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The Maturity of Debt Issues and Predictable Variation in Bond Returns
16 references·16 citing·33 second hopsampled
The Maturity of Debt Issues and Predictable Variation in Bond Returns (2001)The Maturity of Debt Issues and Predictab…The Econometrics of Financial Markets (2012)The Econometrics of Financial…The cost of capital, corporation finance and the theory of investment (2008)The cost of capital, corporat…Market Timing and Capital Structure (2002)Market Timing and Capital Str…The theory and practice of corporate finance: evidence from the field (2001)The theory and practice of co…The New Issues Puzzle (1995)The New Issues PuzzleInsiders and Outsiders: The Choice between Informed and Arm's-Length Debt (1992)Insiders and Outsiders: The C…The Long‐Run Performance of initial Public Offerings (1991)The Long‐Run Performance of i…Why Does Stock Market Volatility Change Over Time? (1989)Why Does Stock Market Volatil…Efficient Capital Markets, Inefficient Firms: A Model of Myopic Corporate Behavior (1989)Efficient Capital Markets, In…Business conditions and expected returns on stocks and bonds (1989)Business conditions and expec…Expected stock returns and volatility (1987)Expected stock returns and vo…An intertemporal asset pricing model with stochastic consumption and investment opportunities (1979)An intertemporal asset pricin…Determinants of corporate borrowing (1977)Determinants of corporate bor…The arbitrage theory of capital asset pricing (1976)The arbitrage theory of capit…An Intertemporal Capital Asset Pricing Model (1973)An Intertemporal Capital Asse…The Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Cost of Capital, Corporat…Collateral Eligibility of Corporate Debt in the Eurosystem (2020)Collateral Eligibility of Cor…Kicking Maturity Down the Road: Early Refinancing and Maturity Management in the Corporate Bond Market (2017)Kicking Maturity Down the Roa…The Determinants of Long-Term Debt Issuance by European Banks: Evidence of Two Crises (2016)The Determinants of Long-Term…Strategic Disclosure Timing and Insider Trading (2014)Strategic Disclosure Timing a…Systematic Risk, Debt Maturity, and the Term Structure of Credit Spreads (2012)Systematic Risk, Debt Maturit…Systematic Risk, Debt Maturity, and the Term Structure of Credit Spreads (2012)Systematic Risk, Debt Maturit…Why Issue Bonds Offshore? (2010)Why Issue Bonds Offshore?The Riskiness of Corporate Bonds (2010)The Riskiness of Corporate Bo…Borrow Cheap, Buy High? The Determinants of Leverage and Pricing in Buyouts (2010)Borrow Cheap, Buy High? The D…Foreign currency-denominated borrowing in the absence of operating incentives☆ (2007)Foreign currency-denominated …Bond Supply and Excess Bond Returns (2007)Bond Supply and Excess Bond R…Can Managers Successfully Time the Maturity Structure of Their Debt Issues? (2006)Can Managers Successfully Tim…The Two Faces of Analyst Coverage (2005)The Two Faces of Analyst Cove…World Markets for Raising New Capital (2004)World Markets for Raising New…Why Are Most Funds Open-End? Competition and the Limits of Arbitrage (2004)Why Are Most Funds Open-End? …Are Firms Successful at Selectively Hedging? (2003)Are Firms Successful at Selec…Specification Tests in Econometrics (1978)Autoregressive Conditional Heteroscedasticity with Estimates of the Variance of United Kingdom Inflation (1982)Generalized autoregressive conditional heteroskedasticity (1986)Conditional Heteroskedasticity in Asset Returns: A New Approach (1991)On the Relation between the Expected Value and the Volatility of the Nominal Excess Return on Stocks (1993)Illiquidity and stock returns: cross-section and time-series effects (2002)Dividend Policy, Growth, and the Valuation of Shares (1961)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)The Capital Structure Puzzle (1984)A Survey of Corporate Governance (1997)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Financial Intermediation and Delegated Monitoring (1984)Common risk factors in the returns on stocks and bonds (1993)Two Agency-Cost Explanations of Dividends (1984)What Do We Know about Capital Structure? Some Evidence from International Data (1995)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)The Pricing of Options and Corporate Liabilities (1973)Law and Finance (1998)The relationship between return and market value of common stocks (1981)Industry costs of equity (1997)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Corporate financing and investment decisions when firms have information that investors do not have (1984)The Cross-Section of Expected Stock Returns (1992)Managing with Style: The Effect of Managers on Firm Policies (2003)Law, finance, and economic growth in China (2005)The economic implications of corporate financial reporting (2005)The Economic Costs of Conflict: A Case Study of the Basque Country (2003)Giving Content to Investor Sentiment: The Role of Media in the Stock Market (2007)Market Liquidity and Funding Liquidity (2008)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)
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References

  • 1958The Cost of Capital, Corporation Finance and the Theory of Investment14,494 cited
  • 1977Determinants of corporate borrowing13,160 cited
  • 2008The cost of capital, corporation finance and the theory of investment8,614 cited
  • 1976The arbitrage theory of capital asset pricing7,081 cited
  • 1973An Intertemporal Capital Asset Pricing Model6,557 cited
  • 2001The theory and practice of corporate finance: evidence from the field5,947 cited
  • 2012The Econometrics of Financial Markets5,875 cited
  • 1987Expected stock returns and volatility4,147 cited
  • 1989Business conditions and expected returns on stocks and bonds3,934 cited
  • 1992Insiders and Outsiders: The Choice between Informed and Arm's-Length Debt3,902 cited
  • 2002Market Timing and Capital Structure3,804 cited
  • 1995The New Issues Puzzle3,550 cited
  • 1991The Long‐Run Performance of initial Public Offerings3,500 cited
  • 1989Why Does Stock Market Volatility Change Over Time?3,433 cited
  • 1979An intertemporal asset pricing model with stochastic consumption and investment opportunities2,694 cited
  • 1989

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Efficient Capital Markets, Inefficient Firms: A Model of Myopic Corporate Behavior
2,585 cited

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