Managerial Entrenchment and Corporate Bond Financing: Evidence from Japan [PDF]
, 2009 This paper investigates whether managerial entrenchment of controlling shareholders affects corporate bond financing. Using data on Japanese manufacturing firms, we find that firms with controlling shareholders issue less straight corporate bonds than ...
Takanori Tanaka
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The Impact of Green Bond Issuance on Corporate Environmental and Financial Performance: An Empirical Study of Japanese Listed Firms [PDF]
International Journal of Financial StudiesBased on firm-level data of Japanese listed companies for the period of 2013–2022, this study conducts an empirical analysis to investigate how the issuance of green bonds influences corporate environmental and financial performance.
Yutong Bai
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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
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Spread determinants in corporate bond pricing: The effect of market and liquidity risks [PDF]
Panoeconomicus, 2022 This paper investigates the effect of market and liquidity risks on corporate bond pricing in Turkey, an emerging market, and in Europe. Results show that corporate bond returns have exposure to liquidity factors and not to market factors in both ...
Özdemir-Dilidüzgün Menevşe +2 more
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Green Bond, Institutional Investors and Corporate Value [PDF]
SHS Web of Conferences, 2023 Based on the data of China’s green bond market, this paper selects companies that issue green bonds in China’s A-share listed companies from 2015 to 2021 and other listed companies in the industry as research objects to explore the impact and mechanism ...
Chen Ke, Ma Zixuan
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Current and prospective estimate of counterparty risk through dynamic neural networks [PDF]
Risk Management Magazine, 2022 The estimate of the probability of default plays a central role for any financial entity that wants to have an overview of the risks of insolvency it may incur by having economic relations with counterparties.
Alessio Agnese +2 more
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Bond Financing, Research and Development Input, and Total Factor Productivity
Discrete Dynamics in Nature and Society, 2021 From the angle of research and development (R&D) input, this paper analyzes how bond financing affects corporate total factor productivity (TFP). Based on the 2007–2019 data on listed enterprises, the influence and action mechanism of bond financing on ...
Xing He, Mancang Wang
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Corporate Bond Pricing Model with Interaction between Liquidity and Credit Risk
Complexity, 2022 This study derives a liquidity and credit risk-adjusted capital asset pricing model and investigates the model using the data set in China's corporate bond market.
Zijian Wu, Baochen Yang, Yunpeng Su
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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
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Humanities & Social Sciences Communications, 2023 Based on the staggered difference-in-difference (DID) model, this paper uses Chinese listed firms between 2012 and 2020 to investigate the impact of green bond issuance on corporate environmental, social and governance (ESG) performance.
Jinyu Chen +4 more
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