Abstract
ABSTRACT This study explores how the relationship between geopolitical risk and firms’ debt ratio is moderated by the level of executives’ cash compensation. The study shows that firms with higher levels of executive cash compensation dampen the adverse effects of geopolitical risk on their debt ratios. These results remain robust across various measures of capital structure and estimation methods, highlighting the importance of executive pay structures in shaping firms’ responses to geopolitical risk.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
