Neu-Emissions-Prämien: Handlungsalternativen für CFOs bei der Emission von Corporate Bonds

Underpricing of corporate bond offerings result in excess returns for investors (new issue premia) but lead to higher costs for the issuer. This paper analyses the new issue premia of 1.556 Euro denominated fixed coupon corporate bonds and finds a systematic underpricing of new issued bonds. The results are evaluated from a perspective of CFOs whether opportunities for saving funding costs exist.

MoreLess

Year of publication:	2019
Authors:	Daube, Carl Heinz ; Krivenkov, Vladislav
Publisher:	Kiel, Hamburg : ZBW – Leibniz Information Centre for Economics
Subject:	Neu-Emissionprämien \| CFO \| Handlungsoptionen für CFO \| Unternehmensfinanzierung

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	German
Other identifiers:	1676199233 [GVK] hdl:10419/191940 [Handle] RePEc:zbw:esprep:191940 [RePEc]
Classification:	G31 - Capital Budgeting; Investment Policy
Source:	EconStor

Persistent link: https://www.econbiz.de/10011965840