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The effect of accounting-based debt covenants on equity valuation
16 references·11 citing·35 second hop
The effect of accounting-based debt covenants on equity valuation (1999)The effect of accounting-based debt coven…Agency Costs, Risk Management, and Capital Structure (1998)Agency Costs, Risk Management…The conservatism principle and the asymmetric timeliness of earnings1 (1997)The conservatism principle an…The information content of losses (1995)The information content of lo…Earnings, Book Values, and Dividends in Equity Valuation* (1995)Earnings, Book Values, and Di…Corporate Debt Value, Bond Covenants, and Optimal Capital Structure (1994)Corporate Debt Value, Bond Co…Accounting earnings and cash flows as measures of firm performance (1994)Accounting earnings and cash …An analysis of intertemporal and cross-sectional determinants of earnings response coefficients (1989)An analysis of intertemporal …Positive Accounting Theory (1985)Positive Accounting TheoryDividend Policy under Asymmetric Information (1985)Dividend Policy under Asymmet…On financial contracting (1979)On financial contractingDeterminants of corporate borrowing (1977)Determinants of corporate bor…VALUING CORPORATE SECURITIES: SOME EFFECTS OF BOND INDENTURE PROVISIONS (1976)VALUING CORPORATE SECURITIES:…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…The option pricing model and the risk factor of stock (1976)The option pricing model and …The Pricing of Options and Corporate Liabilities (1973)The Pricing of Options and Co…Theory of the Firm (1966)Theory of the FirmInvestment Dynamics and Earnings‐Return Properties: A Structural Approach (2018)Investment Dynamics and Earni…The Geography of Financial Misconduct (2014)The Geography of Financial Mi…What do we know about the role of financial reporting in debt contracting and debt covenants? (2013)What do we know about the rol…The Effect of Executive Stock Options on Corporate Innovative Activities (2013)The Effect of Executive Stock…Information Asymmetry and Accounting Conservatism Under IFRS Adoption (2013)Information Asymmetry and Acc…Short Sellers and the Informativeness of Stock Prices with Respect to Future Earnings (2012)Short Sellers and the Informa…Evidence of Manager Intervention to Avoid Working Capital Deficits (2012)Evidence of Manager Intervent…The Relevance of Accounting Data in the Measurement of Credit Risk (2007)The Relevance of Accounting D…Precision in Accounting Information, Financial Leverage and the Value of Equity (2007)Precision in Accounting Infor…Empirical evidence concerning incentives to hedge transaction and translation exposures (2005)Empirical evidence concerning…Initial Technical Violations of Debt Covenants and Changes in Firm Risk (2001)Initial Technical Violations …The Problem of Social Cost (1960)Financial Intermediation and Delegated Monitoring (1984)A Survey of Corporate Governance (1997)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Dividend Policy, Growth, and the Valuation of Shares (1961)The Capital Structure Puzzle (1984)An Empirical Evaluation of Accounting Income Numbers (1968)The effect of international institutional factors on properties of accounting earnings (2000)Understanding earnings quality: A review of the proxies, their determinants and their consequences (2010)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)A Closed-Form Solution for Options with Stochastic Volatility with Applications to Bond and Currency Options (1993)Theory of rational option pricing (2005)The Theory and Measurement of Business Income (1961)Valuation and Clean Surplus Accounting for Operating and Financial Activities* (1995)Capital markets research in accounting (2001)Does Corporate Social Responsibility Affect the Cost of Capital? (2010)Job Market Signaling (1973)Corporate financing and investment decisions when firms have information that investors do not have (1984)Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have (1984)Efficient Capital Markets: II (1991)Earnings Management During Import Relief Investigations (1991)The Cross-Section of Expected Stock Returns (1992)Detecting Earnings Management. (1995)The Quality of Accruals and Earnings: The Role of Accrual Estimation Errors (2002)Earnings management and investor protection: an international comparison (2003)The Nature of the Firm (1937)Separation of Ownership and Control (1983)Law and Finance (1998)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)Performance matched discretionary accrual measures (2005)The economic implications of corporate financial reporting (2005)A Simple Approach to Valuing Risky Fixed and Floating Rate Debt (1995)The Determinants of Credit Spread Changes (2001)The theory and practice of corporate finance: evidence from the field (2001)
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References

  • 1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
  • 1973The Pricing of Options and Corporate Liabilities29,064 cited
  • 1977Determinants of corporate borrowing13,160 cited
  • 1985Positive Accounting Theory5,837 cited
  • 1995Earnings, Book Values, and Dividends in Equity Valuation*5,061 cited
  • 1997The conservatism principle and the asymmetric timeliness of earnings13,988 cited
  • 1985Dividend Policy under Asymmetric Information3,459 cited
  • 1979On financial contracting2,901 cited
  • 1994Corporate Debt Value, Bond Covenants, and Optimal Capital Structure2,732 cited
  • 1994Accounting earnings and cash flows as measures of firm performance2,584 cited
  • 1976VALUING CORPORATE SECURITIES: SOME EFFECTS OF BOND INDENTURE PROVISIONS2,383 cited
  • 1995The information content of losses2,315 cited
  • 1966Theory of the Firm2,288 cited
  • 1989An analysis of intertemporal and cross-sectional determinants of earnings response coefficients1,685 cited
  • 1998Agency Costs, Risk Management, and Capital Structure1,495 cited
  • 1976

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The option pricing model and the risk factor of stock
1,239 cited

Cited by

  • 2012Short Sellers and the Informativeness of Stock Prices with Respect to Future Earnings51 cited
  • 2007The Relevance of Accounting Data in the Measurement of Credit Risk41 cited
  • 2018Investment Dynamics and Earnings‐Return Properties: A Structural Approach39 cited
  • 2013What do we know about the role of financial reporting in debt contracting and debt covenants?30 cited
  • 2007Precision in Accounting Information, Financial Leverage and the Value of Equity27 cited
  • 2005Empirical evidence concerning incentives to hedge transaction and translation exposures27 cited
  • 2013The Effect of Executive Stock Options on Corporate Innovative Activities23 cited
  • 2012Evidence of Manager Intervention to Avoid Working Capital Deficits22 cited
  • 2013Information Asymmetry and Accounting Conservatism Under IFRS Adoption21 cited
  • 2014The Geography of Financial Misconduct19 cited
  • 2001Initial Technical Violations of Debt Covenants and Changes in Firm Risk18 cited