BEGIN:VCALENDAR PRODID:-//eluceo/ical//2.0/EN VERSION:2.0 CALSCALE:GREGORIAN BEGIN:VEVENT UID:16c8da4bcefaf65c94f97d62f319fbbb DTSTAMP:20261001T064534Z SUMMARY:Brownbag Lunch with Hue Hwa Au Yong DESCRIPTION: \n\nWe investigate whether executive compensation can serve as a\ngovernance mechanism for reducing debt covenant violations. We show\nt hat firms are significantly less likely to violate debt covenants\nwhen th eir CEOs hold more inside debt (defined-benefit pensions and\ndeferred com pensation) relative to equity.\n DTSTART:20261005T160000Z DTEND:20261005T170000Z LOCATION:Gerri C. LeBow Hall\, 3220 Market Street\, 1139\, Philadelphia\, P A 19104 END:VEVENT END:VCALENDAR