Publicação
Top manager learning effects of going through financial distress: evidence from the United States
| datacite.subject.fos | Ciências Sociais::Economia e Gestão | pt_PT |
| dc.contributor.advisor | Demirci, Irem | |
| dc.contributor.author | Schulz, Ingo | |
| dc.date.accessioned | 2022-06-24T14:56:43Z | |
| dc.date.available | 2022-06-24T14:56:43Z | |
| dc.date.issued | 2022-01-10 | |
| dc.date.submitted | 2021-12-17 | |
| dc.description.abstract | This work project contributes to a growing literature that studies the effect of managerial heterogeneity on corporate decisions, particularly risk-taking behavior, by examining the effect of experiencing financial distress on a manager’s long-term risk-aversion, reflected in firm policies, using a sample of public companies based in the United States (US). I document that Chief Executive Officers(CEOs)who experienced financial distress as predicted by z-score analysis or credit rating down grades choose more risk-averse financial and investment policies than their counterparts, whereas Chief Financial Officers (CFOs) who experienced financial distress choose riskier financial policies than their counterparts. | pt_PT |
| dc.identifier.tid | 202997987 | pt_PT |
| dc.identifier.uri | http://hdl.handle.net/10362/140690 | |
| dc.language.iso | eng | pt_PT |
| dc.relation | Nova School of Business and Economics | |
| dc.subject | Corporate governance | pt_PT |
| dc.subject | Corporate finance | pt_PT |
| dc.subject | Capital structure | pt_PT |
| dc.subject | Financial distress | pt_PT |
| dc.subject | Investments | pt_PT |
| dc.subject | Diversification | pt_PT |
| dc.title | Top manager learning effects of going through financial distress: evidence from the United States | pt_PT |
| dc.type | master thesis | |
| dspace.entity.type | Publication | |
| oaire.awardNumber | UID/ECO/00124/2013 | |
| oaire.awardTitle | Nova School of Business and Economics | |
| oaire.awardURI | info:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UID%2FECO%2F00124%2F2013/PT | |
| oaire.fundingStream | 6817 - DCRRNI ID | |
| project.funder.identifier | http://doi.org/10.13039/501100001871 | |
| project.funder.name | Fundação para a Ciência e a Tecnologia | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | masterThesis | pt_PT |
| relation.isProjectOfPublication | 644a3f4f-817b-4d0d-aba6-f98cdca28bc7 | |
| relation.isProjectOfPublication.latestForDiscovery | 644a3f4f-817b-4d0d-aba6-f98cdca28bc7 | |
| thesis.degree.name | A Work Project, presented as part of the requirements for the Award of a Masters Degree in Finance from the NOVA – School of Business and Economics | pt_PT |
Ficheiros
Principais
1 - 1 de 1
A carregar...
- Nome:
- 2021-22_fall_43925_ingo-schulz.pdf
- Tamanho:
- 984 KB
- Formato:
- Adobe Portable Document Format