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Keywords: investment policyClose
Journal: The Accounting Review
The Accounting Review (2021) 96 (4): 315–339.
Published: 01 July 2021
... 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 in place by the board of directors in managerial compensation...