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Managerial Stock Ownership and the Maturity Structure of Corporate Debt
This study documents that managerial stock ownership plays an important role in determining corporate debt maturity. Controlling for previously identified determinants of debt maturity and modelingExpand
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Executive Compensation and Corporate Acquisition Decisions
By examining how executive compensation structure determines corporate acquisition decisions, we document a strong positive relation between acquiring managers' equity-based compensation (EBC) andExpand
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Neuronal activities in brain-stem cholinergic nuclei related to tonic activation processes in thalamocortical systems
This study was performed to examine the hypothesis that thalamic- projecting neurons of mesopontine cholinergic nuclei display activity patterns that are compatible with their role in inducing andExpand
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The Pricing of Initial Public Offers of Corporate Straight Debt
This study examines the initial-day and aftermarket price performance of corporate straight debt IPOs. We find that IPOs of speculative grade debt are underpriced like equity IPOs, while those ratedExpand
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Different cellular types in mesopontine cholinergic nuclei related to ponto-geniculo-occipital waves
The only mesopontine neurons previously described as involved in the transfer of ponto-geniculo-occipital (PGO) waves from the brain stem to the thalamus were termed PGO-on bursting cells. We haveExpand
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Bond and Stock Market Response to Unexpected Earnings Announcements
This study examines whether earnings changes convey information in bond markets and finds a significant positive (negative) reaction to unexpected earnings increases (decreases). The results areExpand
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Product market power, industry structure, and corporate earnings management
This is the first study to establish a link between product market power of firms and the degree of earnings management. We hypothesize and document a significant and robust association between (a) aExpand
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Bank monitoring and the pricing of corporate public debt 1 We thank Atul Gupta, Robyn McLaughlin, Ti
We examine whether the existence of a bank/firm relationship lowers the cost of public debt financing. Using a sample of first public straight debt o⁄ers, we test the crossmonitoring e⁄ect of bankExpand
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Some Evidence on the Uniqueness of Initial Public Debt Offerings
Debt initial public offerings (IPOs) represent a major shift in a firm's financing policy by both extending debt maturity and altering the public-private debt mix. In contrast to findings forExpand
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Value creation in corporate asset sales: The role of managerial performance and lender monitoring
Abstract Examining stockholder and bondholder wealth of acquirers and sellers, we find that asset sales are firm value enhancing for the seller but value neutral for the acquirer. AlthoughExpand
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