Valuing Corporate Liabilities When the Default Threshold is not an Absorbing Barrier

The Pricing of Options and Corporate Liabilities

Fischer Black, Myron S. Scholes · Journal of Political Economy · 1973 · 29.4K citations

Business, Economics, Finance +13

ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES*

Robert C. Merton · The Journal of Finance · 1974 · 11K citations · Full text

Business, Finance, Asset Pricing +16

Corporate Debt Value, Bond Covenants, and Optimal Capital Structure

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Management, Business Economics, Finance +17

VALUING CORPORATE SECURITIES: SOME EFFECTS OF BOND INDENTURE PROVISIONS

Fischer Black, John C. Cox · The Journal of Finance · 1976 · 2.5K citations

Business, Finance, Asset Pricing +10

Optimal Capital Structure, Endogenous Bankruptcy, and the Term Structure of Credit Spreads

Hayne E. Leland, Klaus Bjerre Toft · The Journal of Finance · 1996 · 2.1K citations

Business, Business Economics, Finance +17