Corporate Debt Pricing

2008 ◽  
Author(s):  
Ilya I. Gikhman
Keyword(s):  
Corporate Debt ◽  
Debt Pricing

An empirical analysis of structural models of corporate debt pricing

2007 ◽  
Vol 17 (14) ◽  
pp. 1141-1165 ◽  
Author(s):  
João C. A. Teixeira
Keyword(s):  
Empirical Analysis ◽  
Structural Models ◽  
Corporate Debt ◽  
Debt Pricing

The Impact of Auditor-Related Tax Services on Corporate Debt Pricing

2008 ◽  
Vol 30 (2) ◽  
pp. 79-106 ◽  
Author(s):  
Steve Fortin ◽  
Jeffrey A. Pittman
Keyword(s):  
Audit Quality ◽  
Auditor Independence ◽  
Policy Implications ◽  
Corporate Debt ◽  
Security Level ◽  
Firm Level ◽  
Yield Spreads ◽  
Public Firms ◽  
Debt Pricing ◽  
The Impact

ABSTRACT: We examine the link between auditor-related tax services and corporate debt pricing. After controlling for security-level and other firm-level determinants, we provide strong, robust evidence that bondholders reward public firms that pay proportionately more tax fees to their auditor with lower yield spreads. Our results include that the influence of auditor-related tax services on lowering borrowing costs is stronger for issues made by firms suffering worse information asymmetry. This research, which helps to resolve whether audit quality hinges on the relative amount of tax services, may have important policy implications given that regulators continue to debate whether to impose further restrictions on the tax services that auditors can provide to their clients. Altogether, our evidence implies that the benefit of tax services in improving auditor knowledge—stemming from public accounting firms learning more about their clients over successive engagements—outweighs any concurrent sacrifice in auditor independence in shaping debt market perceptions.

Derivation of Corporate Debt Pricing Model and Its Empirical Implications

2016 ◽  
Vol 45 (3) ◽  
pp. 439-462
Author(s):  
Won Kang ◽  
Jungsoon Shin
Keyword(s):  
Corporate Debt ◽  
Pricing Model ◽  
Debt Pricing ◽  
Empirical Implications

Does rating analyst subjectivity affect corporate debt pricing?

2016 ◽  
Vol 120 (3) ◽  
pp. 514-538 ◽  
Author(s):  
Cesare Fracassi ◽  
Stefan Petry ◽  
Geoffrey Tate
Keyword(s):  
Corporate Debt ◽  
Debt Pricing

Three essays on the corporate debt choice

2006 ◽  
Author(s):  
Matteo P. Arena
Keyword(s):  
Corporate Debt

Credit Information Quality And Corporate Debt Maturity : Theory And Evidence

2007 ◽  
Author(s):  
Chendi Zhang ◽  
Marco Sorge
Keyword(s):  
Information Quality ◽  
Debt Maturity ◽  
Corporate Debt

The Determinants of the Maturity of Corporate Debt Issues

CFA Digest ◽  
1997 ◽  
Vol 27 (3) ◽  
pp. 54-56
Author(s):  
S. Brooks Marshall
Keyword(s):  
Corporate Debt

Have Rating Agencies Become More Conservative? Implications for Capital Structure and Debt Pricing

CFA Digest ◽  
2014 ◽  
Vol 44 (12) ◽  
Author(s):  
Marc L. Ross
Keyword(s):  
Capital Structure ◽  
Rating Agencies ◽  
Debt Pricing
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