be compensated, if markets are efficient. We call this the "bond agio premium" and use constituent-level bond index data … for January 1997 through December 2022 to show that - holding issuer and maturity fixed - it is reflected by bond prices …

Limited liability is considered a “birthright” of corporations. The concept is entrenched in legal theory, and it is a … not eliminated, through mandatory bonding that in the aggregate capitalizes a compensation fund. A bond would be minimally …

terms of the level, impact, generality, and originality of firms' patents — is a determinant of bond issuers' perceived … default risk and, by extension, corporate bond pricing. Investors consider more technologically innovative bond issuers to …

We document that the first and third cross-sectional moments of corporate bond returns significantly and positively … predict future stock market returns both in- and out-of-sample. The predictability emerges from informed bond trading and …

This paper examines the relationship between CDS and bond markets in the context of the financial crisis by employing …-lag relation is found between the markets, in which changes in CDS premia consistently forecast changes in bond spreads. Moreover …, it was found less bond market reaction for an increase on the insurance premium to investment grade bonds …