Essence of CEO Inside Debt

I examine the effect of CEO pension and deferred compensation, commonly known as CEO inside debt, on corporate cash holdings, as measured by the ratio of cash and marketable securities to net assets. Utilizing a sample of EXECUCOMP firms over the period of 2006 to 2008, I find a positive relation between the corporate cash holdings and CEO inside debt. I also find that cash increases have a more positive valuation effect for firms with high levels of CEO inside debt relative to those with low levels of CEO inside debt.

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Publication Details

Journal
Journal of Finance Issues
Published
2024-09-30
DOI
https://doi.org/10.58886/jfi.v22i2.8305
Primary Topic
Financial Reporting and Valuation Research
Type
article
Field-Weighted Citation Impact
0.00
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article

Essence of CEO Inside Debt

Nilakshi Borah
Journal of Finance Issues
Financial Reporting and Valuation Research
article

Essence of CEO Inside Debt

Nilakshi Borah
article en

Abstract

I examine the effect of CEO pension and deferred compensation, commonly known as CEO inside debt, on corporate cash holdings, as measured by the ratio of cash and marketable securities to net assets. Utilizing a sample of EXECUCOMP firms over the period of 2006 to 2008, I find a positive relation between the corporate cash holdings and CEO inside debt. I also find that cash increases have a more positive valuation effect for firms with high levels of CEO inside debt relative to those with low levels of CEO inside debt.

Journal of Finance IssuesVol. 22(2)
University of Wisconsin–La Crosse (US)
Openalex Percentile: Top 56%
Financial Reporting and Valuation Research
DOIOpen Access PDFOpenAlex
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Essence of CEO Inside Debt — Nilakshi Borah · Journal of Finance Issues (2024) | TGRS Research Map | TGRS