The Impact of Seniority and Security Covenants on Bond Yields: A Note

Authors

  • GORDON S. ROBERTS,

  • JERRY A. VISCIONE

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    • Dalhousie University and Boston College, respectively. We wish to thank Darlene Bator, Alan Gladwin, Steven Kwiatkowski, Carolyn Lock, Nicholas Portman, and Wyman Webb for excellent research assistance. We are also indebted to Mark Casson, Nikolai Fartuch, George Kaufman, John Motherwell, Richard Venn, and Yalagueresh Yalawar for many helpful comments and to the Associates' Workshop, School of Business Administration, University of Western Ontario, and the Boston College Research Council for financial support. We are, of course, solely responsible for any errors.

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