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Bond issuance as reputational signal : debunking the negative perception of additional liability

Sheng, Dachen; Montgomery, Heather A. - In: International Journal of Financial Studies : open … 11 (2023) 4, pp. 1-19

This paper examines the determinants of bond issuance in the Chinese market and the influence of capital structure … Chinese market, in particular the involvement of the financial authority permission process during bond issuance, enhance the … of both bond and nonbond direct finance. We interpret this as bond issuance approval serving as a signal to markets of an …

Persistent link: https://www.econbiz.de/10014484204

Financing investment : the choice between bonds and bank loans

Morellec, Erwan; Valta, Philip; Zhdanov, Alexei - In: Management science : journal of the Institute for … 61 (2015) 11, pp. 2580-2602

Persistent link: https://www.econbiz.de/10011409076

Agency costs, bank specialness and renegotiation

Bharath, Sreedhar T. - 2002

Persistent link: https://www.econbiz.de/10003385096

A note on the valuation of risky corporate bonds

Schöbel, Rainer - 1997

Simple formulas for the price of corporate discount and coupon bonds are found using the Longstaff and Schwartz valuation approach for the debt claims of a firm, where default is triggered by a special State variable: the firm's asset-to-debt-ratio. Instead of keeping the total amount of debt...

Persistent link: https://www.econbiz.de/10010404262