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The Usefulness of Hybrid Security Classifications: Evidence from Redeemable Preferred Stock.

Paul Kimmel; Terry D. Warfield

The Accounting Review 1995

Abstract Presents empirical evidence on the economic substance of the hybrid security redeemable preferred stock (RPFD). Variation in the relation between firm leverage and systematic risk; RPFD's impact on systematic risk; Factors affecting market perception of RPFD.

DOI
10.2308/tar-9502082513
Volume
70 (1)
Pages
151-167
Language
en
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