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Viitteet 1-9 / 9
Is social capital associated with corporate innovation? Evidence from publicly listed firms in the U.S
(08.04.2020)
Journal of Corporate Finance June
Journal of Corporate Finance June
We find that social capital in U.S. counties, as captured by strength of social norms and density of social networks, is positively associated with innovation of firms headquartered in the county, as captured by patents ...
Credit allocation when borrowers are economically linked: An empirical analysis of bank loans to corporate customers
(07.04.2020)
Journal of Corporate Finance June ; 2020
Journal of Corporate Finance June ; 2020
Using detailed loan level data, we examine bank lending to corporate customers relying on principal suppliers. Customers experience larger loan spreads, higher intensity of covenants and greater likelihood of requiring ...
Transactional and relational approaches to political connections and the cost of debt
(22.10.2020)
Journal of Corporate Finance December
Journal of Corporate Finance December
This paper examines the economic effects of a firm's approach to developing and maintaining political connections. Specifically, we investigate whether lenders favor transactional connection as opposed to relational ...
Do managerial risk-taking incentives influence firms' exchange rate exposure?
(04.07.2017)
Journal of Corporate Finance October
Journal of Corporate Finance October
There is scant evidence on how risk-taking incentives impact specific firm risks. This has implications for board oversight of managerial risk taking, firms' development of comparative advantage in taking particular risks, ...
Private benefits of control and bank loan contracts
(31.01.2018)
Journal of Corporate Finance April 2018
Journal of Corporate Finance April 2018
This paper investigates whether or not private benefits of control by managers and large shareholders influence the financing cost of firms. Evidence shows that lending banks demand a significantly higher loan spread, ...
Do venture capital firms benefit from a presence on boards of directors of mature public companies?
(29.12.2017)
Journal of Corporate Finance April 2018
Journal of Corporate Finance April 2018
This paper examines the benefits to venture capital firms of their officers holding directorships in mature public companies in terms of fundraising and investment performance. Our empirical results show that venture capital ...
Differences make a difference : Diversity in social learning and value creation
(05.12.2017)
Journal of Corporate Finance February ; 2018
Journal of Corporate Finance February ; 2018
Prior research has demonstrated that CEOs learn privileged information from their social connections. Going beyond the importance of the number of social ties in a CEO's social network, this paper studies the value generated ...
Political ties and raising capital in global markets: Evidence from Yankee bonds
(28.05.2022)
Journal of Corporate Finance June ; 2022
Journal of Corporate Finance June ; 2022
This paper examines whether state-to-state political ties help firms obtain better terms when raising funds in global capital markets. Focusing on the Yankee bonds market, we find that issuances by firms from countries ...
Learning and staged equity financing
(16.05.2022)
Journal of Corporate Finance June
Journal of Corporate Finance June
We propose a rationale for why firms often return to the equity market shortly after their initial public offering (IPO). We argue that hard to value firms conduct smaller IPOs, and that they return to the equity market ...