Tewari, Manish - In: Verslas: Teorija ir praktika / Business: Theory and Practice 19 (2018), pp. 331-341
We analyse security design parameters of 1,115 high yield (HY) and investment grade (IG) event risk covenants (ERC) protected issues between 1986 and 2012 from the agency conflict perspective. We find positive and significant stock price reaction to the issuance of HY but not the IG issues....