We conduct price discovery analysis to investigate the lead-lag relationship between equity and CDS (Credit Default Swap) markets within a corporate finance framework. Based on a sample of 89 firms covering investment grade and high yield firms, we detect stationarity and cointegration within a...

Hog, corn, and soybean meal futures are shown to be cointegrated, reflecting the close intrinsic relationship of corn and soybean meal as the primary feed for hogs. Applying a recent technique to date-stamp pricing bubbles we further show that bubbles in feed do not appear to be associated with...