The Usefulness of Hybrid Security Classifications: Evidence from Redeemable Preferred Stock.
实证研究可赎回优先股的经济实质，分析企业杠杆与系统风险的关系，以及市场如何看待这种混合证券。
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.