NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Credit Default Swaps, Agency Problems, and Management Incentives

Jongsub Lee, Junho Oh, David Yermack

NBER Working Paper No. 24064
Issued in November 2017

---- Acknowledgments ----

Part of this paper was written while David Yermack was serving as a Visiting Professor at Erasmus University Rotterdam. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

---- Disclosure of Financial Relationships for David Yermack ----

Part of this paper was written while serving as a Visiting

Professor at Erasmus University Rotterdam.

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