CEO Market Heterogeneity, Firm’s Recruiting Ability and Credit Risk—Structured-form model perspective

碩士 === 國立臺灣大學 === 財務金融學研究所 === 100 === Taylor (2010) displays that CEO ability and the capability of the board in understanding CEO ability affect the timing of replacing CEO. This study investigates their effects on firm credit risk. We use North America bond data to investigate the relationship be...

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Main Authors:	Wen-Hsuan Chen, 陳玟璇
Other Authors:	廖咸興
Format:	Others
Language:	en_US
Published:	2012
Online Access:	http://ndltd.ncl.edu.tw/handle/08994886699039651596

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spelling	ndltd-TW-100NTU053040142015-10-13T21:45:44Z http://ndltd.ncl.edu.tw/handle/08994886699039651596 CEO Market Heterogeneity, Firm’s Recruiting Ability and Credit Risk—Structured-form model perspective 從結構型模型觀點探討執行長人力市場異質性、公司識才能力與公司信用風險之關係 Wen-Hsuan Chen 陳玟璇碩士國立臺灣大學財務金融學研究所 100 Taylor (2010) displays that CEO ability and the capability of the board in understanding CEO ability affect the timing of replacing CEO. This study investigates their effects on firm credit risk. We use North America bond data to investigate the relationship between firm credit risk, CEO ability and the board capability in understanding management ability. We find that both affect a firm’s credit risk. The higher CEO ability heterogeneity of a firm’s industry is, the lower is the firm’s credit risk. Higher recruiting ability also enhances firm credit quality. The results are robust when controlling well known yield spread determinant variables and firm credit ratings. 廖咸興 2012 學位論文 ; thesis 40 en_US
collection	NDLTD
language	en_US
format	Others
sources	NDLTD
description	碩士 === 國立臺灣大學 === 財務金融學研究所 === 100 === Taylor (2010) displays that CEO ability and the capability of the board in understanding CEO ability affect the timing of replacing CEO. This study investigates their effects on firm credit risk. We use North America bond data to investigate the relationship between firm credit risk, CEO ability and the board capability in understanding management ability. We find that both affect a firm’s credit risk. The higher CEO ability heterogeneity of a firm’s industry is, the lower is the firm’s credit risk. Higher recruiting ability also enhances firm credit quality. The results are robust when controlling well known yield spread determinant variables and firm credit ratings.
author2	廖咸興
author_facet	廖咸興 Wen-Hsuan Chen 陳玟璇
author	Wen-Hsuan Chen 陳玟璇
spellingShingle	Wen-Hsuan Chen 陳玟璇 CEO Market Heterogeneity, Firm’s Recruiting Ability and Credit Risk—Structured-form model perspective
author_sort	Wen-Hsuan Chen
title	CEO Market Heterogeneity, Firm’s Recruiting Ability and Credit Risk—Structured-form model perspective
title_short	CEO Market Heterogeneity, Firm’s Recruiting Ability and Credit Risk—Structured-form model perspective
title_full	CEO Market Heterogeneity, Firm’s Recruiting Ability and Credit Risk—Structured-form model perspective
title_fullStr	CEO Market Heterogeneity, Firm’s Recruiting Ability and Credit Risk—Structured-form model perspective
title_full_unstemmed	CEO Market Heterogeneity, Firm’s Recruiting Ability and Credit Risk—Structured-form model perspective
title_sort	ceo market heterogeneity, firm’s recruiting ability and credit risk—structured-form model perspective
publishDate	2012
url	http://ndltd.ncl.edu.tw/handle/08994886699039651596
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CEO Market Heterogeneity, Firm’s Recruiting Ability and Credit Risk—Structured-form model perspective

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