Zobrazeno 1 - 10
of 10
pro vyhledávání: '"Youngki Jang"'
Publikováno v:
Journal of Business Finance & Accounting. 50:764-794
Autor:
Nir Yehuda, Youngki Jang
Publikováno v:
Contemporary Accounting Research. 38:2264-2301
Publikováno v:
The Accounting Review. 96:79-105
We provide evidence that credit investors do not fully impound the implications of firms' cost structure (or operating leverage) when pricing credit default swaps. Information about firms' cost structure is not disclosed and needs to be estimated. Fu
Publikováno v:
SSRN Electronic Journal.
Autor:
Youngki Jang, Suresh Radhakrishnan
Publikováno v:
SSRN Electronic Journal.
We examine the voluntary disclosure theory’s prediction of heterogeneous stock market reaction to M&A conference calls attributable to the uncertainty of investors’ response. Using a series of quantile regressions, we find that the incidence of c
Publikováno v:
SSRN Electronic Journal.
We examine how income taxes—both managerial and corporate—influence the design of firms’ debt contracts and their use of financial covenants in particular. Both levels of taxation have the potential to exacerbate conflicts of interest among cre
Publikováno v:
SSRN Electronic Journal.
We provide evidence that credit investors do not fully impound the implications of firms’ cost structure (or operating leverage) when pricing credit default swaps. Information about firms’ cost structure is not disclosed and needs to be estimated
Publikováno v:
SSRN Electronic Journal.
We examine the association of asymmetric cost behavior of acquirers and value creation in mergers and acquisitions (M&A). We find that less sticky acquirers — that is, acquirers with greater resource-adjustment flexibility — earn higher abnormal