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Keywords: Market discipline
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Journal Articles
Journal:
Journal of Financial Economic Policy
Journal of Financial Economic Policy (2021) 13 (6): 772–809.
Published: 26 February 2021
... financial distress may make them more likely than bondholders to impose market discipline during troubled periods. Originality/value This paper brings several new insights to the behavior of stock and bond holders during times of financial distress and makes recommendations to regulators that may serve...
