Results 271 to 280 of about 1,362,324 (351)

Predicting individual corporate bond returns

Journal of Banking & Finance, 2021
This paper finds positive evidence of return predictability and investment gains for individual corporate bonds for an extended period from 1973 to 2017. Our sample consists of both public and private company bond observations. We have implemented multiple machine learning methods and designed a Fama-Macbeth-type predictive performance evaluation.
Guanhao Feng, Xin He, Yanchu Wang, Chunchi Wu   +3 more
openaire   +1 more source

Corporate Bonds with Implicit Government Guarantees

Social Science Research Network, 2020
Implicit government guarantees benefit corporate bonds issued by state-owned enterprises (SOEs) through a solvency protection premium and a bailout premium.
Ran Zhang, Yifei Li, Yuan Tian
semanticscholar   +1 more source

EURO CORPORATE BOND RISK FACTORS [PDF]

Journal of Applied Econometrics, 2011
SUMMARYThis paper investigates the determinants of credit spread changes in euro‐denominated bonds. We adopt a factor model framework, inspired by the credit risk structural approach, as credit spread changes can be easily viewed as an excess return on corporate bonds over Treasury bonds.
CASTAGNETTI, CAROLINA, ROSSI, EDUARDO
openaire   +3 more sources

Corporate Transparancy and Bond Liquidity [PDF]

SSRN Electronic Journal, 2014
To answer the question what causes an asset to be illiquid, we analyze the impact that transparency of corporate accounting information has on the liquidity of its traded bonds. In particular, we focus on how this relationship depends on aggregate liquidity and the financial state of the firm.
Fecht, Falko, Füss, Roland, Rindler, Philipp B.   +2 more
openaire   +1 more source

Corporate Bonds and Product Market Competition

Journal of Financial Research, 2020
This study explores how competitive threats affect the yield spread of corporate bonds. I find that firms that face high levels of competition also face higher costs of debt. After controlling for common bond-level, firm-level and macroeconomic variables,
Katarzyna Platt
semanticscholar   +1 more source

Hedging Corporate Bonds

Journal of Business Finance & Accounting, 1999
We examine Treasury bond and stock index futures, the swap curve and two types of hypothetical corporate bond assets as alternative hedging instruments for portfolios of corporate bonds. Conducting ex post and ex ante tests we find evidence that credit quality and maturity are important sources of basis risk when hedging corporate bonds whose credit ...
Michalis Ioannides, Frank S. Skinner
openaire   +1 more source

Corporate Bond Specialness

SSRN Electronic Journal, 2007
Using data on all corporate bond loans by one of the world’s largest custodian banks, we study the main determinants of shorting costs as measured by rebate rate specialness. We find that 3.0% of corporate bonds are on loan, and 11% of loaned bonds have substantial shorting costs above 50 basis points.
Amrut J. Nashikkar, Lasse Heje Pedersen
openaire   +1 more source

Institutional Allocations in the Primary Market for Corporate Bonds

Journal of Financial Economics, 2019
Using 2002–2014 insurer transactions, we provide the first empirical evidence on underwriters’ allocation practices in the primary market for corporate bonds.
S. Nikolova, Liying Wang, J. Wu
semanticscholar   +1 more source

ESG in Global Corporate Bonds: The Analysis Behind the Hype

, 2020
Both large institutional and individual retail investors are increasingly demanding that the stewards of their savings demonstrate consideration of environmental, social, and governance (ESG) externalities in their decision making.
Bhupinder Bahra, Lovjit Thukral
semanticscholar   +1 more source

The Riskiness of Corporate Bonds [PDF]

Journal of Money, Credit and Banking, 2009
We use an index of riskiness recently proposed by Aumann and Serrano () to analyze how the riskiness of diversified portfolios of corporate bonds changes across rating classes and through time and how it compares to the riskiness of other financial instruments.
openaire   +1 more source