Now showing items 1-3 of 3

    • Accountability of independent directors: Evidence from firms subject to securities litigation 

      Brochet, Francois; Srinivasan, Suraj (Elsevier, 2014)
      We examine which independent directors are held accountable when investors sue firms for financial- and disclosure-related fraud. Investors can name independent directors as defendants in lawsuits, and they can vote against ...
    • A Comparative-Advantage Approach to Government Debt Maturity 

      Greenwood, Robin Marc; Hanson, Samuel Gregory; Stein, Jeremy C. (Wiley-Blackwell, 2015-02-19)
      We study optimal government debt maturity in a model where investors derive monetary services from holding riskless short-term securities. In a setting where the government is the only issuer of such riskless paper, it ...
    • Securitization without Adverse Selection: The Case of CLOs 

      Benmelech, Effi; Dlugosz, Jennifer; Ivashina, Victoria (Elsevier, 2013-11-25)
      In this paper, we investigate whether securitization was associated with risky lending in the corporate loan market by examining the performance of individual loans held by CLOs. We employ two different datasets that ...