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Endogenous debt maturity : liquidity risk vs. default risk
Manuelli, Rodolfo E.; Sanchez, Juan M. - 2018
Persistent link: https://www.econbiz.de/10011950510
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Contingent claims analysis in corporate finance
Crouhy, Michel; Galai, Dan; Wiener, Zvi - In: Options - 45 years since the publication of the …, (pp. 495-520). 2023
Persistent link: https://www.econbiz.de/10014366691
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Downside risk and defaultable bond returns
Liang, Xinting; Yang, Baochen; Su, Yunpeng; An, Yunbi - In: Journal of management science and engineering 6 (2021) 1, pp. 99-110
This paper analyzes the influence of downside risk on defaultable bond returns. By introducing a defaultable bond …-trading model, we show that the decline in market risk tolerance and information accuracy leads to trading loss under downside … conditions. Our empirical analysis indicates that downside risk can explain a large proportion of the variation in yield spreads …
Persistent link: https://www.econbiz.de/10013206142
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Leverage, default risk, and the cross-section of equity and firm returns
Hood, Frederick M. - In: Modern economy 7 (2016) 14, pp. 1610-1639
Persistent link: https://www.econbiz.de/10011647971
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Lessons unlearned? : corporate debt in emerging markets
Alfaro, Laura; Asis, Gonzalo; Chari, Anusha; Panizza, Ugo - 2017
Persistent link: https://www.econbiz.de/10011901544
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Three essays on corporate bonds and their impacts on firms' investment decisions
Fang, Ming - 2006
Persistent link: https://www.econbiz.de/10009267326
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Are corporate default probabilities consistent with the static tradeoff theory?
Hovakimian, Armen; Kayhan, Ayla; Titman, Sheridan - 2011
Persistent link: https://www.econbiz.de/10009296399
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Are corporate default probabilities consistent with the static trade-off theory?
Hovakimian, Armen; Kayhan, Ayla; Titman, Sheridan - In: The review of financial studies 25 (2012) 2, pp. 315-340
Persistent link: https://www.econbiz.de/10009515816
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Firms' rollover risk, capital structure and unequal exposure to aggregate shocks
Haque, Sharjil Muktafi; Varghese, Richard - In: The journal of corporate finance : contracting, … 80 (2023), pp. 1-22
Persistent link: https://www.econbiz.de/10014365672
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Leverage and default in binomial economies : a complete characterization
Fostel, Ana; Geanakoplos, John - In: Econometrica : journal of the Econometric Society, an … 83 (2015) 6, pp. 2191-2229
Persistent link: https://www.econbiz.de/10011431541