-
![]()
49
-
Debt covenants and accounting conservatism.pdf
- Debt covenants and accounting conservatismDebt covenants and accounting conservatismDebt covenants and accounting conservatism
-
-
![]()
41
-
corporate debt value, bond covenants, and optimal capital structure.pdf
- 企业债务价值 债券 目标资本结构
-
1篇相似文档
-
![]()
46
-
Covenants and Collateral as Incentives to Monitor - Facultyastoand.pdf
- Covenants and Collateral as Incentives to Monitor - Faculty
-
-
![]()
9
-
Use of Covenants An Empirical Analysis of Venture Partnership Agreements.pdf
- Use of Covenants An Empirical Analysis of Venture Partnership AgreementsUse of Covenants An Empirical Analysis of Venture Partnership AgreementsUse of Covenants An Empirical Analysis of Venture Partnership Agreements
-
-
![]()
40
-
Debt Covenants and Accounting Conservatism:债务契约与会计稳健性.pdf
- Debt Covenants and Accounting Conservatism：债务契约与会计稳健性债务,稳健,会计,会计稳健性,债务契约,Debt,and,稳健会计,And,债务契约与
-
-
![]()
17
-
The effect of liquidity and solvency risk on the inclusion of bond covenants.pdf
- The effect of liquidity and solvency risk on the inclusion of bond covenants
-
-
![]()
61
-
Convertible Bond Underpricing: Renegotiable Covenants, Seasoning and Convergence.pdf
- We investigate the long-standing puzzle on the underpricings of convertible bonds. We hypothesize that the observed underpricing is induced by the possibility that a convertible bond might renegotiate on some of its covenants, e.g., an imbedded put option, in financial difficulties. Consistent with our hypothesis, we find that the initial underpricing is larger for lower rated bonds. The underpricing worsens if the issuer experiences subsequent financial difficulties. However, conditional on no rating downgrades, our main empirical result shows that convertible bond prices do converge to their theoretical prices within two years. This seasoning period is shorter for higher rated convertible bonds.
-
向豆丁求助：有没有covenants?
