메뉴 건너뛰기




Volumn 23, Issue 5, 2010, Pages 1819-1854

Performance-sensitive debt

Author keywords

[No Author keywords available]

Indexed keywords


EID: 77951235339     PISSN: 08939454     EISSN: 14657368     Source Type: Journal    
DOI: 10.1093/rfs/hhq005     Document Type: Article
Times cited : (77)

References (47)
  • 1
    • 0344539359 scopus 로고    scopus 로고
    • A discrete-time approach to no-arbitrage pricing of credit derivatives with rating transitions
    • May-June
    • Acharya, V., S. Das, and R. Sundaram. 2002. A Discrete-Time Approach to No-Arbitrage Pricing of Credit Derivatives with Rating Transitions. Financial Analysts Journal May-June, 28-44.
    • (2002) Financial Analysts Journal , pp. 28-44
    • Acharya, V.1    Das, S.2    Sundaram, R.3
  • 4
    • 29244473561 scopus 로고    scopus 로고
    • Should corporate debt include a rating trigger?
    • Bhanot, K., and A. Mello. 2006. Should Corporate Debt Include a Rating Trigger? Journal of Financial Economics 79:69-98.
    • (2006) Journal of Financial Economics , vol.79 , pp. 69-98
    • Bhanot, K.1    Mello, A.2
  • 5
    • 0038273388 scopus 로고
    • Project valuation with mean-reverting cash flow streams
    • Bhattacharya, S. 1978. Project Valuation with Mean-Reverting Cash Flow Streams. Journal of Finance 33:1317-1331
    • (1978) Journal of Finance , vol.33 , pp. 1317-1331
    • Bhattacharya, S.1
  • 6
    • 0002760588 scopus 로고
    • Nondissipative signaling structures and dividend policy
    • ---. 1980. Nondissipative Signaling Structures and Dividend Policy. Quarterly Journal of Economics 95:1-24.
    • (1980) Quarterly Journal of Economics , vol.95 , pp. 1-24
  • 7
    • 84944831925 scopus 로고
    • Valuing corporate securities: Some effects of bond identures provisions
    • Black, F., and J. Cox. 1976. Valuing Corporate Securities: Some Effects of Bond Identures Provisions. Journal of Finance 31:351-367
    • (1976) Journal of Finance , vol.31 , pp. 351-367
    • Black, F.1    Cox, J.2
  • 8
    • 0001430385 scopus 로고    scopus 로고
    • Pricing credit sensitive debt when interest rates, credit rates and credit spreads are stochastic
    • Das, S., and P. Tufano. 1996. Pricing Credit Sensitive Debt when Interest Rates, Credit Rates and Credit Spreads Are Stochastic. Journal of Financial Engineering 5:161-198
    • (1996) Journal of Financial Engineering , vol.5 , pp. 161-198
    • Das, S.1    Tufano, P.2
  • 9
    • 0002550734 scopus 로고    scopus 로고
    • A liquidity-based model of security design
    • DeMarzo, P., and D. Duffie. 1999. A Liquidity-Based Model of Security Design. Econometrica 67:65-99.
    • (1999) Econometrica , vol.67 , pp. 65-99
    • Demarzo, P.1    Duffie, D.2
  • 10
    • 0000674080 scopus 로고
    • Debt maturity choice and liquidity risk
    • Diamond, D. 1991. Debt Maturity Choice and Liquidity Risk. Quarterly Journal of Economics 109:709-737
    • (1991) Quarterly Journal of Economics , vol.109 , pp. 709-737
    • Diamond, D.1
  • 12
    • 0034394910 scopus 로고    scopus 로고
    • The information effects of analyst activity at the announcement of new equity issues
    • D'Mello, R., and S. Ferris. 2000. The Information Effects of Analyst Activity at the Announcement of New Equity Issues. Financial Management 29:78-95.
    • (2000) Financial Management , vol.29 , pp. 78-95
    • D'Mello, R.1    Ferris, S.2
  • 13
    • 12344307626 scopus 로고    scopus 로고
    • Is default event risk priced in corporate bonds?
    • Driessen, J. 2005. Is Default Event Risk Priced in Corporate Bonds? Review of Financial Studies 18:165-195
    • (2005) Review of Financial Studies , vol.18 , pp. 165-195
    • Driessen, J.1
  • 14
    • 0034986069 scopus 로고    scopus 로고
    • The term structure of capital spreads with incomplete accounting information
