corporate bonds, individual stock returns and bond yield changes are found to be negatively correlated, suggesting that the … yield changes, but current stock returns are unrelated to lagged bond yield changes, indicating that stocks lead bonds in …This paper investigates the comovements of stocks and bonds at the individual firm level. Based on a sample of 702 …

international bond yields. This paper analyzes the channels through which these effects occurred. We use dynamic term structure …

of these variables, particularly declines in long-term bond volatility, may explain a portion of the conundrum. Foreign …

than subsequent bonds when they first trade in the secondary bond market. …-worthiness is revealed at the time of its first issue in the public bond market, it follows that after firms undertake their bond … rates after they issue for the first time in the public bond market and that the magnitude of these savings is larger for …

arrangements between the two markets. Finally, in issuing bonds, we find that firms self-select the bond type to minimize both the …Private placement bonds have unique financial contracting in controlling borrower-lender agency conflicts due to direct … restrictive covenants and are more likely to be issued by smaller and riskier borrowers. We find the determinants of bond yield …

arrangements between the two markets. Finally, in issuing bonds, we find that firms self-select the bond type to minimize both the …Private placement bonds have unique financial contracting in controlling borrower-lender agency conflicts due to direct … restrictive covenants and are more likely to be issued by smaller and riskier borrowers. We find the determinants of bond yield …