of pay? This paper attempts to respond
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od_______645::8af4920e1d9c13b40e201a31c3c36e63
http://www.cirje.e.u-tokyo.ac.jp/research/dp/2013/2013cf896.pdf
http://www.cirje.e.u-tokyo.ac.jp/research/dp/2013/2013cf896.pdf
Autor:
Meg Adachi-Sato, Kazuya Kamiya
This article develops a multitask model in which the agent has to produce both verifiable and unverifiable outputs in a dynamic framework as observed in actual labor markets and practices. The model derives an important result regarding the timing an
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od_______645::1a9de846ce1894d022107e0733291ec5
http://www.cirje.e.u-tokyo.ac.jp/research/dp/2011/2011cf825.pdf
http://www.cirje.e.u-tokyo.ac.jp/research/dp/2011/2011cf825.pdf
Autor:
Meg Adachi-Sato
This paper explores one reason why a corporate board often fails to replace a substandard CEO. I consider the situation in which the incumbent CEO and direscotrs make decisions in the absence of the new CEO. I show that in this situation, which is co
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od_______645::7db06bae9a4da5d7457285a5f5b4f39b
http://www.cirje.e.u-tokyo.ac.jp/research/dp/2010/2010cf710.pdf
http://www.cirje.e.u-tokyo.ac.jp/research/dp/2010/2010cf710.pdf