    • Duffie, D., and D. Lando. 2001. The Term Structure of Capital Spreads with Incomplete Accounting Information. Econometrica 69:633-664
    • (2001) Econometrica , vol.69 , pp. 633-664
    • Duffie, D.1    Lando, D.2
  • 15
    • 0033416234 scopus 로고    scopus 로고
    • Modelling the term structure of defaultable bonds
    • Duffie, D., and K. Singleton. 1999. Modelling the Term Structure of Defaultable Bonds. Review of Financial Studies 12:687-720.
    • (1999) Review of Financial Studies , vol.12 , pp. 687-720
    • Duffie, D.1    Singleton, K.2
  • 16
    • 0000755878 scopus 로고
    • The valuation effects of corporate debt offerings
    • Eckbo, E. 1986. The Valuation Effects of Corporate Debt Offerings. Journal of Financial Economics 15:119-152
    • (1986) Journal of Financial Economics , vol.15 , pp. 119-152
    • Eckbo, E.1
  • 17
    • 84977723030 scopus 로고
    • Dynamic capital structure choice: Theory and tests
    • Fischer, E., R. Heinkel, and J. Zechner. 1989. Dynamic Capital Structure Choice: Theory and Tests. Journal of Finance 44:19-40.
    • (1989) Journal of Finance , vol.44 , pp. 19-40
    • Fischer, E.1    Heinkel, R.2    Zechner, J.3
  • 18
    • 84944835242 scopus 로고
    • Asymmetric information and risky debt maturity choice
    • Flannery, M. 1986. Asymmetric Information and Risky Debt Maturity Choice. Journal of Finance 41:19-37.
    • (1986) Journal of Finance , vol.41 , pp. 19-37
    • Flannery, M.1
  • 21
    • 84993843447 scopus 로고
    • Risk management: Coordinating investment and financing policies
    • Froot, K., D. Scharfstein, and J. Stein. 1993. Risk Management: Coordinating Investment and Financing Policies. Journal of Finance 48:1629-1658
    • (1993) Journal of Finance , vol.48 , pp. 1629-1658
    • Froot, K.1    Scharfstein, D.2    Stein, J.3
  • 25
    • 84977809964 scopus 로고    scopus 로고
    • Valuing euro rating-triggered step-up telecom bonds
    • Houweling, P., A.Mentink, and T. Vorst. 2004. Valuing Euro Rating-Triggered Step-Up Telecom Bonds. Journal of Derivatives 11:63-80.
    • (2004) Journal of Derivatives , vol.11 , pp. 63-80
    • Houweling, P.1    Mentink, A.2    Vorst, T.3
  • 26
    • 0031514515 scopus 로고    scopus 로고
    • A markov model for the term structure of credit risk spreads
    • Jarrow, R., D. Lando, and S. Turnbull. 1997. A Markov Model for the Term Structure of Credit Risk Spreads. Review of Financial Studies 10:481-523.
    • (1997) Review of Financial Studies , vol.10 , pp. 481-523
    • Jarrow, R.1    Lando, D.2    Turnbull, S.3
  • 27
    • 84993907181 scopus 로고
    • Pricing derivatives on financial securities subject to credit risk
    • Jarrow, R., and S. Turnbull. 1995. Pricing Derivatives on Financial Securities Subject to Credit Risk. Journal of Finance 50:53-86.
    • (1995) Journal of Finance , vol.50 , pp. 53-86
    • Jarrow, R.1    Turnbull, S.2
  • 29
    • 33947635890 scopus 로고    scopus 로고
    • On the pricing of step-up bonds in the European telecom sector
    • Lando, D., and A. Mortensen. 2005. On the Pricing of Step-Up Bonds in the European Telecom Sector. Journal of Credit Risk 1:71-111.
    • (2005) Journal of Credit Risk , vol.1 , pp. 71-111
    • Lando, D.1    Mortensen, A.2
  • 30
    • 84993608428 scopus 로고
    • Corporate debt value, bond covenants, and optimal capital structure
    • Leland, H. 1994. Corporate Debt Value, Bond Covenants, and Optimal Capital Structure. Journal of Finance 49:1213-1252
    • (1994) Journal of Finance , vol.49 , pp. 1213-1252
    • Leland, H.1
  • 31
    • 0002350933 scopus 로고    scopus 로고
    • Agency costs, risk management, and capital structure
    • ---. 1998. Agency Costs, Risk Management, and Capital Structure. Journal of Finance 53:1213-1243
    • (1998) Journal of Finance , vol.53 , pp. 1213-1243
  • 32
    • 0000140435 scopus 로고
    • Informational asymmetries, financial structure, and financial intermediation
