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Keywords: agency conflict
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Journal Articles
The Accounting Review (2021) 96 (4): 315–339.
Published: 01 July 2021
... 7 2020 2021 agency conflict managerial compensation vega operating risks investment policy asset substitution bankruptcy credit default swap (CDS) In this study, we examine whether and how stringent lender monitoring reduces the efficacy of risk-inducing incentives put...