کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5086534 | 1478183 | 2016 | 52 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
The association between corporate general counsel and firm credit risk
ترجمه فارسی عنوان
ارتباط بین وکلای عمومی شرکت و خطر اعتبار شرکت
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
مدیریت، کسب و کار و حسابداری
حسابداری
چکیده انگلیسی
This paper examines whether bond market participants alter their credit risk assessments of firms that appoint the corporate general counsel (GC) to senior management. GCs may place less emphasis on their gatekeeping responsibilities upon appointment to senior management, thus potentially resulting in increased firm credit risk. Using changes in firm-level credit ratings and credit default swap spreads to proxy for changes in credit risk, we find a positive association between GC promotions to senior management and increases in firm credit risk. Additionally, the increased personal liability for GCs under the Sarbanes-Oxley Act only partially mitigates this association.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Accounting and Economics - Volume 61, Issues 2â3, AprilâMay 2016, Pages 274-293
Journal: Journal of Accounting and Economics - Volume 61, Issues 2â3, AprilâMay 2016, Pages 274-293
نویسندگان
Charles Ham, Kevin Koharki,