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Do Nonfinancial Stakeholders Affect the Pricing of Risky Debt? Evidence from Unionized Workers
16 references·16 citing·43 second hopsampled
Do Nonfinancial Stakeholders Affect the Pricing of Risky Debt? Evidence from Unionized Workers (2011)Do Nonfinancial Stakeholders Affect the P…Corporate social responsibility and stakeholder value maximization: Evidence from mergers (2013)Corporate social responsibili…Does the stock market fully value intangibles? Employee satisfaction and equity prices (2011)Does the stock market fully v…The impact of corporate social responsibility on the cost of bank loans (2010)The impact of corporate socia…Forecasting Default with the Merton Distance to Default Model (2008)Forecasting Default with the …Back to the Beginning: Persistence and the Cross‐Section of Corporate Capital Structure (2008)Back to the Beginning: Persis…The effects of corporate governance on firms’ credit ratings (2006)The effects of corporate gove…Institutional Investors and Executive Compensation (2003)Institutional Investors and E…Founding family ownership and the agency cost of debt (2003)Founding family ownership and…Corporate Governance and Equity Prices (2003)Corporate Governance and Equi…Corporate governance proposals and shareholder activism: the role of institutional investors (2000)Corporate governance proposal…Large Shareholders and Corporate Control (1986)Large Shareholders and Corpor…What do unions do (1984)What do unions doFinancial Ratios and the Probabilistic Prediction of Bankruptcy (1980)Financial Ratios and the Prob…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…FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY (1968)FINANCIAL RATIOS, DISCRIMINAN…Stakeholder Orientation and the Cost of Debt: Evidence from State-Level Adoption of Constituency Statutes (2020)Stakeholder Orientation and t…Corporate social responsibility and cost of financing—The importance of the international corporate governance system (2020)Corporate social responsibili…What Do Employees Know? Evidence from a Social Media Platform (2018)What Do Employees Know? Evide…The cross-section of labor leverage and equity returns (2018)The cross-section of labor le…Capital Structure and a Firm's Workforce (2018)Capital Structure and a Firm'…Labor Unions and Income Smoothing (2017)Labor Unions and Income Smoot…Firm network structure and innovation (2017)Firm network structure and in…Employee representation and financial leverage (2017)Employee representation and f…Bankruptcy and the Cost of Organized Labor: Evidence from Union Elections (2017)Bankruptcy and the Cost of Or…Outside employment opportunities, employee productivity, and debt discipline (2016)Outside employment opportunit…Organized Labor and Debt Contracting: Firm-Level Evidence from Collective Bargaining (2016)Organized Labor and Debt Cont…Employee rights and acquisitions (2015)Employee rights and acquisiti…Distressed Firm and Bankruptcy Prediction in an International Context: A Review and Empirical Analysis of Altman's Z-Score Model (2014)Distressed Firm and Bankruptc…Negotiating with Labor under Financial Distress (2012)Negotiating with Labor under …Employee ownership, board representation, and corporate financial policies (2011)Employee ownership, board rep…Do Managers Withhold Good News from Labor Unions? (2011)Do Managers Withhold Good New…On the Pricing of Corporate Debt: The Risk Structure of Interest Rates (1974)Forecasting Bankruptcy More Accurately: A Simple Hazard Model (2001)The Economics of Structured Finance (2009)Credit Spreads and Business Cycle Fluctuations (2012)Predictably Unequal? The Effects of Machine Learning on Credit Markets (2021)Financial Ratios As Predictors of Failure (1966)Conditional logit analysis of qualitative choice behavior (1972)Methodological Issues Related to the Estimation of Financial Distress Prediction Models (1984)The Effect of Audit Quality on Earnings Management* (1998)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)The Pricing of Options and Corporate Liabilities (1973)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)A theory of human motivation. (1943)Common risk factors in the returns on stocks and bonds (1993)… and the Cross-Section of Expected Returns (2015)Do Investors Value Sustainability? A Natural Experiment Examining Ranking and Fund Flows (2017)Sustainable investing in equilibrium (2020)Corporate Social and Financial Performance: A Meta-Analysis (2003)Strategy and society: the link between competitive advantage and corporate social responsibility (2007)Nonfinancial Disclosure and Analyst Forecast Accuracy: International Evidence on Corporate Social Responsibility Disclosure (2012)Environmental Externalities and Cost of Capital (2014)Mandatory CSR and sustainability reporting: economic analysis and literature review (2021)Mergers and the Market for Corporate Control (1965)Takeover Bids, The Free-Rider Problem, and the Theory of the Corporation (1980)A Survey of Corporate Governance (1997)Law and Finance (1998)Corporate Ownership Around the World (1999)The Nature of the Firm (1937)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Separation of Ownership and Control (1983)Corporate financing and investment decisions when firms have information that investors do not have (1984)Risk, Return, and Equilibrium: Empirical Tests (1973)On Persistence in Mutual Fund Performance (1997)How do family ownership, control and management affect firm value? (2005)The Impact of Corporate Sustainability on Organizational Processes and Performance (2014)Predicting Exit, Voice, Loyalty, and Neglect (1989)Why Do Some Occupations Pay More than Others? Social Closure and Earnings Inequality in the United States (2002)Unions, Norms, and the Rise in U.S. Wage Inequality (2011)Managerial incentives and risk-taking☆ (2005)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
  • 1968FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY14,869 cited
  • 1974ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES*10,779 cited
  • 1986Large Shareholders and Corporate Control8,403 cited
  • 2003Corporate Governance and Equity Prices6,115 cited
  • 1980Financial Ratios and the Probabilistic Prediction of Bankruptcy6,005 cited
  • 2011Does the stock market fully value intangibles? Employee satisfaction and equity prices2,504 cited
  • 1984What do unions do2,445 cited
  • 2008Forecasting Default with the Merton Distance to Default Model2,220 cited
  • 2010The impact of corporate social responsibility on the cost of bank loans2,099 cited
  • 2003Institutional Investors and Executive Compensation2,012 cited
  • 2008Back to the Beginning: Persistence and the Cross‐Section of Corporate Capital Structure1,846 cited
  • 2003Founding family ownership and the agency cost of debt1,813 cited
  • 2000Corporate governance proposals and shareholder activism: the role of institutional investors1,776 cited
  • 2013Corporate social responsibility and stakeholder value maximization: Evidence from mergers

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1,654 cited
  • 2006The effects of corporate governance on firms’ credit ratings1,320 cited
  • Cited by

    • 2018What Do Employees Know? Evidence from a Social Media Platform214 cited
    • 2018The cross-section of labor leverage and equity returns196 cited
    • 2014Distressed Firm and Bankruptcy Prediction in an International Context: A Review and Empirical Analysis of Altman's Z-Score Model188 cited
    • 2015Employee rights and acquisitions176 cited
    • 2017Firm network structure and innovation174 cited
    • 2011Employee ownership, board representation, and corporate financial policies162 cited
    • 2017Employee representation and financial leverage142 cited
    • 2020Stakeholder Orientation and the Cost of Debt: Evidence from State-Level Adoption of Constituency Statutes131 cited
    • 2012Negotiating with Labor under Financial Distress125 cited
    • 2017Labor Unions and Income Smoothing107 cited
    • 2011Do Managers Withhold Good News from Labor Unions?104 cited
    • 2018Capital Structure and a Firm's Workforce103 cited
    • 2017Bankruptcy and the Cost of Organized Labor: Evidence from Union Elections91 cited
    • 2020Corporate social responsibility and cost of financing—The importance of the international corporate governance system72 cited
    • 2016Organized Labor and Debt Contracting: Firm-Level Evidence from Collective Bargaining64 cited
    • 2016Outside employment opportunities, employee productivity, and debt discipline63 cited