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Insolvency Resolution and the Missing High Yield Bond Markets
Becker, Bo - 2013
In many countries, bankruptcy is associated with low recovery by creditors. We develop a model of corporate credit … markets in such an environment. Corporate credit is provided by either a bond market or risk-averse banks. Restructuring of …-country and using insolvency reforms as natural experiments. Our empirical estimates suggest that a one …
Persistent link: https://www.econbiz.de/10013076562
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Insolvency Resolution and the Missing High Yield Bond Markets
Becker, Bo - 2016
In many countries, bankruptcy is associated with low recovery by creditors. We develop a model of corporate credit … markets in such an environment. Corporate credit is provided by either a bond market or risk-averse banks. Restructuring of …-country and using insolvency reforms as natural experiments. Our empirical estimates suggest that a one …
Persistent link: https://www.econbiz.de/10013007223
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Insolvency resolution and the missing high yield bond markets
Becker, Bo; Josephson, Jens - 2013
Persistent link: https://www.econbiz.de/10010188575
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Securities laws and the choice between loans and bonds for highly levered firms
Prilmeier, Robert; Stulz, René M. - 2019
In contrast to bonds, cov-lite loans do not require SEC registration and are not subject to securities laws. We show that this distinction plays an important role in firms' choice between funding through cov-lite loans and bonds and helps understand why the market share of cov-lite loans has...
Persistent link: https://www.econbiz.de/10012101811
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Insolvency Resolution and the Missing High Yield Bond Markets
Becker, Bo - 2013
In many countries, bankruptcy is associated with low recovery by creditors. We develop a model of corporate credit … markets in such an environment. Corporate credit is provided by either a bond market or risk-averse banks. Restructuring of …-country and using insolvency reforms as natural experiments. Our empirical estimates suggest that a one …
Persistent link: https://www.econbiz.de/10012459246
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Default clauses in debt contracts
Li, Ningzhong; Lou, Yun; Vasvari, Florin P. - In: Review of accounting studies 20 (2015) 4, pp. 1596-1638
Persistent link: https://www.econbiz.de/10011396659
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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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Modeling ultimate loss given default on corporate debt
Jacobs, Michael <Jr.>; Karagozoglu, Ahmet K. - In: The journal of fixed income 21 (2011) 1, pp. 6-20
Persistent link: https://www.econbiz.de/10009314976
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Banks' pooling of corporate debt : an application of the restated diversification theorem
Lundtofte, Frederik - In: The North American journal of economics and finance : a … 31 (2015), pp. 249-263
Persistent link: https://www.econbiz.de/10011514232
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A simple approach to estimate recovery rates with APR violation from debt spreads
Unal, Haluk (contributor); Madan, Dilip B. (contributor);  … - 2001 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001576030