I contribute to the literature by formally modeling the indirect bankruptcy costs for a firm that sells durable goods. Consumers concerned about warranties or future product services penalize the distressed firm by putting off purchases or leaving...
This thesis examines the decision of European firms to issue convertible bonds, theirsubsequent corporate call policy, and whether this differs from the theoretical optimal call policy. The analysis was divided into two parts: Part I focused on th...
In the first chapter titled "CEOs’ Capital Gains Tax Liabilities and Accounting Conservatism", I study whether CEOs’ tax liability affect conservative accounting policy. Recent studies show that the tax-induced lock-in effect discourages CEOs’ to ...
