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CEO Ownership, Leasing, and Debt Financing - CEO ownership, as measured by the fraction of common shares owned by the firm's chief executive officer, is positively related to the firm's leasing and debt financing activity. CEOs have their firms engage in leasing to reduce their exposure to obsolescence and other asset-specific risks
Mehran, Hamid
;
Taggart, Robert A.
;
Yermack, David
- In:
Financial management
28
(
1999
)
2
,
pp. 5-14
Persistent link: https://www.econbiz.de/10005965197
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