Does Corporate Governance Matter to Bondholders?

We examine the relation between the cost of debt financing and a governance index that contains various antitakeover and shareholder protection provisions. Using firm-level data from the Investors Research Responsibility Center for the period 1990–2000, we find that antitakeover governance provision...

Ausführliche Beschreibung

Gespeichert in:

Bibliographische Detailangaben
Veröffentlicht in:	Journal of financial and quantitative analysis 2005-12, Vol.40 (4), p.693-719
Hauptverfasser:	Klock, Mark S., Mansi, Sattar A., Maxwell, William F.
Format:	Artikel
Sprache:	eng
Schlagworte:	Anti takeover strategy Bond market Bond markets Business structures Chief executive officers Convexity Corporate debt Corporate governance Credit ratings Debt Debt financing Empirical tests Financial economics Financial leverage Financing Shareholders Statistical analysis Stock exchange Stock prices Stock returns Stockholders U.S.A Yield curves
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!

Schreiben Sie den ersten Kommentar!