Risk-Shifting Problem is a managerial incentive distortion in corporate finance whereby asset substitution occurs as debt holders bear increased risk due to equity holders' preference for riskier projects post-leverage, undermining stakeholder value in financially distressed firms.
198
Publications
12.4K
Citations
339
Authors
256
Institutions
Publications per year
2017–2026
39
Parents
Publications
198
Risk Shifting and Mutual Fund Performance
Jennifer Huang, Clemens Sialm, Hanjiang Zhang · Review of Financial Studies · 2011 · 459 citations
Empirical Evidence of Risk Shifting in Financially Distressed Firms
Assaf Eisdorfer · The Journal of Finance · 2008 · 371 citations
1–5 of 198
Authors
339
- VV
8
h-index
- LL
6
h-index
- RM
4
h-index
- GD
4
h-index
- CH
3
h-index
1–5 of 339
Institutions
256
National Bureau of Economic Research
Cambridge, United States
16 h-index
24 publications
1.4K citations
Centre for Economic Policy Research
London, United Kingdom
14 h-index
23 publications
1.1K citations
New York University
New York, United States
13 h-index
18 publications
908 citations
European Corporate Governance Institute
Brussels, Belgium
8 h-index
10 publications
435 citations
European Central Bank
Frankfurt am Main, Germany
7 h-index
9 publications
494 citations
University of Pennsylvania
Philadelphia, United States
6 h-index
7 publications
362 citations
City, University of London
London, United Kingdom
5 h-index
6 publications
207 citations
Cornell University
Ithaca, United States
5 h-index
6 publications
373 citations
1–8 of 256
Venues
- SSRN Electronic Journal
Repository · 46 publications · 1.6K citations
23
h-index
- The Journal of Finance
9 publications · 1.2K citations
9
h-index
- Review of Financial Studies
9 publications · 1.6K citations
9
h-index
- Management Science
5 publications · 654 citations
5
h-index
- Journal of Financial and Quantitative Analysis
JFQA · 5 publications · 975 citations
5
h-index
1–5