… Finnerty [19] describes how US corporations responded to TEFRA's closing of the domestic
tax loophole by their issuing zero coupon bonds to Japanese investors in order to exploit a …

We document the ability of the credit default swap (CDS) market to anticipate favorable as
well as unfavorable credit rating change (RC) announcements based on more extensive …

… This paper is a sequel to Finnerty (1988, 1992), and draws significantly from Finnerty and
Emery (2001).* It updates the list of innovative corporate securities through year-end 2000. It …

… That's why author John Finnerty has returned with the Third … Drawing on his vast experience
in the field, Finnerty details each step of … Along the way, Finnerty offers up-to-date insights on …

… Finnerty is a Professor of Finance at Fordham University and a Managing Principal of Finnerty
Economic Consulting, LLC. Douglas R. Emery is a Professor of Finance at the University …

Statement of Financial Accounting Standards (SFAS) standardizes the accounting treatment
for derivative instruments by requiring all entities to report their derivatives as assets and …

Private equity is … private. This means that it can be challenging to monitor, examine, and
benchmark the performance of private equity investments. As pension plans, insurers, and …

Activities, because the quantity and variety of derivatives owned by firms have increased
rapidly and the effects of the derivatives were not transparent in the financial statements. SFAS …

The value of a conventional convertible bond is the value of a straight bond plus the value of
the option to exchange it for a specified number of shares of common stock. First, I develop …

The literature contains four explanations for the private placement discount. I find that all four
contribute to the discount: loss of option value due to transfer restrictions, equity ownership …