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Countercyclical Debt Repurchases: Why Do Firms Buy Back Their Debt?

https://doi.org/10.2139/ssrn.4052280
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24/24 checkable references clean · checked 2026-08-28

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.

12 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 24 checked references that resolve
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The Leverage Ratchet Effect
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Corporate Debt Maturity and the Real Effects of the 2007 Credit Crisis
resolves10.1016/0304-405X(86)90065-6
Asset pricing and the bid-ask spread
resolves10.1093/rfs/hhy099
Firm Financing over the Business Cycle
resolves10.1093/rfs/hhn098
Market Liquidity and Funding Liquidity
resolves10.1016/j.jfineco.2020.09.002
Systematic risk, debt maturity, and the term structure of credit spreads
resolves10.1016/j.jfineco.2018.07.009
Corporate debt maturity profiles
resolves10.1111/j.1540-6261.1989.tb05065.x
Information Effects Associated with Debt‐for‐Equity and Equity‐for‐Debt Exchange Offers
resolves10.1257/aer.101.2.877
The Cyclical Behavior of Debt and Equity Finance
resolves10.1111/jofi.13001
Leverage Dynamics without Commitment
resolves10.1111/jofi.12118
A Theory of Debt Maturity: The Long and Short of Debt Overhang
resolves10.1111/jofi.12133
Refinancing Risk and Cash Holdings
resolves10.1093/rfs/hhw039
Dynamic Debt Maturity
resolves10.1111/j.1540-6261.2012.01721.x
Rollover Risk and Credit Risk
resolves10.1016/0304-405X(76)90026-X
Theory of the firm: Managerial behavior, agency costs and ownership structure
resolves10.1257/aer.102.1.238
Macroeconomic Effects of Financial Shocks
resolves10.1111/jacf.12070
The Decision to Repurchase Debt
resolves10.3917/fina.403.0045
Bond Prices, Yield Spreads, and Optimal Capital Structure with Default Risk
resolves10.1111/j.1540-6261.1994.tb02452.x
Corporate Debt Value, Bond Covenants, and Optimal Capital Structure
resolves10.1111/0022-1082.00051
Agency Costs, Risk Management, and Capital Structure
resolves10.1016/j.jbankfin.2005.12.008
Determinants of bond tender premiums and the percentage tendered
resolves10.1016/0304-405X(77)90015-0
Determinants of corporate borrowing
resolves10.1093/rfs/hhx116
Kicking Maturity Down the Road: Early Refinancing and Maturity Management in the Corporate Bond Market
The 12 references without a DOI — listed, not checked
no DOI — not checkedref2
no DOI — not checkedCorporate-debt prices are prompting buybacks, some financed by shortterm bank borrowings
no DOI — not checkedref7
no DOI — not checkedref10
no DOI — not checkedref17
no DOI — not checkedA theory of workouts and the effects of reorganization law
no DOI — not checkedref24
no DOI — not checkedref29
no DOI — not checkedThe decision between tender offers and open market bond repurchase: Do bond issuers time the market
no DOI — not checkedRepurchasing debt
no DOI — not checkedref34
no DOI — not checkedref35
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.

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