We examine the use of key employee retention plans (KERPs) in bankrupt Firms in Chapter 11 bankruptcy are more likely to offer retention and incentive bonuses to managers when creditors have greater c...
【Speaker】Cristina Fuentes-Albero, Economist，Board of Governors of the Federal Reserve System
【Topic】The Macroeconomic Implications of Financial and Uncertainty Shocks
【Time】 Friday, October 25,...
This paper examines the investments and performance of enterprises that are funded by government-sponsored venture capitalists (GVCs) and/or private venture capitalists (PVCs). Using a large internati...
【Speaker】 Guangzhong Liu, Deputy director of China's Ministry of Finance Accounting Department, and Secretary General of Chinese Accounting Association
【Topic】 China accounting reform an...
【CV】Chun-Hung Chen received his Ph.D. degree in Engineering Sciences from Harvard University in 1994. He is currently a Professor at George Mason University and National Taiwan University. Dr. Chen ...
This paper links firms’ endogenous quality choice to worker effort and efficiency wages. The model generates two distinct features: effort is rewarded and quality is rewarded. Then firms with higher ...
