Inside Debt and Mergers and Acquisitions

By Hieu V. Phan. 2014

138 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/6684e9701591cb4df3b276f056d123b08f81a734

Citations in the corpus

• Shareholder Wealth Consequences of Insider Pledging of Company Stock as Collateral for Personal Loans (2019, unknown): “These studies find that the potential for insiders to lose these fixed claims results in heightened manager risk-aversion (Cassell, Huang, Sanchez and Stuart, 2012; Phan, 2014; Wang, Xie and Xin, 2013; Wei and Yermack, 2011).”
• Failure and success in mergers and acquisitions (2019, unknown): “Phan (2014) confirms that higher inside debt holdings by CEOs result in less risky M&A deals, evidenced by higher bond returns at the M&A announcement and better long-run operating performance (but lower short-run stock returns).”
• Policy Uncertainty and Mergers and Acquisitions (2017, unknown): “They also represent managers’ discretionary risk taking and tend to increase the acquirers’ default risk (Furfine and Rosen (2011), Phan (2014)).”