Debt renegotiation under reputation concerns and tolerance for failure

2019 ◽  
Vol 41 (1) ◽  
pp. 36-48
Author(s):  
Hind Sami
Keyword(s):  



2019 ◽  
Author(s):  
Yingxian Tan ◽  
Pengfei Luo ◽  
Jinqiang Yang ◽  
Aifan Ling




2016 ◽  
Vol 51 (1) ◽  
pp. 197-229 ◽  
Author(s):  
Philip Valta

AbstractThis paper theoretically and empirically investigates how debt structure and strategic interaction among shareholders and debt holders in the event of default affect expected stock returns. The model predicts that expected stock returns are higher for firms that face high debt renegotiation difficulties and that have a large fraction of secured or convertible debt. Using a large sample of publicly traded U.S. firms for the period 1985–2012, the paper presents new evidence on the link between debt structure and stock returns that is supportive of the model’s predictions.





2008 ◽  
Vol 4 (1) ◽  
pp. 40-61 ◽  
Author(s):  
Ludek Kolecek
Keyword(s):  


2019 ◽  
Vol 55 (2-3) ◽  
pp. 191-215 ◽  
Author(s):  
Christophe J. Godlewski




Sign in / Sign up

Export Citation Format

Share Document