Bank Shocks and the Debt Structure

2021 ◽  
Author(s):  
David Gauthier
Keyword(s):  
Author(s):  
Sudip Datta ◽  
Mai E. Iskandar-Datta ◽  
Kartik Raman

2015 ◽  
Author(s):  
Sujiao (Emma) Zhao ◽  
Patrice C. Fontaine
Keyword(s):  

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.


2021 ◽  
Author(s):  
Narjess Boubakri ◽  
Ruiyuan Chen ◽  
Sadok El Ghoul ◽  
Omrane Guedhami

2016 ◽  
Vol 6 (11) ◽  
pp. 647-660 ◽  
Author(s):  
E. Chuke Nwude ◽  
Idam Okpara Itiri ◽  
Bamidele Oyakhiromhe Agbadua ◽  
Sergius Nwannebuike Udeh

Author(s):  
Thomas Grjebine ◽  
Urszula Szczerbowicz ◽  
Fabien Tripier

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