Managers, Owners, and The Pricing of Risky Debt: An Empirical Analysis

Keywords

Incentive, Shareholder, Debt, Business, Bond

References

• The Debt-Equity ChoiceRonald W. Masulis — 1988
• Managerial control of voting rights: Financing policies and the market for corporate controlRené M. Stulz — 1988
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• Wealth redistributions or changes in firm valueGeorge Handjinicolaou, Avner Kalay — 1984
• Management Ownership and Market Valuation: An Empirical AnalysisRandall Mørck, Andrei Shleifer, Robert W. Vishny — 1988
• The Impact of Seniority and Security Covenants on Bond Yields: A NoteGordon S. Roberts, Jerry A. Viscione — 1984
• Additional evidence on equity ownership and corporate valueJohn J. McConnell, Henri Servaes — 1990
• Managerial Incentives and Corporate Investment and Financing DecisionsAnup Agrawal, Gershon Mandelker — 1987
• Determinants of corporate borrowingStewart C. Myers — 1977
• Private benefits from control of public corporationsMichael J. Barclay, Clifford G. Holderness — 1989
• Sinking Funds and the Cost of Corporate DebtEdward A. Dyl, Michael D. Joehnk — 1979
• An analysis of secured debtRené M. Stulz, Herb Johnson — 1985
• Determinants of Risk Premiums on Corporate BondsLawrence Fisher — 1959
• Corporate control contests and capital structureMilton Harris, Artur Raviv — 1988
• Bond indenture provisions and the risk of corporate debtTuan A. Ho — 1982
• An Empirical Test of the Impact of Managerial Self-interest on Corporate Capital StructureIrwin Friend, Larry H.P. Lang — 1988
• Factors Affecting Seasoned Corporate Bond PricesCalvin M. Boardman, Richard W. McEnally — 1981

Cited by

• Private Ownership and the Cost of Public Debt: Evidence from the Bond MarketBrad A. Badertscher, Dan Givoly, Sharon P. Katz — 2019
• Corporate Governance, Credit Risk and Bondholder WealthJun Wang — 2014
• Managerial incentive structures, conservatism and the pricing of syndicated loansPredescu Vasvari, Florin Danut — 2006
• An investigation into the relation between corporate governance and firm value in the U.KM. O'sullivan — 1999
• Optymalny udział menedżera we własności spółki i koszt długu. Perspektywa teorii agencjiElżbieta Rychłowska‐Musiał — 2014
• External Governance and Debt Agency Costs of Family FirmsAndrew Ellul, Levent Güntay, Uǧur Lel — 2007
• Board Structure and Corporate PerformanceÖzgür Arslan‐Ayaydin, Mehmet Baha Karan, Cihan Eksi — 2010
• The Market for Corporate Control: Takeover Likelihood of Underperforming FirmsStefan Luthringshauser — 2007
• Bank management between shareholders and regulatorsChristian Harm — 2002
• How does ownership structure and manager wealth influence risk? : a look at ownership structure, manager wealth, and risk in commercial banksKenneth Spong, Richard J. Sullivan — 1998
• Does Capital Structure Matter in Setting CEO PayHernán Ortiz‐Molina — 2005
• The Private Premium in Public BondsAnna Kovner, Chenyang Wei — 2012
• Equity Compensation and the Pricing of Syndicated LoansFlorin P. Vasvari — 2008
• Small Business Borrowing and the Owner–Manager Agency Costs: Evidence on Finnish DataMervi Niskanen, Jyrki Niskanen — 2006
• Default Risk Estimation, Bank Credit Risk, and Corporate GovernanceLorne N. Switzer, Jun Wang — 2013
• Default risk and corporate governance in financial vs. non-financial firmsLorne N. Switzer, Jun Wang — 2013
• Insider Ownership and Pension Funding: An Empirical AnalysisCassandra R. Cole, David W. Sommer — 2010
• Stock options : to expense or not to expense : a comparison of economic determinants, firm payoffs, and pay-performance sensitivity of executive stock option compensationBarbara Wood — 2006
• PENGARUH MEKANISME CORPORATE GOVERNANCE, KUALITAS AUDITOR EKSTERNAL, DAN LIKUIDITAS TERHADAP KUALITAS LABAAmanita Novi Yushita, Rahmawati Rahmawati, Hanung Triatmoko — 2013
• The Effect of Corporate Board Characteristics on Loan Monitoring DecisionsJudy Day, Paul Mather, Peter Taylor — 2014

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