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Pricing the strategic value of putable securities in liquidity crises

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  • David, Alexander
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    Article provided by Elsevier in its journal Journal of Financial Economics.

    Volume (Year): 59 (2001)
    Issue (Month): 1 (January)
    Pages: 63-99

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    Handle: RePEc:eee:jfinec:v:59:y:2001:i:1:p:63-99

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    Web page: http://www.elsevier.com/locate/inca/505576

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    9. Merton, Robert C, 1974. "On the Pricing of Corporate Debt: The Risk Structure of Interest Rates," Journal of Finance, American Finance Association, vol. 29(2), pages 449-70, May.
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    20. Franks, Julian R & Torous, Walter N, 1989. " An Empirical Investigation of U.S. Firms in Reorganization," Journal of Finance, American Finance Association, vol. 44(3), pages 747-69, July.
    21. Sutton, John, 1986. "Non-cooperative Bargaining Theory: An Introduction," Review of Economic Studies, Wiley Blackwell, Wiley Blackwell, vol. 53(5), pages 709-24, October.
    22. Bergman, Yaacov Z. & Callen, Jeffrey L., 1991. "Opportunistic underinvestment in debt renegotiation and capital structure," Journal of Financial Economics, Elsevier, Elsevier, vol. 29(1), pages 137-171, March.
    23. Dunn, Kenneth B. & Spatt, Chester S., 1984. "A strategic analysis of sinking fund bonds," Journal of Financial Economics, Elsevier, Elsevier, vol. 13(3), pages 399-423, September.
    24. Black, Fischer & Cox, John C, 1976. "Valuing Corporate Securities: Some Effects of Bond Indenture Provisions," Journal of Finance, American Finance Association, vol. 31(2), pages 351-67, May.
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    Cited by:
    1. Dirk Hackbarth & Jianjun Miao & Erwan Morellec, 2005. "Capital Structure, Credit Risk, and Macroeconomic Conditions," CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics 439, China Economics and Management Academy, Central University of Finance and Economics.

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