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The perspective of behavioral finance is that anomalies in the cross-section of returns are driven by mispricing that arises from investor irrationality that cannot be easily arbitraged away. In this study, we examine the implications of this for international government bond markets. Using data...
Persistent link: https://www.econbiz.de/10012893037
We test the interaction between COVID-19 governments' interventions, COVID-19- induced uncertainty, and the volatility of sovereign bonds. Using a panel-quantile approach and a comprehensive dataset of 31 countries worldwide, we document that containment and closure policies tend to amplify...
Persistent link: https://www.econbiz.de/10013233700
We explore the impact of the COVID-19 pandemic on the term structure of interest rates. Using data from developed and emerging countries, we demonstrate that the expansion of the disease significantly affects sovereign bond markets. The growth of confirmed cases significantly widens the term...
Persistent link: https://www.econbiz.de/10013236151
IPO anomalies in the corporate debt markets are to great extent unexplored field in the academic literature. The aim of this paper is to investigate the undepricing phenomenon of newly issued corporate bonds on the Catalyst market and its determinants. I use event study methodology to test for...
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Chapter 1. The Effect of HR Practices on the Fulfilment of a Psychological Contract in the Context of the Polish Organizational Culture -- Chapter 2. A Seat at the Table: Exploring 4.0 Leadership Attributes Using a Thematic Approach -- Chapter 3. Are Co-working Spaces Communitarian, and Open?...
Persistent link: https://www.econbiz.de/10013170822
The answer to the question posed in the title is mostly yes. Using sorting and cross-section, we investigate the impact of illiquidity and transaction costs on value, size and momentum premiums in 11 CEE stock markets (Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania,...
Persistent link: https://www.econbiz.de/10011147544