Abstract The article traces a hitherto-neglected form of political obligation, one that resulted from national debt and relied on creditors’ self-interest. Eighteenth-century commentators argued William III had introduced public borrowing to gain support the people maintain Revolution Settlement. This claim was first made by tories became staple argument opposition authors. Around middle eighte...

The Greek crisis began in November 2009, triggered by the turmoil of global Great Recession, structural weaknesses economy, and a lack monetary policy flexibility as member Eurozone. Since that time, Greece's economy has started to deteriorate due growing debt load an unmanageable deficit are having impact on national security. Thus, this study examined Greece’s security using secondary data fr...

Financial innovation vis-à-vis economic policy uncertainty (EPU) without due regards being given to debt financing. This paper fills this gap and unveils the dynamic role of national culture in defining financing via EPU. We use a sample 3831 non-financial firms Asian economies employ System Generalized Method Moments estimate regression coefficients. Our findings reveal an inverse relationship...

Motivated by concerns that stock-based compensation might lead to excessive risk-taking, this paper examines the relations between CEO incentives and the cost of debt. Unlike prior research, this paper uses the sensitivities of CEO stock and option portfolios to stock price (delta) and stock return volatility (vega) to measure CEO incentives. Higher delta (vega) is predicted to be related to le...