Pianeselli, Daniele; Zaghini, Andrea - In: Finance Research Letters 11 (2014) 2, pp. 74-83
We provide an assessment of the determinants of the risk premium paid by non-financial corporations on long-term bonds. By looking at 5500 issues over the period 2005–2012, we find that in recent years the sovereign debt market turbulence has been a major driver of corporate risk. Compared...