Eom, Young Ho (contributor); Helwege, Jean (contributor); … - 2003 - [Elektronische Ressource]
. Panel a indicates
that the firms in our sample are mostly investment grade, although about a dozen firms have spreads
that … overall bond market. A comparison of our
bonds to the 7,531 noncallable and nonputable bonds from nonfinancial, nonregulated … industries
suggests that they are. The two samples have very similar time series patterns, and similar fractions
of below-investment …