The Underinvestment Problem, Bond Covenants And Insurance
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References listed on IDEAS
- 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.
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Keywordscorporate risk management; underinvestment; agency cost; bonding;
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