Managerial Stock Ownership and the Maturity Structure of Corporate Debt

By Sudip Datta, Mai Iskandar-Datta, K. Raman. 2005

446 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/8ee5a5eb0dde406733ec45c05b76f252a14998b8

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Wael Rouatbi
2. Ebraheem Saleem Salem Alzoubi
3. Mª Fuensanta Cutillas Gomariz
4. Hamdi Ben-Nasr
5. M. Benlemlih
6. J. Ballesta
7. Sabri Boubaker

In Strategy and Management

1. Ebraheem Saleem Salem Alzoubi
2. Mª Fuensanta Cutillas Gomariz
3. Wael Rouatbi
4. Hamdi Ben-Nasr
5. M. Benlemlih
6. J. Ballesta
7. Sabri Boubaker
8. Diogenis Baboukardos

Citations in the corpus

• Corporate Boards and the Leverage and Debt Maturity Choices (2007, unknown): “Finally, DeAngelo et al. (2002) provide a case study illustrating the importance of short-term debt in properly constraining managers.”
• Corporate Ownership Structure and the Choice Between Bank Debt and Public Debt (2013, unknown): “As shown in the banking literature, both short debt maturity and high collateral requirements increase banks’ monitoring incentives and enhance monitoring intensity (Rajan and Winton, 1995; Park, 2000; Stulz, 2000; Datta et al., 2005).”
• Family Control and Financing Decisions (2011, unknown): “, asset maturity, growth opportunities, and firm size), Datta et al. (2005) show that managerial stock ownership plays an important role in determining corporate debt maturity.”
• CEO Overconfidence and Corporate Debt Maturity (2016, unknown): “We use four different proxies for liquidity risk, namely Leverage (Diamond (1991)), Asset Return Volatility (Johnson (2003)), EBITDA Volatility and Non-Investment Grade Dummy (Datta et al. (2005)).”
• Corporate Social Responsibility and Firm Debt Maturity (2015, background): “For example, Datta et al. (2005) show that managerial stock ownership plays an important role in determining corporate debt maturity, El Ghoul et al.”
• Financial reporting quality, debt maturity and investment efficiency (2014, background): “For instance, whereas in our sample the average value of short-term debt to total liabilities is greater than 60%, in U.S. companies this percentage is around 22% (Datta et al., 2005).”
• Audit quality, debt financing, and earnings management: Evidence from Jordan (2017, background): “Datta et al. (2005) documented that managers with additional share ownership in their companies utilise further short-maturity debt, which was argued as being in accordance with managers readily exposing themselves as well as their companies to additional monitoring.”
• Ownership structure, control contestability, and corporate debt maturity (2015, methodology): “Smaller firms, however, are more likely to be screened out by the long-term debt market because of their higher degree of asymmetric information and higher risk of agency problems between shareholders and debtholders, which reduces their credit quality (Datta et al., 2005; Diamond, 1991).”