This article examines the impact of the 2007-2009 Global Financial Crisis on the interrelationships among global stock markets and the informational role of the TED spread as perceived credit risk. The current crisis originated from the dominant US market has a prompt and pervasive spillover...

A great deal of academic research focuses on how bond issuance impacts the firm. Most recent research focuses on investment grade bonds and ignores noninvestment grade bonds. This article investigates the long-run stock underperformance of high-yield bond Initial Bond Offerings (IBOs) in the...

Evidence of the impact of foreign equity investment flows on the global linkages of the Asian emerging equity markets is provided. Findings confirm that there is a general trend towards greater integration and this process appears to be influenced by the increasing volumes of foreign equity...