CEO traits, dynamic compensation and capital structure

This paper studies the impact of managerial traits, i.e. optimism, confidence and risk aversion, on capital structure using a principle-agent framework. We discover that optimistic manager perceives equity as more undervalued than debt, while, confident manager perceives debt as more undervalued tha...

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Detalles Bibliográficos
Autores principales: Ye, Wei, Zhang, Yong
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2019
Materias:
Research Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6373916/
https://www.ncbi.nlm.nih.gov/pubmed/30759141
http://dx.doi.org/10.1371/journal.pone.0211422

Internet

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6373916/
https://www.ncbi.nlm.nih.gov/pubmed/30759141
http://dx.doi.org/10.1371/journal.pone.0211422

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