Similar Search Results

Liquidation values and debt capacity : a market equilibrium approach

Shleifer, Andrei - In: The journal of finance : the journal of the American … 47 (1992) 4, pp. 1343-1366

Persistent link: https://www.econbiz.de/10001133692

Diagnostic expectations and credit cycles

Bordalo, Pedro; Gennaioli, Nicola; Shleifer, Andrei - 2016

Persistent link: https://www.econbiz.de/10011493743

Diagnostic Expectations and Credit Cycles

Bordalo, Pedro - 2016

We present a model of credit cycles arising from diagnostic expectations – a belief formation mechanism based on … nest rational expectations as a special case. In our model of credit cycles, credit spreads are excessively volatile, over …-react to news, and are subject to predictable reversals. These dynamics can account for several features of credit cycles and …

Persistent link: https://www.econbiz.de/10012991686

Diagnostic expectations and stock returns

Bordalo, Pedro; Gennaioli, Nicola; La Porta, Rafael; … - 2017

Persistent link: https://www.econbiz.de/10011744062

Diagnostic Expectations and Credit Cycles

Bordalo, Pedro - 2016

We present a model of credit cycles arising from diagnostic expectations - a belief formation mechanism based on … nest rational expectations as a special case. In our model of credit cycles, credit spreads are excessively volatile, over …-react to news, and are subject to predictable reversals. These dynamics can account for several features of credit cycles and …

Persistent link: https://www.econbiz.de/10012456409

Costs of financial distress, delayed calls of convertible bonds, and the role of investment banks

Jaffee, Dwight M.; Shleifer, Andrei - 1988

Persistent link: https://www.econbiz.de/10000753893

Costs of financial distress, delayed calls of convertible bonds, and the role of investment banks

Jaffee, Dwight M.

Persistent link: https://www.econbiz.de/10001274010

Costs of Financial Distress, Delayed Calls of Convertible Bonds, and the Role of Investment Banks

Shleifer, Andrei - 2010

In a frictionless market with perfect information, a shareholder-wealth- maximizing firm should force conversion of its convertible bond issue into stock as soon as the bond comes in-the-money. Firms however appear to systematically delay forced conversion, sometimes for years, beyond this time....

Persistent link: https://www.econbiz.de/10012760209

Costs Of Financial Distress, Delayed Calls Of Convertible Bonds, And The Role Of Investment Banks

Jaffee, Dwight - 1988

Persistent link: https://www.econbiz.de/10012476509

Asset sales and debt capacity

Shleifer, Andrei; Vishny, Robert W. - 1991

Persistent link: https://www.econbiz.de/10000810283

1
2
3
4
5
6
7
8
9
10
Next
Last