Reference health

The Price of Law: The Case of the Eurozone Collective Action Clauses

https://doi.org/10.2139/ssrn.2817041
CiteStamped reference-health badge
29/29 checkable references clean · checked 2026-08-27

Every reference with a DOI in the deposited reference list resolved to a known work in Crossref or DataCite at the dated check, and none carried a retraction, withdrawal, or removal notice.

13 without a DOI — not checked. A reference deposited without a DOI is never matched by title or guessed at; it stays outside the checked set, and this line discloses that.

The 29 checked references that resolve
resolves10.1086/432166
Unbundling Institutions
resolves10.2307/2297860
An Incomplete Contracts Approach to Financial Contracting
resolves10.1111/j.1540-6261.2009.01450.x
Creditor Rights, Enforcement, and Bank Loans
resolves10.1007/s11142-017-9424-0
Equity cross-listings in the U.S. and the price of debt
resolves10.1016/j.jinteco.2013.11.006
Collective action clauses: How do they affect sovereign bond yields?
resolves10.1093/rfs/hhm088
Flight-to-Quality or Flight-to-Liquidity? Evidence from the Euro-Area Bond Market
resolves10.1016/s0022-1996(02)00075-2
Bond restructuring and moral hazard: are collective action clauses costly?
resolves10.1111/jofi.12418
Presidential Address: Debt and Money: Financial Constraints and Sovereign Finance
resolves10.1111/j.1467-937x.2009.00541.x
Structuring and Restructuring Sovereign Debt: The Role of Seniority<sup>1</sup>
resolves10.1093/rof/rft050
Collective Action Clauses for the Eurozone
resolves10.1093/pan/mpi014
Understanding Interaction Models: Improving Empirical Analyses
resolves10.1111/isqu.12079
Political Institutions, Credible Commitment, and Sovereign Debt in Advanced Economies
resolves10.2139/ssrn.3159665
Use of the Local Law Advantage in the Restructuring of European Sovereign Bonds
resolves10.1093/rfs/hht003
Do Implicit Barriers Matter for Globalization?
resolves10.1016/j.jinteco.2018.06.004
Foreign-law bonds: Can they reduce sovereign borrowing costs?
resolves10.1257/aer.20130932
A Seniority Arrangement for Sovereign Debt
resolves10.1093/cmlj/kmr003
Pricing terms in sovereign debt contracts: a Greek case study with implications for the European crisis resolution mechanism
resolves10.1057/jibs.2010.52
How legal environments affect the use of bond covenants
resolves10.1111/j.1540-6261.2007.01293.x
How Laws and Institutions Shape Financial Contracts: The Case of Bank Loans
resolves10.1111/j.1367-0271.2003.00124.x
Do Collective Action Clauses Influence Bond Yields? New Evidence from Emerging Markets
resolves10.1093/rfs/hhw034
The Effect of Negative Equity on Mortgage Default: Evidence From HAMP’s Principal Reduction Alternative
resolves10.1257/000282803321946859
Will the Sovereign Debt Market Survive?
resolves10.1093/jleo/18.1.155
Credible Commitment in Early Modern Europe: North and Weingast Revisited
resolves10.2307/2331143
Bond Returns, Liquidity, and Missing Data
resolves10.1016/j.jdeveco.2009.12.005
The elusive costs of sovereign defaults
resolves10.1111/1758-5899.12571
Managing Deep Debt Crises in the Euro Area: Towards a Feasible Regime
resolves10.1080/07366989509453047
Of Interest
The 13 references without a DOI — listed, not checked
no DOI — not checkedThe Financial and Macroeconomic Effects of the OMT Announcements
no DOI — not checkedref5
no DOI — not checkedThe Impact of Foreign Governing Law of European Government Bond Yields
no DOI — not checkedSovereign Default in a Rich Country
no DOI — not checkedThe dependent variable (log(Yield i,c,t ) is weekly log-yields. The independent control variables (Z) are: pseudo CAC, Duration, Log Amount. Bid-Ask Spread, Turnover. As variables of interest (X) we include: Rating or Quality of Law (X), and pseudo CAC * Rating or Quality of Law (pseudo CAC * X). When X equals the Quality of Law, control variables Z also include Rating. Week fixed effects are also included. The estimated equation is therefore: The sample ranges from
no DOI — not checkedref34
no DOI — not checkedHeritage is the extent to which a country's legal framework allows individuals to accumulate private property freely, secured by clear laws that the government enforces effectively; PRS measures law and order; World Bank captures the rule of law. Further details on the explanatory variables are provided in Appendix Table A1. The table reports the net effect of pseudo CAC provisions, i.e., ?pseudo CAC i + ?pseudo CAC i * X c,t , for salient Country Ratings, and for values of the Quality of Law indicators, and below in parentheses the standard errors that are adjusted for clustering at the matched bonds level. The significance levels on the net effects are the outcome of a Wald test of the hypothesis: H: ? + ?X c,t = 0, assessed using a Student t distribution. Numbers in square brackets refer to the percentage of the entire sample (bond-week observations) with a given Rating or with a given value of Quality of Law. *** Significant at the 1 percent level
no DOI — not checkedJudicial Efficiency Index LLSV (EJ) Efficiency and integrity of the legal environment as it affects business, particularly foreign firms.� (10 point scale, bad to good)
no DOI — not checkedProperty Rights Index Heritage The extent to which a country's legal framework allows individuals to accumulate private property freely, secured by clear laws that the government enforces effectively.� (100 point original scale
no DOI — not checkedref39
no DOI — not checkedref40
no DOI — not checkedref41
no DOI — not checkedThis table provides a detailed description of our variables. Panel A: ratings are measured every Friday; all other variables are weekly averages of daily values. Data source is Bloomberg. Panel B: data source as indicated. December values for PRS
What this badge says. CiteStamped means the CHECKABLE references of this work were clean at the dated check: each resolved to a known work in a public registry, and none carried a retraction notice at that time. It says nothing about the quality, findings, or importance of the work itself, and nothing about references deposited without a DOI.

checked 2026-08-27 — re-checked daily as this page is visited; titles and statuses come from Crossref and DataCite and are not part of the signed record

Embed this badge

Both snippets point at the live badge image and link back to this page. The badge re-renders from the daily check, so an embed never goes stale by more than a day of visits.

<a href="https://citestamp.com/citestamped/10.2139/ssrn.2817041"><img src="https://citestamp.com/citestamped/10.2139/ssrn.2817041/badge.svg" alt="CiteStamped reference-health badge" width="460" height="64"></a>
[![CiteStamped reference-health badge](https://citestamp.com/citestamped/10.2139/ssrn.2817041/badge.svg)](https://citestamp.com/citestamped/10.2139/ssrn.2817041)