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Showing 1 to 4 of 4 for “"Share pledging"”.

  1. Insider Share-Pledging and Firm Investors

    … lending institutions and pledge personal equity shares as collateral for the loan. Using manually collected pledge data for January 2007-December 2011, I examine how this phenomena affects firm investors and analyze agency conflicts between pledging managers and (a) outside shareholders, and (b) …

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  2. Three Studies on Hedging Activities and Managerial Opportunism

    … The second study investigates the impact of share pledging by corporate insiders (i.e. directors, executives) on non-GAAP reporting. Using a hand-collected dataset covering publicly listed U.S. firms for the period 2006-2019, I find that share pledging is positively associated with the …

    aus-cath Repository record for Three Studies on Hedging Activities and Managerial Opportunism (opens in a new tab)

  3. Three Studies on Hedging Activities and Managerial Opportunism

    … The second study investigates the impact of share pledging by corporate insiders (i.e. directors, executives) on non-GAAP reporting. Using a hand-collected dataset covering publicly listed U.S. firms for the period 2006-2019, I find that share pledging is positively associated with the …

    anu Repository record for Three Studies on Hedging Activities and Managerial Opportunism (opens in a new tab)

  4. Three Essays on Corporate Governance and CEO Dismissal

    … first study examines the impact of Institutional Shareholder Services (ISS) policy changes on share pledging, focusing on financially constrained (FC) firms. It finds that the 2012 prohibition on share pledging leads to a greater decline in shareholder value for FC firms compared to …

    auckland-ms Repository record for Three Essays on Corporate Governance and CEO Dismissal (opens in a new tab)