Zobrazeno 1 - 10
of 16
pro vyhledávání: '"Swaminathan L. Kalpathy"'
Publikováno v:
The Journal of Finance. 77:2949-2986
Maintaining economic output during the COVID-19 pandemic results in benefits for firm shareholders but comes at a potential cost to public health. Using store-level data, we examine how a CEO's political leaning impacts this trade-off. We document th
Publikováno v:
SSRN Electronic Journal.
Maintaining economic output during COVID-19 pandemic can result in benefits for a firm’s shareholders but comes at a potential cost to public health. Using store-level data, we examine how a CEO’s political leanings, measured by political donatio
Autor:
Amar Gande, Swaminathan L. Kalpathy
Publikováno v:
Journal of Corporate Finance. 47:131-150
We examine whether risk-taking among the largest financial firms in the U.S. is related to CEO equity incentives before the 2008 financial crisis. Using data on U.S. Federal Reserve emergency loans provided to these firms, we find that the amount of
Publikováno v:
SSRN Electronic Journal.
We study the compensation influence of highly central firms (“stars”) in CEO compensation peer networks. We find that lower-profile firms covertly tie CEO compensation to these influential “stars.” We propose a “Herding on stars” hypothes
Publikováno v:
SSRN Electronic Journal.
We find that firms that grant performance-contingent (p-c) equity awards with accounting-based vesting conditions to their CEOs have lower cost of debt and less restrictive loan terms. The benefits of p-c accounting-based awards on debt financing are
Publikováno v:
Financial Management. 44:655-683
We examine different types of derivative instruments used by corporate insiders. These instruments are more likely to be used when there is greater insider ownership and greater capital market scrutiny. While these instruments may be allowed by board
Publikováno v:
Accounting and Finance Research. 5
Of late, both U.S. and International firms have increased the granting of performance-contingent equity awards to their executive officers. Beyond simple stock options, these awards frequently include accounting-based performance targets. Failure to
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
Journal of Accounting and Economics. 41:173-200
We investigate market behavior in a setting where managerial incentives to manipulate earnings and market price should be apparent ex ante to market participants. We find evidence of abnormally low discretionary accruals in the period following annou
Publikováno v:
SSRN Electronic Journal.
Recent regulation and legislation, along with the growing influence of compensation consultants and proxy advisors, have led to an increase in performance-contingent awards. A majority of these awards contain performance conditions tied explicitly to