Good for managers, bad for society? Causal evidence on the association between risk‐taking incentives and corporate social responsibility
M Mayberry - Journal of Business Finance & Accounting, 2020 - Wiley Online Library
Using FAS 123R as an exogenous shock to stock options, I provide evidence that equity‐
based risk‐taking incentives discourage corporate social responsibility (CSR). This finding …
based risk‐taking incentives discourage corporate social responsibility (CSR). This finding …
Corporate risk-taking after changes in credit rating
H Koerniadi - International Journal of Managerial Finance, 2023 - emerald.com
Purpose The paper aims to investigate corporate risk-taking following changes in firms'
credit ratings (CR) and the mechanisms the firms use in implementing the risk-taking …
credit ratings (CR) and the mechanisms the firms use in implementing the risk-taking …
Equity Incentives and Tax-Motivated Income Shifting
We examine whether executives' equity-based compensation incentives, tied to firm value
(delta) and risk-taking (vega), influence the extent of firms' tax-motivated income shifting …
(delta) and risk-taking (vega), influence the extent of firms' tax-motivated income shifting …
[PDF][PDF] Offsetable derivative exposures and financial stability
US GAAP allows banks to offset reciprocal derivative assets and liabilities with the same
counterparty and report only the net amount on the balance sheet, resulting in trillions of …
counterparty and report only the net amount on the balance sheet, resulting in trillions of …