Pricing of Risk in the Indian Corporate Bond Market: Some Evidence
Government bond issues have traditionally dominated primary and secondary Indian debt markets. Corporate bonds account for less than a fifth of outstanding issues. This study is a pioneering effort to identify the determinants of risk premium in the Indian corporate bond market between 1998 and 2002. Results of Ordinary Least Square (OLS) multiple regression indicate that the factors influencing risk premium differed for institutional and non-institutional trades. The reasons for this are discussed.
Year of publication: |
2006
|
---|---|
Authors: | Gajjala, Shailaja |
Published in: |
Asian Academy of Management Journal of Accounting and Finance. - Asian Academy of Management - AAM. - Vol. 2.2006, 2, p. 95-104
|
Publisher: |
Asian Academy of Management - AAM |
Subject: | institutional trades | retail trades | risk premium determinants | yield spreads |
Saved in:
freely available
Saved in favorites
Similar items by subject
-
Behavioral biases in the corporate bond market
Wei, Jason, (2018)
-
Behavioral biases in the corporate bond market
Wei, Jason, (2017)
-
Do high-frequency traders improve your implementation shortfall?
Korajczyk, Robert A., (2020)
- More ...