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Should corporate debt include a rating trigger?
16 references·16 citing·25 second hopsampled
Should corporate debt include a rating trigger? (2005)Should corporate debt include a rating tr…The term structure of credit spreads with jump risk (2001)The term structure of credit …An EBIT‐Based Model of Dynamic Capital Structure (2001)An EBIT‐Based Model of Dynami…How Big Are the Tax Benefits of Debt? (2000)How Big Are the Tax Benefits …Modeling Term Structures of Defaultable Bonds (1999)Modeling Term Structures of D…How Big are the Tax Benefits of Debt? (1998)How Big are the Tax Benefits …Agency Costs, Risk Management, and Capital Structure (1998)Agency Costs, Risk Management…A Markov Model for the Term Structure of Credit Risk Spreads (1997)A Markov Model for the Term S…Optimal Capital Structure, Endogenous Bankruptcy, and the Term Structure of Credit Spreads (1996)Optimal Capital Structure, En…Pricing Derivatives on Financial Securities Subject to Credit Risk (1995)Pricing Derivatives on Financ…A Simple Approach to Valuing Risky Fixed and Floating Rate Debt (1995)A Simple Approach to Valuing …On financial contracting (1979)On financial contractingThe Valuation of Corporate Liabilities as Compound Options (1977)The Valuation of Corporate Li…VALUING CORPORATE SECURITIES: SOME EFFECTS OF BOND INDENTURE PROVISIONS (1976)VALUING CORPORATE SECURITIES:…ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)ON THE PRICING OF CORPORATE D…On the Pricing of Corporate Debt: The Risk Structure of Interest Rates (1974)On the Pricing of Corporate D…The Pricing of Options and Corporate Liabilities (1973)The Pricing of Options and Co…Executive compensation and environmental performance: Evidence from CEO inside debt (2022)Executive compensation and en…Bond covenants, bankruptcy risk, and the cost of debt (2020)Bond covenants, bankruptcy ri…The impact of credit ratings on corporate behavior: Evidence from Moody's adjustments (2019)The impact of credit ratings …Do managers withhold bad news from credit rating agencies? (2019)Do managers withhold bad news…Contingent Capital, Tail Risk, and Debt-Induced Collapse (2017)Contingent Capital, Tail Risk…Credit Ratings and Acquisitions (2015)Credit Ratings and Acquisitio…Contingent Convertible Bonds and Capital Structure Decisions (2015)Contingent Convertible Bonds …Executive compensation, risk taking and the state of the economy (2013)Executive compensation, risk …CoCos, Bail-In, and Tail Risk (2013)CoCos, Bail-In, and Tail RiskNegative Hedging: Performance-Sensitive Debt and CEOs’ Equity Incentives (2011)Negative Hedging: Performance…Contingent convertibles. Solving or seeding the next banking crisis? (2011)Contingent convertibles. Solv…Contingent Convertible Bonds and Capital Structure Decisions (2010)Contingent Convertible Bonds …Asymmetric information, firm investment and stock prices (2010)Asymmetric information, firm …The Influence of Differences in Taxable Income and Book Income on the Bond Credit Market (2009)The Influence of Differences …Optimal design of rating-trigger step-up bonds: Agency conflicts versus asymmetric information (2009)Optimal design of rating-trig…Capital Structure, Credit Risk, and Macroeconomic Conditions (2003)Capital Structure, Credit Ris…The Problem of Social Cost (1960)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Corporate financing and investment decisions when firms have information that investors do not have (1984)Financial Intermediation and Delegated Monitoring (1984)A Survey of Corporate Governance (1997)Theory of Rational Option Pricing (1973)The stochastic behavior of common stock variances Value, leverage and interest rate effects (1982)The Determinants of Credit Spread Changes (2001)A Theory of the Term Structure of Interest Rates (1985)Corporate Yield Spreads: Default Risk or Liquidity? New Evidence from the Credit Default Swap Market (2004)Default Risk in Equity Returns (2004)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)A Closed-Form Solution for Options with Stochastic Volatility with Applications to Bond and Currency Options (1993)Theory of rational option pricing (2005)Option pricing when underlying stock returns are discontinuous (1976)Bond Pricing and the Term Structure of Interest Rates: A New Methodology for Contingent Claims Valuation (1992)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)The valuation of options for alternative stochastic processes (1976)An equilibrium characterization of the term structure (1977)The cost of capital, corporation finance and the theory of investment (2008)The theory and practice of corporate finance: evidence from the field (2001)Term Structures of Credit Spreads with Incomplete Accounting Information (2001)Capital Structure and Stock Returns (2004)Environmental risk management and the cost of capital (2008)
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References

  • 1973The Pricing of Options and Corporate Liabilities29,064 cited
  • 1974ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES*10,779 cited
  • 1979On financial contracting2,901 cited
  • 1974On the Pricing of Corporate Debt: The Risk Structure of Interest Rates2,752 cited
  • 1999Modeling Term Structures of Defaultable Bonds2,547 cited
  • 1976VALUING CORPORATE SECURITIES: SOME EFFECTS OF BOND INDENTURE PROVISIONS2,383 cited
  • 1995A Simple Approach to Valuing Risky Fixed and Floating Rate Debt2,090 cited
  • 1996Optimal Capital Structure, Endogenous Bankruptcy, and the Term Structure of Credit Spreads1,962 cited
  • 1995Pricing Derivatives on Financial Securities Subject to Credit Risk1,934 cited
  • 1998Agency Costs, Risk Management, and Capital Structure1,495 cited
  • 2000How Big Are the Tax Benefits of Debt?1,483 cited
  • 1997A Markov Model for the Term Structure of Credit Risk Spreads1,476 cited
  • 2001An EBIT‐Based Model of Dynamic Capital Structure957 cited
  • 1977The Valuation of Corporate Liabilities as Compound Options830 cited
  • 1998How Big are the Tax Benefits of Debt?805 cited

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2001
The term structure of credit spreads with jump risk
511 cited

Cited by

  • 2011Contingent convertibles. Solving or seeding the next banking crisis?133 cited
  • 2015Contingent Convertible Bonds and Capital Structure Decisions105 cited
  • 2003Capital Structure, Credit Risk, and Macroeconomic Conditions105 cited
  • 2009The Influence of Differences in Taxable Income and Book Income on the Bond Credit Market71 cited
  • 2019The impact of credit ratings on corporate behavior: Evidence from Moody's adjustments65 cited
  • 2011Negative Hedging: Performance-Sensitive Debt and CEOs’ Equity Incentives61 cited
  • 2017Contingent Capital, Tail Risk, and Debt-Induced Collapse51 cited
  • 2020Bond covenants, bankruptcy risk, and the cost of debt42 cited
  • 2015Credit Ratings and Acquisitions42 cited
  • 2010Contingent Convertible Bonds and Capital Structure Decisions40 cited
  • 2010Asymmetric information, firm investment and stock prices39 cited
  • 2013Executive compensation, risk taking and the state of the economy38 cited
  • 2009Optimal design of rating-trigger step-up bonds: Agency conflicts versus asymmetric information37 cited
  • 2013CoCos, Bail-In, and Tail Risk34 cited
  • 2019Do managers withhold bad news from credit rating agencies?33 cited
  • 2022Executive compensation and environmental performance: Evidence from CEO inside debt29 cited