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- Publications
- Influence
Governance Mechanisms and Bond Prices
- M. Cremers, Vinay B. Nair, Chenyang (Jason) Wei
- Business
- 1 October 2006
We investigate the effects of shareholder governance mechanisms on bondholders and document two new findings. First, the impact of shareholder control (proxied by large institutional blockholders) on… Expand
The Impact of Shareholder Control on Bondholders
- M. Cremers, Vinay B. Nair, Chenyang (Jason) Wei
- Business
- 1 March 2004
This paper investigates the effect of shareholder control on bondholder wealth. While stronger shareholder control can benefit bondholders by disciplining managers, it also increases the likelihood… Expand
The Private Premium in Public Bonds
- Anna Kovner, Chenyang (Jason) Wei
- 1 February 2012
This paper is the first to document the presence of a private premium in public bonds. We find that spreads are 31 basis points higher for public bonds of private companies than for bonds of public… Expand