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Callable Bonds: A Risk‐Reducing Signalling Mechanism—A Comment

1988; Wiley; Volume: 43; Issue: 4 Linguagem: Inglês

10.1111/j.1540-6261.1988.tb02624.x

1540-6261

Larry D. Wall,

Banking stability, regulation, efficiency

The Journal of FinanceVolume 43, Issue 4 p. 1057-1065 Comment and Reply Callable Bonds: A Risk-Reducing Signalling Mechanism—A Comment LARRY D. WALL, LARRY D. WALL Federal Reserve Bank of Atlanta. The opinions expressed in this paper are those of the author and do not necessarily represent the views of the Federal Reserve Bank of Atlanta or the Federal Reserve System. The author thanks Kwun-Wing C. Fung for helpful comments.Search for more papers by this author LARRY D. WALL, LARRY D. WALL Federal Reserve Bank of Atlanta. The opinions expressed in this paper are those of the author and do not necessarily represent the views of the Federal Reserve Bank of Atlanta or the Federal Reserve System. The author thanks Kwun-Wing C. Fung for helpful comments.Search for more papers by this author First published: September 1988 https://doi.org/10.1111/j.1540-6261.1988.tb02624.xCitations: 4 Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onEmailFacebookTwitterLinkedInRedditWechat REFERENCES 1M. Arak, A. Estrella, L. Goodman, and A. Silver. Interest Rate Swaps: An Alternative Explanation." Paper presented to the Financial Management Association meetings in Las Vegas, October 1987. Google Scholar 2A. Barnea, R. A. Haugen, and L. W. Senbet. A Rationale for Debt Maturity Structure and Call Provisions in the Agency Theoretic Framework. Journal of Finance 35 (December 1980), 1223–34. 10.1111/j.1540-6261.1980.tb02205.x Web of Science®Google Scholar 3A. Bodie and R. A. Taggart. Future Investment Opportunities and the Value of the Call Provision on a Bond. Journal of Finance 33 (September 1978), 1187–1200. 10.1111/j.1540-6261.1978.tb02056.x Web of Science®Google Scholar 4S. C. Myers. Determinants of Corporate Borrowing. Journal of Financial Economics 5 (November 1977), 147–76. 10.1111/j.1540-6261.2004.00692.x Web of Science®Google Scholar 5E. H. Robbins and J. D. Schatzberg. Callable Bonds: A Risk-Reducing Signalling Mechanism. Journal of Finance 41 (September 1986), 935–49. 10.1111/j.1540-6261.1986.tb04558.x Web of Science®Google Scholar Citing Literature Volume43, Issue4September 1988Pages 1057-1065 ReferencesRelatedInformation