Self-selection and the effects of poison put/call covenants on the reoffering yields of corporate bonds

This study examines the effects of poison put/call covenants on the reoffering yields of corporate bonds issued during 1986 through 1990. The analysis controls for possible biases due to the endogeneity of the decision to issue the bond and the decision to include a poison covenant. The findings ind...

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Veröffentlicht in:	International review of economics & finance 2000, Vol.9 (2), p.139-156
Hauptverfasser:	Torabzadeh, Khalil M, Roufagalas, John, Woodruff, Criss G
Format:	Artikel
Sprache:	eng
Schlagworte:	Bonds Corporate bonds Corporate debt Debt financing Hypotheses Poison put/call covenants Put & call options Reoffering yield Statistical analysis Studies Yield
Online-Zugang:	Volltext
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