Callable or convertible debt? The role of debt overhang and covenants
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DOI: 10.1016/j.jcorpfin.2022.102346
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More about this item
Keywords
Bond characteristics; Dynamic model; Growth option; Debt overhang; Covenants;All these keywords.
JEL classification:
- G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
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