caa a22 4500 463187431 CHVBK 20180406164858.0 cr unu---uuuuu 170326e20071001xx s 000 0 eng 10.1007/s11156-007-0033-z doi (NATIONALLICENCE)springer-10.1007/s11156-007-0033-z Valuation and classification of company issued cash and share-puts [Elektronische Daten] [William Terando, Wayne Shaw, David Smith] This paper examines whether investors' valuations of cash and share-put warrants are influenced by their potential differential effect on firm solvency. It is motivated by the enactment of SFAS 150, which requires that all contingent put warrant obligations be classified as balance sheet liabilities regardless of put type. Consistent with the critics of SFAS150, we show that market participants differentially value cash and share-puts based on their solvency characteristics beyond the firm's recorded assets and liabilities. Our results add to existing capital structure literature by suggesting that complex financial instruments (such as cash and share-puts) be reported separately from each other on a firm's balance sheet. Springer Science+Business Media, LLC, 2007 Puts nationallicence Capital structure nationallicence Debt nationallicence Equity nationallicence Terando William Iowa State University, Ames, IA, USA aut Shaw Wayne Southern Methodist University, Dallas, TX, USA aut Smith David University of Nebraska at Lincoln, Lincoln, NE, USA aut Review of Quantitative Finance and Accounting Springer US; http://www.springer-ny.com 29/3(2007-10-01), 223-240 0924-865X 29:3<223 2007 29 11156 https://doi.org/10.1007/s11156-007-0033-z text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s11156-007-0033-z text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Terando William Iowa State University, Ames, IA, USA aut NATIONALLICENCE 700 1- Shaw Wayne Southern Methodist University, Dallas, TX, USA aut NATIONALLICENCE 700 1- Smith David University of Nebraska at Lincoln, Lincoln, NE, USA aut NATIONALLICENCE 773 0- Review of Quantitative Finance and Accounting Springer US; http://www.springer-ny.com 29/3(2007-10-01), 223-240 0924-865X 29:3<223 2007 29 11156 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer