One of the easiest way to do this is by issuing bonds, which many corporations do on a global basis, borrowing from wherever the demand is greatest, and the rates lowest. The corporate bond market is large, and also very diverse.
The results are weaker than those found by some previous studies which examined the relationship between US corporate bond credit spreads and the term structure of US interest rates. The weakness of the relationship suggests that credit spreads on sterling investment-grade corporate bonds have been ...
credit spread changes.The lower the rating category and the longer the maturity of the bond the stronger both e.ects.For BBB rated bonds, changes in liquidity -measured as the bid-ask spread- significantly influence credit spread changes.Higher rated bonds (AAA and AA) are also driven by ...
and wideningofcorporate bondcredit spreads, partially offset by the increase in [...] prudential.co.uk prudential.co.uk 二零一一年支出為(2.01)億英鎊,反映 3.2%的實際投資回報與 5.1%的假定長期回報率之間的差異,主要反映股市下挫及企 業債券信貸息差擴大,並部分被債券收益率降低後的資產價值...
Using secondary market data on corporate bonds issued in Japan between 1997 and 2005, this paper explores the determinants of the credit spread of corporate bond rates over interest swap rates. We find that the credit spreads properly reflect financial factors at the firm level, including debt-to...
State ownership and industry play significant roles in moderating the impact of ESG disclosure on corporate bond credit spreads. Specifically, the ESG disclosure of non-state-owned companies and companies in non-high-pollution and -energy-consumption industries has a greater impact on reducing ...
WASHINGTON (Reuters) - Corporate bond market spreads tightened slightly on Wednesday after Donald Trump's presidential election victory, as the market weighs the pros and cons of his return to the White House. The former president's victory in several highly contested states pushed him ove...
Corporate Bonds, Prinzipal-Agent-Theorie, Kapitalmarktfinanzierung, Emittenten, Investoren, Rating, Credit Spreads, Bonitätsrisiko, Zinsänderungsrisiko, Euro-Anleihen, Entwicklung des Bondmarktes, alternative Finanzierungsformen, Besicherung, Risikomanagement. Ende der Leseprobe aus 42 Seiten - ...
First, the active use of the corporate bond market to help finance. 一是积极帮助企业利用债券市场融资. 互联网 Corporate bond markets ( CBM ) can play important role in economic development. 公司债券市场 ( CBM ) 在经济发展中起着重要作用. 互联网 Nonstandard credit - evaluating organizations are...
What drives short-term credit spreads: credit risk, liquidity risk, or both? Despite a large empirical literature on corporate yield spreads, very few stud... JZ Huang,B Liu,Z Shi - 《Mutual Funds》 被引量: 0发表: 2020年 Rollover Risk and Corporate Bond Spreads Using a new data set on...