Terrill R. Keasler

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Many companies in recent years are seeking new ways to manage their debt liabilities. Companies with outstanding debt securities can engage in a variety of transactions with bond holders. Choices will depend to some extent on whether or not the company has access to cash and is able to purchase in the open market or through cash tender offer, or if without(More)
Previous studies examining the impact of event risk bond covenants on shareholder wealth have conflicting results. Bae, Klein and Padmaraj (1994) find a significant positive stock price reaction related to the issuance of event risk protected bonds. While Cook and Easterwood (1994) find an opposite effect. We examine a sample of convertible bonds and(More)
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