Hieu V. Phan

TL;DR: The authors examined the relation between government economic policy uncertainty and firm cash holdings and found evidence that policy uncertainty is positively related to firms' precautionary motives and, to a lesser extent, investment delays.

TL;DR: In this paper, the authors exploit Australia's ratification of the Kyoto Protocol, which mandates the country to reduce carbon emissions, thereby exposing Australian firms to increased carbon risk, as a quasi-natural experiment to examine the causal effect of carbon risk on firm capital structure.

TL;DR: This article investigated the relationship between government economic policy uncertainty (EPUE) and trade credit and its value implication for U.S. public firms and found that firms curtail their receivables periods and face shorter payables periods from suppliers during high EPU.

TL;DR: The authors empirically investigate the relation between chief executive officer (CEO) inside debt holdings and mergers and acquisitions (M&As), and find evidence consistent with the agency theory's prediction of a negative relation between CEO inside debt holding and corporate risk taking, and they find evidence that acquirers restructure the postmerger composition of CEO compensation that mirrors their capital structure to alleviate incentives for wealth transfer from shareholders to bondholders or vice versa.