IDEAS home Printed from https://ideas.repec.org/a/bla/jfnres/v9y1986i4p303-312.html
   My bibliography  Save this article

The Differential Effects Of Sinking Funds On Bond Risk Premia

Author

Listed:
  • W. Brian Barrett
  • Andrea J. Heuson
  • Robert W. Kolb

Abstract

No abstract is available for this item.

Suggested Citation

  • W. Brian Barrett & Andrea J. Heuson & Robert W. Kolb, 1986. "The Differential Effects Of Sinking Funds On Bond Risk Premia," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 9(4), pages 303-312, December.
    • Handle: RePEc:bla:jfnres:v:9:y:1986:i:4:p:303-312
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1111/j.1475-6803.1986.tb00462.x
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Boardman, Calvin M. & McEnally, Richard W., 1981. "Factors Affecting Seasoned Corporate Bond Prices," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 16(2), pages 207-226, June.
    2. Benson, Earl D & Rogowski, Robert J, 1978. "The Cyclical Behavior of Risk Spreads on New Municipal Issues," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 10(3), pages 348-362, August.
    3. Frank C. Jen & James E. Wert, 1966. "Imputed Yields Of A Sinking Fund Bond And The Term Structure Of Interest Rates," Journal of Finance, American Finance Association, vol. 21(4), pages 697-713, December.
    4. Yawitz, Jess B., 1978. "Risk Premia on Municipal Bonds," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 13(3), pages 475-485, September.
    5. McInish, Thomas H., 1980. "Behavior of municipal bond default-risk premiums by maturity," Journal of Business Research, Elsevier, vol. 8(4), pages 413-418, December.
    6. Jess B. Yawitz & William J. Marshall, 1981. "The Shortcomings Of Duration As A Risk Measure For Bonds," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 4(2), pages 91-101, June.
    7. Van Horne, James C., 1979. "Behavior of default-risk premiums for corporate bonds and commercial paper," Journal of Business Research, Elsevier, vol. 7(4), pages 301-313, December.
    8. Roland Robinson, 1960. "Postwar Market for State and Local Government Securities," NBER Books, National Bureau of Economic Research, Inc, number robi60-1, January.
    9. Robichek, Alexander A & Niebuhr, W David, 1970. "Tax-Induced Bias in Reported Treasury Yields," Journal of Finance, American Finance Association, vol. 25(5), pages 1081-1090, December.
    10. Gultekin, N Bulent & Rogalski, Richard J, 1984. "Alternative Duration Specifications and the Measurement of Basis Risk: Empirical Tests," The Journal of Business, University of Chicago Press, vol. 57(2), pages 241-264, April.
    11. Dyl, Edward A & Joehnk, Michael D, 1979. "Sinking Funds and the Cost of Corporate Debt," Journal of Finance, American Finance Association, vol. 34(4), pages 887-893, September.
    12. Barrett, W Brian & Heuson, Andrea J & Kolb, Robert W, 1986. "The Effect of Three Mile Island on Utility Bond Risk Premia: A Note," Journal of Finance, American Finance Association, vol. 41(1), pages 255-261, March.
    13. Benson, Earl D. & Kidwell, David S. & Koch, Timothy W. & Rogowski, Robert J., 1981. "Systematic Variation in Yield Spreads for Tax-Exempt General Obligation Bonds," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 16(5), pages 685-702, December.
    14. Ho, Thomas & Singer, Ronald F, 1984. "The Value of Corporate Debt with a Sinking-Fund Provision," The Journal of Business, University of Chicago Press, vol. 57(3), pages 315-336, July.
    15. Kidwell, David S & Trzcinka, Charles A, 1979. "The Risk Structure of Interest Rates and the Penn-Central Crisis," Journal of Finance, American Finance Association, vol. 34(3), pages 751-760, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Richard L. Smith & James R. Booth, 1985. "The Risk Structure Of Interest Rates And Interdependent Borrowing Costs: The Impact Of Major Defaults," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 8(2), pages 83-94, June.
    2. Kenneth A. Kriz & Yan Xiao, 2017. "The Impact of Rating Recalibration on Municipal Bond Yield Spreads," Public Budgeting & Finance, Wiley Blackwell, vol. 37(2), pages 83-101, June.
