Delaware Incorporation and Bonds

"Does Delaware Incorporation Affect Bondholder Wealth?"by Francis, Hasan, John, and Waisman.First the answer: Yes.Bonds rarely spark the interest of stocks, but this one is sort of cool. Francis, Hasan, John, and Waisman examine the interest rates spreads of corporate issues based on where companies are incorporated. They find that firms that are incorporated in Delaware pay a penalty (in the