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Firm Characteristics And The Presence Of Event Risk Covenants In Bond Indentures

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  • Sung C. Bae
  • Daniel P. Klein
  • Raj Padmaraj

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  • Sung C. Bae & Daniel P. Klein & Raj Padmaraj, 1997. "Firm Characteristics And The Presence Of Event Risk Covenants In Bond Indentures," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 20(3), pages 373-388, September.
    • Handle: RePEc:bla:jfnres:v:20:y:1997:i:3:p:373-388
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    File URL: http://hdl.handle.net/10.1111/j.1475-6803.1997.tb00255.x
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    1. Barnea, Amir & Haugen, Robert A & Senbet, Lemma W, 1980. "A Rationale for Debt Maturity Structure and Call Provisions in the Agency Theoretic Framework," Journal of Finance, American Finance Association, vol. 35(5), pages 1223-1234, December.
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    4. Cook, Douglas O & Easterwood, John C, 1994. "Poison Put Bonds: An Analysis of Their Economic Role," Journal of Finance, American Finance Association, vol. 49(5), pages 1905-1920, December.
    5. Kenneth Lehn & Annette Poulsen, 1989. "Free Cash Flow and Stockholder Gains in Going Private Transactions," Journal of Finance, American Finance Association, vol. 44(3), pages 771-787, July.
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    7. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    8. Opler, Tim & Titman, Sheridan, 1993. "The Determinants of Leveraged Buyout Activity: Free Cash Flow vs. Financial Distress Costs," Journal of Finance, American Finance Association, vol. 48(5), pages 1985-1999, December.
    9. Crabbe, Leland, 1991. "Event Risk: An Analysis of Losses to Bondholders and "Super Poison Put" Bond Covenants," Journal of Finance, American Finance Association, vol. 46(2), pages 689-706, June.
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    12. Opler, Tim C & Titman, Sheridan, 1994. "Financial Distress and Corporate Performance," Journal of Finance, American Finance Association, vol. 49(3), pages 1015-1040, July.
    13. Gilson, Stuart C & Vetsuypens, Michael R, 1993. "CEO Compensation in Financially Distressed Firms: An Empirical Analysis," Journal of Finance, American Finance Association, vol. 48(2), pages 425-458, June.
    14. Lehn, Kenneth & Poulsen, Annette, 1989. " Free Cash Flow and Stockholder Gains in Going Private Transactions," Journal of Finance, American Finance Association, vol. 44(3), pages 771-787, July.
    15. Palepu, Krishna G., 1986. "Predicting takeover targets : A methodological and empirical analysis," Journal of Accounting and Economics, Elsevier, vol. 8(1), pages 3-35, March.
    16. Sung C. Bae & Daniel P. Klein & Raj Padmaraj, 1994. "Event Risk Bond Covenants, Agency Costs of Debt and Equity, and Stockholder Wealth," Financial Management, Financial Management Association, vol. 23(4), Winter.
    17. Bodie, Zvi & Taggart, Robert A, Jr, 1978. "Future Investment Opportunities and the Value of the Call Provision on a Bond," Journal of Finance, American Finance Association, vol. 33(4), pages 1187-1200, September.
    18. Myers, Stewart C., 1977. "Determinants of corporate borrowing," Journal of Financial Economics, Elsevier, vol. 5(2), pages 147-175, November.
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    Cited by:

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    2. Greg Roth & Cynthia G. McDonald, 1999. "Shareholder-Management Conflict And Event Risk Covenants," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 22(2), pages 207-225, June.
    3. 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.

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