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- W1994927129 abstract "The authors examine equity returns of firm issuing public debt between 1980 - 1990 for three years following the debt issue. Bond rating has a strong impact upon the results. Equity returns of industrial issuers of B-rated non-shelf debt significantly underperformed the CRSP market value-weighted index over this period. All other issuers had equity returns not significantly different from the market value-weighted index. Returns for the B-rated issuers are also found to be highly skewed. A small number of firms experienced phenomenal returns, while the vast majority underperformed the market." @default.
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- W1994927129 date "1998-02-01" @default.
- W1994927129 modified "2023-10-16" @default.
- W1994927129 title "The Long-Run Performance of Firms Issuing Bonds" @default.
- W1994927129 doi "https://doi.org/10.2469/dig.v28.n1.231" @default.
- W1994927129 hasPublicationYear "1998" @default.
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