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Future Investment Opportunities and the Value of the Call Provision on a Bond

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  • Bodie, Zvi
  • Taggart, Robert A, Jr

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Bibliographic Info

Article provided by American Finance Association in its journal Journal of Finance.

Volume (Year): 33 (1978)
Issue (Month): 4 (September)
Pages: 1187-1200

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Handle: RePEc:bla:jfinan:v:33:y:1978:i:4:p:1187-1200

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Cited by:
  1. Chen, Dong, 2012. "Classified boards, the cost of debt, and firm performance," Journal of Banking & Finance, Elsevier, vol. 36(12), pages 3346-3365.
  2. Shahid Ebrahim, M. & Hussain, Sikandar, 2010. "Financial development and asset valuation: The special case of real estate," Journal of Banking & Finance, Elsevier, vol. 34(1), pages 150-162, January.
  3. Bradley, Michael & Chen, Dong, 2011. "Corporate governance and the cost of debt: Evidence from director limited liability and indemnification provisions," Journal of Corporate Finance, Elsevier, vol. 17(1), pages 83-107, February.
  4. Chen, Zhaohui & Mao, Connie X. & Wang, Yong, 2010. "Why firms issue callable bonds: Hedging investment uncertainty," Journal of Corporate Finance, Elsevier, vol. 16(4), pages 588-607, September.
  5. Anderson, Christopher W., 1999. "Financial contracting under extreme uncertainty:: an analysis of Brazilian corporate debentures," Journal of Financial Economics, Elsevier, vol. 51(1), pages 45-84, January.
  6. Maria do Rosario Correia & Scott C. Linn & Andrew Marshall, 2004. "An Empirical Investigation of Debt Contract Design: The Determinants of the Choice of Debt Terms in Eurobond Issues," FEP Working Papers 148, Universidade do Porto, Faculdade de Economia do Porto.
  7. Sudipto Sarkar, 2004. "Yield spreads, agency costs and the corporate bond call feature," The European Journal of Finance, Taylor & Francis Journals, vol. 10(4), pages 308-327.
  8. James R. GARVEN & Richard D. MACMINN, 1994. "The Underinvestment Problem, Bond Covenants And Insurance," Risk and Insurance 9407007, EconWPA.
  9. Simon H. Kwan & Willard T. Carleton, 2004. "Financial contracting and the choice between private placement and publicly offered bonds," Working Paper Series 2004-20, Federal Reserve Bank of San Francisco.
  10. Nash, Robert C. & Netter, Jeffry M. & Poulsen, Annette B., 2003. "Determinants of contractual relations between shareholders and bondholders: investment opportunities and restrictive covenants," Journal of Corporate Finance, Elsevier, vol. 9(2), pages 201-232, March.
  11. Sikandar Hussain & M. Shahid Ebrahim, 2005. "Financial Development and Property Valuation," Computing in Economics and Finance 2005 24, Society for Computational Economics.
  12. Gady Jacoby & Chuan Liao & Jonathan A. Batten, 2007. "A Pure Test for the Elasticity of Yield Spreads," The Institute for International Integration Studies Discussion Paper Series iiisdp195, IIIS.
  13. Choi, Seungmook & Jameson, Mel & Jung, Mookwon, 2013. "The issuance of callable bonds under information asymmetry," Journal of Empirical Finance, Elsevier, vol. 21(C), pages 1-14.
  14. Goyal, Vidhan K. & Gollapudi, Neela & Ogden, Joseph P., 1998. "A corporate bond innovation of the 90s: The clawback provision in high-yield debt," Journal of Corporate Finance, Elsevier, vol. 4(4), pages 301-320, December.
  15. Garven, J. R. & R. D. MacMinn, . "The Underinvestment Problem, Bond Covenants and Insurance," Working Papers 011, Risk and Insurance Archive.
  16. Bryan, Stephen & Nash, Robert & Patel, Ajay, 2006. "Can the agency costs of debt and equity explain the changes in executive compensation during the 1990s?," Journal of Corporate Finance, Elsevier, vol. 12(3), pages 516-535, June.
  17. Lewis, Craig M. & Rogalski, Richard J. & Seward, James K., 1998. "Agency Problems, Information Asymmetries, and Convertible Debt Security Design," Journal of Financial Intermediation, Elsevier, vol. 7(1), pages 32-59, January.
  18. Daniels, Kenneth & Diro Ejara, Demissew & Vijayakumar, Jayaraman, 2009. "An empirical analysis of the determinants and pricing of corporate bond clawbacks," Journal of Corporate Finance, Elsevier, vol. 15(4), pages 431-446, September.
  19. Levent G√ľntay & N. R. Prabhala & Haluk Unal, . "Callable Bonds and Hedging," Center for Financial Institutions Working Papers 02-13, Wharton School Center for Financial Institutions, University of Pennsylvania.
  20. Doukas, John A. & Pantzalis, Christos, 2003. "Geographic diversification and agency costs of debt of multinational firms," Journal of Corporate Finance, Elsevier, vol. 9(1), pages 59-92, January.
  21. Nayar, Nandkumar (Nandu) & Stock, Duane, 2008. "Make-whole call provisions: A case of "much ado about nothing?"," Journal of Corporate Finance, Elsevier, vol. 14(4), pages 387-404, September.

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