The Information Value of Distress
References
- (2003) Reputation and survival: Learning in a dynamic signalling model. Rev. Econom. Stud. 70:231–251.Crossref, Google Scholar
- (2008) Forecasting default with the Merton distance to default model. The Review of Financial Studies, 1339–1369.Google Scholar
- (1976) Valuing corporate securities: Some effects of bond indenture provisions. J. Finance 31(2):351–367.Crossref, Google Scholar
- (2012) The dynamics of going public. Rev. Finance 16:577–618.Crossref, Google Scholar
- (2007) Inflation uncertainty, asset valuations, and the credit spreads puzzle. Rev. Financial Stud. 21(6):2487–2534.Crossref, Google Scholar
- (2001) Term structures of credit spreads with incomplete accounting information. Econometrica 69(3):633–664.Crossref, Google Scholar
- (2018) Why do firms go public through debt instead of equity? Critical Finance Review, 85–110.Google Scholar
- (2001) An EBIT-based model of dynamic capital structure. J. Bus. 74(4):483–512.Crossref, Google Scholar
- (2011) Real options signaling games with applications to corporate finance. Rev. Financial Stud. 24(12):3993–4036.Crossref, Google Scholar
- (2016) Timing decisions in organizations: Communication and authority in a dynamic environment. Amer. Econom. Rev. 106(9):2552–2581.Crossref, Google Scholar
- (2014) Investment busts, reputation, and the temptation to blend in with the crowd. J. Financial Econom. 111(1):137–157.Crossref, Google Scholar
- (2019) Strategic pricing in volatile markets. Kelley School of Business Research Paper, 18–28.Google Scholar
- (2019) Investment timing and incentive costs. Rev. Financial Stud. 33(1):309–357.Crossref, Google Scholar
- (2018) Time varying risk aversion. J. Financial Econom. 128(3):403–421.Crossref, Google Scholar
- (2016) Dynamic debt maturity. Rev. Financial Stud. 29(10):2677–2736.Crossref, Google Scholar
- (2012a) Dynamic debt runs. Rev. Financial Stud. 25(6):1799–1843.Crossref, Google Scholar
- (2012b) Rollover risk and credit risk. J. Finance 67(2):391–430.Crossref, Google Scholar
- (2021) Motivational ratings. Rev. Econom. Stud. 88(4):1892–1935.Crossref, Google Scholar
- (2021) From revenue to safety: Rating agencies have changed their concerns after the crisis. J. Internat. Financial Marketing Inst. Money 73:1–20.Google Scholar
- (2014) The determinants of recovery rates in the US corporate bond market. J. Financial Econom. 114(1):155–177.Crossref, Google Scholar
- (1997) A Markov model for the term structure of credit risk spreads. Rev. Financial Stud. 10(2):481–523.Crossref, Google Scholar
- (2007) The influence of credit ratings on corporate capital structure decisions. J. Appl. Corporate Finance 19(3):65–73.Crossref, Google Scholar
- (2010) Do regulations based on credit ratings affect a firm’s cost of capital? The Review of Financial Studies, 4324–4347.Google Scholar
- (2015) Optimal stopping with private information. J. Econom. Theory 159:702–727.Crossref, Google Scholar
- (1994) Corporate debt value, bond covenants, and optimal capital structure. J. Finance 49(4):1213–1252.Crossref, Google Scholar
- (1996) Optimal capital structure, endogenous bankruptcy, and the term structure of credit spreads. J. Finance 51(3):987–1019.Crossref, Google Scholar
- (2010) Information uncertainty, information asymmetry and corporate bond yield spreads. J. Banking Finance 34(9):2265–2279.Crossref, Google Scholar
- (2011) Depression babies: Do macroeconomic experiences affect risk taking? Quart. J. Econom. 126(1):373–416.Crossref, Google Scholar
- (2013) Feedback effects of credit ratings. J. Financial Econom. 109(2):535–548.Crossref, Google Scholar
- (2010) Performance-sensitive debt. Rev. Financial Stud. 23(5):1819–1854.Crossref, Google Scholar
- (1988) A theory of dynamic oligopoly, I: Overview and quantity competition with large fixed costs. Econometrica 56(3):549–569.Crossref, Google Scholar
- (1974) On the pricing of corporate debt: The risk structure of interest rates. J. Finance 29(2):449–470.Google Scholar
- (2011) Corporate investment and financing under asymmetric information. J. Financial Econom. 99:262–288.Crossref, Google Scholar
- (2009) Learning in financial markets. Annu. Rev. Financial Econom. 1(1):361–381.Crossref, Google Scholar
- (2017) The downside of asset screening for market liquidity. J. Finance 72(5):1937–1982.Crossref, Google Scholar
- (2005) Accounting transparency and the term structure of credit spreads. J. Financial Econom. 75(1):53–84.Crossref, Google Scholar