    3. Chunchi Wu, 1991. "A Certainty Equivalent Approach To Municipal Bond Default Risk Estimation," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 14(3), pages 241-247, September.
    4. RH Gilmer Jr. & Duane R. Stock, 1988. "Yield Volatility Of Discount Coupon Bonds," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 11(3), pages 189-200, September.
    5. Olivero, María Pía, 2010. "Market power in banking, countercyclical margins and the international transmission of business cycles," Journal of International Economics, Elsevier, vol. 80(2), pages 292-301, March.
    6. Lilly Choong & George McKenzie, 1999. "The pricing of risky coupon bonds," Applied Mathematical Finance, Taylor & Francis Journals, vol. 6(4), pages 261-273.
    7. Capelle-Blancard, Gunther & Laguna, Marie-Aude, 2010. "How does the stock market respond to chemical disasters?," Journal of Environmental Economics and Management, Elsevier, vol. 59(2), pages 192-205, March.
    8. Casey, Christopher, 2001. "Corporate valuation, capital structure and risk management: A stochastic DCF approach," European Journal of Operational Research, Elsevier, vol. 135(2), pages 311-325, December.
    9. Earl D. Benson & Barry R. Marks & K. K. Raman, 1988. "Tax Effort as an Indicator of Fiscal Stress," Public Finance Review, , vol. 16(2), pages 203-218, April.
    10. Landon, Stuart, 2009. "The capitalization of taxes in bond prices: Evidence from the market for Government of Canada bonds," Journal of Banking & Finance, Elsevier, vol. 33(12), pages 2175-2184, December.
    11. Hesser, Leon F., 1961. "Theoretical Considerations Concerning the Supply of and Demand for Long Term Credit in Agriculture," Production Economics Papers 246275, Purdue University, Department of Agricultural Economics.
    12. Lim, Terence & Lo, Andrew W. & Merton, Robert C. & Scholes, Myron S., 2006. "The Derivatives Sourcebook," Foundations and Trends(R) in Finance, now publishers, vol. 1(5–6), pages 365-572, April.
    13. Cláudia Simões & Luís Oliveira & Jorge M. Bravo, 2021. "Immunization Strategies for Funding Multiple Inflation-Linked Retirement Income Benefits," Risks, MDPI, vol. 9(4), pages 1-28, March.
    14. Zhongxing Wang & Yan Yan & Xiaosong Chen, 2016. "Long-range Correlation and Market Segmentation in Bond Market," Papers 1610.09812, arXiv.org.
    15. Hattori, Takahiro & Miyake, Hiroki, 2015. "Empirical Analysis of Yield Determinants in Japan’s Municipal Bond Market: Does Credit Risk Premium Exist?," MPRA Paper 67127, University Library of Munich, Germany.
    16. Stephanie Heck, 2022. "Corporate bond yields and returns: a survey," Financial Markets and Portfolio Management, Springer;Swiss Society for Financial Market Research, vol. 36(2), pages 179-201, June.
    17. Hang Luo & Linfeng Chen, 2019. "Bond yield and credit rating: evidence of Chinese local government financing vehicles," Review of Quantitative Finance and Accounting, Springer, vol. 52(3), pages 737-758, April.
    18. Vuong, Quan-Hoang, 2011. "Vietnam’s Corporate Bond Market, 1990-2010 : Some Reflections," OSF Preprints 894g5, Center for Open Science.
    19. John W. Peavy III & George H. Hempel, 1987. "The Effect Of The Wppss Crisis On The Tax-Exempt Bond Market," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 10(3), pages 239-247, September.
    20. Pornsit Jiraporn & Napatsorn Jiraporn & Adisak Boeprasert & Kiyoung Chang, 2014. "Does Corporate Social Responsibility (CSR) Improve Credit Ratings? Evidence from Geographic Identification," Financial Management, Financial Management Association International, vol. 43(3), pages 505-531, September.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:jfnres:v:9:y:1986:i:4:p:303-312. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley-Blackwell Digital Licensing or Christopher F. Baum (email available below). General contact details of provider: https://edirc.repec.org/data/sfaaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.