Does Uncertainty about Management Affect Firms’ Costs of Borrowing?
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https://www.nber.org/papers/w20674
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资源简介：
Uncertainty about management appears to affect firms cost of borrowing and financial policies. In a sample of S&P 1500 firms between 1987 and 2010, CDS spreads, loan spreads and bond yield spreads all decline over the first three years of CEO tenure, holding other macroeconomic, firm, and security
提供机构：
美国国家经济研究局
创建时间：
2014-11-01
