Criminals, bankruptcy, and cost of debt
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DOI: 10.1007/s11142-021-09608-6
Abstract: We examine whether criminal records of CEOs and rank-and-file employees are associated with firms’ likelihood of bankruptcy, and whether lenders adjust their required cost of debt accordingly. We use a nationwide sample of private firms… read more here.
Keywords: criminal records; bankruptcy; criminals bankruptcy; cost debt ... See more keywords