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Determinants of contractual relations between shareholders and bondholders: investment opportunities and restrictive covenants

  • Nash, Robert C.
  • Netter, Jeffry M.
  • Poulsen, Annette B.
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    File URL: http://www.sciencedirect.com/science/article/B6VFK-45M6K9X-2/2/91fb76904323325d22956a9dd95b9d7d
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    Article provided by Elsevier in its journal Journal of Corporate Finance.

    Volume (Year): 9 (2003)
    Issue (Month): 2 (March)
    Pages: 201-232

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    Handle: RePEc:eee:corfin:v:9:y:2003:i:2:p:201-232
    Contact details of provider: Web page: http://www.elsevier.com/locate/jcorpfin

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    6. 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, 09.
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    13. Gaver, Jennifer J. & Gaver, Kenneth M., 1993. "Additional evidence on the association between the investment opportunity set and corporate financing, dividend, and compensation policies," Journal of Accounting and Economics, Elsevier, vol. 16(1-3), pages 125-160, April.
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    19. Kahan, Marcel & Yermack, David, 1998. "Investment Opportunities and the Design of Debt Securities," Journal of Law, Economics and Organization, Oxford University Press, vol. 14(1), pages 136-51, April.
    20. 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.
    21. Smith, C.W. & Watts, R.L., 1992. "The Investment Oppotunity set and Corporate Financing, Dividend and Compensation Policies," Papers 92-02, Rochester, Business - Financial Research and Policy Studies.
    22. Clifford W. Smith & Charles W. Smithson & D. Sykes Wilford, 1989. "Managing Financial Risk," Journal of Applied Corporate Finance, Morgan Stanley, vol. 1(4), pages 27-48.
    23. Jung, Kooyul & Yong-Cheol, Kim & Stulz, Rene M., 1996. "Timing, investment opportunities, managerial discretion, and the security issue decision," Journal of Financial Economics, Elsevier, vol. 42(2), pages 159-185, October.
    24. Asquith, Paul & Wizman, Thierry A., 1990. "Event risk, covenants, and bondholder returns in leveraged buyouts," Journal of Financial Economics, Elsevier, vol. 27(1), pages 195-213, September.
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    26. Tim Adam & Vidhan K. Goyal, 2008. "The Investment Opportunity Set And Its Proxy Variables," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 31(1), pages 41-63.
    27. Nanda, Vikram & Yun, Youngkeol, 1996. "Financial innovation and investor wealth: A study of the poison put in convertible bonds," Journal of Corporate Finance, Elsevier, vol. 3(1), pages 1-22, December.
    28. Guedes, Jose & Opler, Tim, 1996. " The Determinants of the Maturity of Corporate Debt Issues," Journal of Finance, American Finance Association, vol. 51(5), pages 1809-33, December.
    29. Gompers, Paul & Lerner, Josh, 1996. "The Use of Covenants: An Empirical Analysis of Venture Partnership Agreements," Journal of Law and Economics, University of Chicago Press, vol. 39(2), pages 463-98, October.
    30. Bae, Sung C & Klein, Daniel P & Padmaraj, Raj, 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 373-88, Fall.
    31. Bradley, Michael & Jarrell, Gregg A & Kim, E Han, 1984. " On the Existence of an Optimal Capital Structure: Theory and Evidence," Journal of Finance, American Finance Association, vol. 39(3), pages 857-78, July.
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