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Managerial incentives to increase firm volatility provided by debt, stock, and options
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Managerial incentives to increase firm volatility provided by debt, stock, and options (2013)Managerial incentives to increase firm vo…In Search of Distress Risk (2008)In Search of Distress RiskForecasting Default with the Merton Distance to Default Model (2008)Forecasting Default with the …Theory of rational option pricing (2005)Theory of rational option pri…Managerial incentives and risk-taking☆ (2005)Managerial incentives and ris…Assessing the Probability of Bankruptcy (2004)Assessing the Probability of …Stock options for undiversified executives (2002)Stock options for undiversifi…Estimating the Value of Employee Stock Option Portfolios and Their Sensitivities to Price and Volatility (2002)Estimating the Value of Emplo…Measurement Error and the Relationship between Investment and q (2000)Measurement Error and the Rel…The sensitivity of CEO wealth to equity risk: an analysis of the magnitude and determinants (1999)The sensitivity of CEO wealth…Common risk factors in the returns on stocks and bonds (1993)Common risk factors in the re…The investment opportunity set and corporate financing, dividend, and compensation policies (1992)The investment opportunity se…Optimal Incentive Contracts in the Presence of Career Concerns: Theory and Evidence (1991)Optimal Incentive Contracts i…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)ON THE PRICING OF CORPORATE D…The Pricing of Options and Corporate Liabilities (1973)The Pricing of Options and Co…FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY (1968)FINANCIAL RATIOS, DISCRIMINAN…The Random Character of Stock Market Prices (1968)THE RELATIONSHIP BETWEEN PUT AND CALL OPTION PRICES (1969)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Coherent Measures of Risk (1999)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Risk, Return, and Equilibrium: Empirical Tests (1973)The Cross-Section of Expected Stock Returns (1992)Illiquidity and stock returns: cross-section and time-series effects (2002)A five-factor asset pricing model (2014)On the Pricing of Corporate Debt: The Risk Structure of Interest Rates (1974)Forecasting Bankruptcy More Accurately: A Simple Hazard Model (2001)Credit Spreads and Business Cycle Fluctuations (2012)Uncertainty, Financial Frictions, and Investment Dynamics (2014)Predictably Unequal? The Effects of Machine Learning on Credit Markets (2021)Determinants of corporate borrowing (1977)Corporate financing and investment decisions when firms have information that investors do not have (1984)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Higher market valuation of companies with a small board of directors (1996)Corporate governance, chief executive officer compensation, and firm performance (1999)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)A Closed-Form Solution for Options with Stochastic Volatility with Applications to Bond and Currency Options (1993)The Nature of the Firm (1937)Separation of Ownership and Control (1983)An Integrative Model Of Organizational Trust (1995)Editor's Choice Digesting Anomalies: An Investment ApproachAdvances in prospect theory: Cumulative representation of uncertainty (1992)On Persistence in Mutual Fund Performance (1997)Digesting Anomalies: An Investment Approach (2012)Boards: Does one size fit all☆ (2007)Are Overconfident CEOs Better Innovators? (2012)Corporate Immunity to the COVID-19 Pandemic (2020)Option pricing when underlying stock returns are discontinuous (1976)The valuation of options for alternative stochastic processes (1976)An equilibrium characterization of the term structure (1977)Financial Ratios and the Probabilistic Prediction of Bankruptcy (1980)How does financial reporting quality relate to investment efficiency? (2009)
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References

  • 1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
  • 1973The Pricing of Options and Corporate Liabilities29,064 cited
  • 1993Common risk factors in the returns on stocks and bonds26,615 cited
  • 1968FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY14,869 cited
  • 1974ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES*11,230 cited
  • 2005Theory of rational option pricing7,183 cited
  • 1992The investment opportunity set and corporate financing, dividend, and compensation policies3,591 cited
  • 2005Managerial incentives and risk-taking☆2,924 cited
  • 2008In Search of Distress Risk2,232 cited
  • 2008Forecasting Default with the Merton Distance to Default Model2,220 cited
  • 1991Optimal Incentive Contracts in the Presence of Career Concerns: Theory and Evidence1,876 cited
  • 2002Estimating the Value of Employee Stock Option Portfolios and Their Sensitivities to Price and Volatility1,708 cited
  • 1999The sensitivity of CEO wealth to equity risk: an analysis of the magnitude and determinants1,391 cited
  • 2004Assessing the Probability of Bankruptcy1,357 cited
  • 2002Stock options for undiversified executives

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1,167 cited
  • 2000Measurement Error and the Relationship between Investment and q1,164 cited
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