Browsing by Author "Ghosh, Dipankar"
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Manager-Debtholder Alignment and Opportunistic Income Smoothing
Shu, Qing (2016-05-13)Managers’ risk preferences are typically greater than those of debtholders. Managers have the potential to gain from risky activities, but debtholders share only in the losses. Debtholders recognize their misalignment with ... -
Strategic Non-disclosure of Major Customer Identity
Akamah, Herita (2016-05)This study investigates firms’ decision to withhold the identity of their major customers. I first document that the extent of private firms in the industry (private firm intensity) relates positively to non-disclosure of ...