    • Leland, H., and D. Pyle. 1977. Informational Asymmetries, Financial Structure, and Financial Intermediation. Journal of Finance 32:371-387
    • (1977) Journal of Finance , vol.32 , pp. 371-387
    • Leland, H.1    Pyle, D.2
  • 33
    • 0039021357 scopus 로고    scopus 로고
    • Optimal capital structure, endogenous bankruptcy, and the term structure of credit spreads
    • Leland, H., and K. Toft. 1996. Optimal Capital Structure, Endogenous Bankruptcy, and the Term Structure of Credit Spreads. Journal of Finance 51:987-1019.
    • (1996) Journal of Finance , vol.51 , pp. 987-1019
    • Leland, H.1    Toft, K.2
  • 34
    • 84993865629 scopus 로고
    • Valuing risky debt: A new approach
    • Longstaff, F., and E. Schwartz. 1995. Valuing Risky Debt: A New Approach. Journal of Finance 50:789-820.
    • (1995) Journal of Finance , vol.50 , pp. 789-820
    • Longstaff, F.1    Schwartz, E.2
  • 35
    • 0000808665 scopus 로고
    • On the pricing of corporate debt: The risk structure of interest rates
    • Merton, R. 1974. On the Pricing of Corporate Debt: The Risk Structure of Interest Rates. Journal of Finance 2:449-470
    • (1974) Journal of Finance , vol.2 , pp. 449-470
    • Merton, R.1
  • 36
    • 84939429904 scopus 로고
    • Dividend policy under asymmetric information
    • Miller, M., and K. Rock. 1985. Dividend Policy under Asymmetric Information. Journal of Finance 40:1031-1051
    • (1985) Journal of Finance , vol.40 , pp. 1031-1051
    • Miller, M.1    Rock, K.2
  • 37
    • 46749121307 scopus 로고    scopus 로고
    • Agency conflicts and risk management
    • Morellec, E., and C. Smith. 2007. Agency Conflicts and Risk Management. Review of Finance 11:1-22.
    • (2007) Review of Finance , vol.11 , pp. 1-22
    • Morellec, E.1    Smith, C.2
  • 38
    • 49449125071 scopus 로고
    • Determinants of corporate borrowings
    • Myers, S. 1977. Determinants of Corporate Borrowings. Journal of Financial Economics 5:147-175
    • (1977) Journal of Financial Economics , vol.5 , pp. 147-175
    • Myers, S.1
  • 39
    • 84944830772 scopus 로고
    • The capital structure puzzle
    • ---. 1984. The Capital Structure Puzzle. Journal of Financial Economics 39:573-592
    • (1984) Journal of Financial Economics , vol.39 , pp. 573-592
  • 40
    • 48549110620 scopus 로고
    • Corporate finance and investment decisions when firms have information that investors do not have
    • Myers, S., and N. Majluf. 1984. Corporate Finance and Investment Decisions When Firms Have Information That Investors Do Not Have. Journal of Financial Economics 13:187-221.
    • (1984) Journal of Financial Economics , vol.13 , pp. 187-221
    • Myers, S.1    Majluf, N.2
  • 41
    • 0017470663 scopus 로고
    • The determination of financial structure: The incentive signaling approach
    • Ross, S. 1977. The Determination of Financial Structure: The Incentive Signaling Approach. Bell Journal of Economics 8:23-40.
    • (1977) Bell Journal of Economics , vol.8 , pp. 23-40
    • Ross, S.1
  • 43
    • 0242369744 scopus 로고    scopus 로고
    • The trade-off model with mean reverting earnings: Theory and empirical tests
    • Sarkar, S., and F. Zapatero. 2003. The Trade-Off Model with Mean Reverting Earnings: Theory and Empirical Tests. Economic Journal 111:834-860
    • (2003) Economic Journal , vol.111 , pp. 834-860
    • Sarkar, S.1    Zapatero, F.2
  • 47
    • 0000827166 scopus 로고
    • On the uniqueness of solutions of stochastic differential equations
    • Yamada, T., and S. Watanabe. 1971. On the Uniqueness of Solutions of Stochastic Differential Equations. Journal of Mathematics of Kyoto University 11:155-167
    • (1971) Journal of Mathematics of Kyoto University , vol.11 , pp. 155-167
    • Yamada, T.1    Watanabe, S.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.