Embedded options and interest rate risk for insurance companies, banks and other financial institutions

JH Lee, DR Stock - The Quarterly Review of Economics and Finance, 2000 - Elsevier
We explore how embedded options in assets and liabilities of financial institutions impact
interest rate risk, which is measured by equity value change with interest rate movements. We …

The impact of state income taxes on municipal borrowing costs

DS Kidwell, TW Koch, DR Stock - National Tax Journal, 1984 - journals.uchicago.edu
This research examines whether differences in state personal income taxes affect relative
state and local government borrowing costs. The results indicate that borrowing costs are …

Issue size and term-structure segmentation effects on regional yield differentials in the municipal bond market

DS Kidwell, TW Koch, DR Stock - Journal of Economics and Business, 1987 - Elsevier
This study extends the debate regarding segmentation influences in the market for municipal
securities. In particular, it provides empirical evidence that relative security supplies, …

The impact of junior debt issuance on senior unsecured debt's risk premiums

SC Linn, DR Stock - Journal of Banking & Finance, 2005 - Elsevier
Numerous studies have examined the impact of security issuance upon the value of pre-existing
debt and equity but the focus has largely been on changes in equity value. We examine …

Investment and financing activity following calls of convertible bonds

MJ Alderson, BL Betker, DR Stock - Journal of Banking & Finance, 2006 - Elsevier
… We searched the database for bonds that were convertible into common stock and found
1246 issues sold by 1007 companies over the period 1980 through September 1999. Table 1 …

Does the choice between fixed price and make whole call provisions reflect differential agency costs?

MJ Alderson, F Lin, DR Stock - Journal of Corporate Finance, 2017 - Elsevier
Bonds with either fixed price or make whole call provisions allow for the efficient recontracting
of claims, but they differ in terms of their ability to mitigate debt agency costs. Controlling …

Impact of new debt offerings on existing corporate bondholders

F Chen, DR Stock - Journal of Financial Research, 2018 - Wiley Online Library
… In contrast to our research, Linn and Stock analyze only the … Linn and Stock use price
and yield information obtained from … Linn and Stock's sample comprises only 63 junior bond …

The essence of strategic leadership: Managing human and social capital

MA Hitt, R Duane - Journal of Leadership & Organizational …, 2002 - journals.sagepub.com
… Management of these resources involves evaluating current resource stocks and making
changes such as adding (eg, developing or acquiring externally) and deleting (eg, layoffs) …

[PDF][PDF] Do Firms Invest More After Calling Their Convertible Bonds?

MJ Alderson, BL Betker, DR Stock - 2002 - ou.edu
Forced conversion of convertible bonds has an important role in corporate governance if it
leads to increased investment, as predicted by the staged financing hypothesis. We examine …

What Happens to Bond Liquidity When Some Bonds of the Issuer Mature?

DR Stock, R Wang, RS Goldberg… - The Journal of Fixed …, 2023 - pm-research.com
The Journal of Fixed Income (JFI) provides sophisticated analytical research and case studies
on bond instruments of all types—investment grade, high-yield, municipals, ABS and MBS…