Credit Ratings in the Japanese Bond Market [PDF]
SSRN Electronic Journal, 2006 Recently, credit ratings have been enhancing the influence on issuers as well as the national economy. This paper explains the historical development and several current features of the Japanese bond market, and discusses why credit ratings gained a ...
Narunto Nishigaki +2 more
core +9 more sources
Effectivenes of incentive constraint policies in enhancing green bond credit rating and certification: A theoretical and empirical study. [PDF]
PLoS ONE, 2023 This paper aims to effectively reduce CO2 emissions by examining the impact of three distinct incentive and constraint policies on the quality of rating and certification information in China's green bond issuance market.
Hanyi Zhao +3 more
doaj +4 more sources
Credit rating announcement and bond liquidity: the case of emerging bond markets [PDF]
Journal of Economics Finance and Administrative Science, 2022 Purpose – This study examines the effect of the informational content of local credit rating announcements in emerging markets on the liquidity of their bond markets.
Amir Saadaoui +2 more
doaj +4 more sources
Does credit rating agency reputation matter in China's local government bond market? [PDF]
PLoS ONE, 2022 All issuers in China's local government bond market, which is nascent but growing rapidly, have the same AAA ratings. However, we provide evidence that the credit rating agency's reputation can certify differences in ratings' reliability and further ...
Changqian Xie, Rubi Ahmad, Eric H Y Koh
doaj +3 more sources
Research on the effect of multiple credit ratings from the perspective of financial regulatory systems in Chinese bond market. [PDF]
PLoS ONEThis paper, starting from the effects of financial regulatory policies, considers the interaction between Chengxin_Moody and Lianhe_Fitch with the dual rating system and the multi-rating system, constructs a new ordered Logit model, and attempts to ...
Xiangyun Zhou +2 more
doaj +2 more sources
Credit rating in dynamic response to the nature of firms and the business model of rating agencies: evidence from the Chinese bond market [PDF]
Heliyon, 2022 This paper takes the A-share listed companies that issued credit bonds from 2010 to 2021 as the sample to test the probability and degree of credit rating change throughout the enterprise life cycle using the ordered logit and breakpoint regression ...
Yan Huo, Bangming Gong
doaj +2 more sources
Behaviour of bond’s embedded option with regard to credit rating
Business: Theory and Practice, 2018 In this financial engineering research, we study the behaviour of an option premium of a call/put option which is embedded in a typical fixed coupon bond with finite maturity.
Bohumil Stádník
doaj +5 more sources
The cross-section of Chinese corporate bond returns
Journal of Finance and Data Science, 2023 We study the relation between bond characteristics and corporate bond returns in China's two distinct and segmented bond markets—the interbank market and the exchange market—with a large cross-sectional dataset of 8318 corporate bonds from January 2010 ...
Xiaoyan Zhang, Zijian Zhang
doaj +1 more source
Issues concerning Social Security, Medicare and the national debt [PDF]
Health Economics and Management Review, 2023 It happens quite usually that national politicians can regularly speak of limiting Social Security and Medicare in some ways. However, when confronted with enough public scrutiny in general, those politicians who advocate such reductions become less ...
Paul F. Gentle
doaj +1 more source
Drivers of Corporate Bond Market Liquidity: Evidence from Pakistan
NUST Journal of Social Sciences and Humanities, 2021 This study examines the factors that contribute to corporate bond market liquidity using the data of Term Finance Certificates from March 2009 to March 2018.
Attiya Yasmin Javid, Waseem Khan
doaj +3 more sources