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Corporate yields and sovereign yields [PDF]
Abstract We document that positive association between corporate and sovereign cost of funds borrowed on global capital markets weakens during periods of unusually high sovereign yields, when some corporate borrowers are able to issue debt that is priced at lower rates than sovereign debt.
Bevilaqua, Julia+2 more
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We study a new data set of dividend futures with maturities up to ten years across three world regions: the US, Europe, and Japan. We use these asset prices to construct equity yields, analogous to bond yields. We decompose the equity yields to obtain a term structure of expected dividend growth rates and a term structure of risk premia, which ...
van Binsbergen, Jules+3 more
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Stable Isotopes Reveal Climate Signal Hidden in Tree Rings of Endemic Balkan Pines
Studies report the good potential of Pinus heldreichii (PIHE) and Pinus peuce (PIPE) for developing long chronologies from living trees and warn that the climate signal is weak in tree-ring widths of PIHE, and particularly PIPE.
Tom Levanič+2 more
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Flowering is central to the transformation of plants from vegetative growth to reproductive growth. The circadian clock system enables plants to sense the changes in the external environment and to modify the growth and development process at an ...
Yongzhen Wu+17 more
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We present a model of the relationship between real interest rates, credit spreads, and the structure and risk of the banking system. Banks intermediate between entrepreneurs and investors, and can monitor entrepreneurs projects. We characterize the equilibrium for a xed aggregate supply of savings, showing that safer entrepreneurs will be funded by ...
Rafael Repullo+3 more
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Genomics for Yield and Yield Components in Durum Wheat
In recent years, many efforts have been conducted to dissect the genetic basis of yield and yield components in durum wheat thanks to linkage mapping and genome-wide association studies. In this review, starting from the analysis of the genetic bases that regulate the expression of yield for developing new durum wheat varieties, we have highlighted how,
Taranto, Francesca+2 more
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Interdependence of yield and soybean yield components
This paper presents the results of a two-year study of six selected soybean genotypes with the aim of examining which of the genotypes in the given production conditions give the best results in regards with the amount and quality of seed yield. All genotypes belong to a zero-maturity group.
Radić Vojo+2 more
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Forestry projections for species diversity-oriented management: an example from Central Europe
Introduction Changes in socio-economy and climate are affecting the demand of wood products globally. At the same time, society requires that forest supporting structures like biodiversity are maintained and preserved while the demand for wood products ...
Astor Toraño Caicoya+4 more
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Spatial and temporal changes of outdoor thermal stress: influence of urban land cover types
Green infrastructure (GI) has emerged as a feasible strategy for promoting adaptive capacities of cities to climate change by alleviating urban heat island (UHI) and thus heat stress for humans. However, GI can also intensify the winter cold stress.
Mohammad A. Rahman+8 more
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Background Recent projections expect that Vietnam will be affected most severely by climate change with higher temperatures, more precipitation and rising sea levels.
Astrid Moser-Reischl+6 more
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