Conferences - Seminars
19MAR
12:15-13:15
Extranef building, room 126
Why do CEOs pledge their own company's stock?
Between 2007 and 2016, approximately 7.6% of U.S. firms disclosed that their CEOs had pledged company stock as collateral for a loan. On average, CEOs pledge 38% of their shares. The mean dollar value of margin loans is an economically sizeable $65 million. CEOs use the funds to either double down, hedge their ownership, or ...
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By Kornelia FABISIK (PhD candidate, SFI@EPFL)