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Credit Risk And Corporate Governance, Olivier Mugisho Mudekereza
Credit Risk And Corporate Governance, Olivier Mugisho Mudekereza
Theses and Dissertations
Is the executive’s compensation structure influenced by the credit rating assigned to his company? I analyze a panel of U.S. public firms using the random-effects and fixed-effects estimations. Compared to firms with lower credit risk, I find that firms facing higher probability of default provide more incentives for their CEOs.