CFOs’ Incentives and Debt Financing
碩士 === 國立雲林科技大學 === 財務金融系 === 105 === This study investigates the effect of Cheief financial officers’（CFOs’） risk-taking incentives on corporate financial policies. The sample includes S&P 500 firms over year 2006 to 2012. The results show that the risk-taking incentives of CFOs does not signif...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2017
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| Online Access: | http://ndltd.ncl.edu.tw/handle/rw65k4 |
| Summary: | 碩士 === 國立雲林科技大學 === 財務金融系 === 105 === This study investigates the effect of Cheief financial officers’（CFOs’） risk-taking incentives on corporate financial policies. The sample includes S&P 500 firms over year 2006 to 2012. The results show that the risk-taking incentives of CFOs does not significantly relate to capital structure decision. However, the risk-taking incentives of CFOs significantly influence their firms’ financing policies. We find CFOs’ risk-decreasing（-increasing） incentives are associated with safer（risker） debt-maturity choices.
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