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results for Argentina, that size of assets is a robust determinant of the use of bond finance. This result, together with the … America, has small bond markets in terms of the ratio of the stock of bonds to GDP. Since firm value represents the present …
Persistent link: https://www.econbiz.de/10010323134
This document describes the construction of a database of corporate bonds issued by firms in Argentina between 1989 and 2005. The database draws on two main sources, the Bolsa de Comercio de Buenos Aires and the Comisión Nacional de Valores, while some additional information comes from the...
Persistent link: https://www.econbiz.de/10010323179
We consider eight different measures (issued amount, coupon, listed, age, missingprices, price volatility, number of contributors and yield dispersion) to approximate corporatebond liquidity and use a five-variable model to control for maturity, credit and currencydifferences between bonds. The...
Persistent link: https://www.econbiz.de/10010324943
-financial corporations. For the first time we compare these factors to those of its major competitor: the corporate bond market. We find that …
Persistent link: https://www.econbiz.de/10011605074
Loan and bond finance during 1985-2005 can be divided into three sub-periods. After the 1982 debt crisis, which mainly … 1950s, and bond finance became for the first time an important financing vehicle for both the national government and large …
Persistent link: https://www.econbiz.de/10010323309
We develop a structural bond pricing approach and implement it on a large panel of US industrial bonds using an … form models. Furthermore, our analysis provide evidence that bond yield spreads incorporate a substantial liquidity …
Persistent link: https://www.econbiz.de/10010281391
This paper looks at the dynamic price relationship between spreads in the corporate bond market and credit default … visibly during the turbulence on the credit markets in early 2005 in favour of that of the bond market. …
Persistent link: https://www.econbiz.de/10010295927
This report presents a long-term view of the evolution of financing of EU non-financial corporations (NFCs) in recent decades. It finds a decline in NFC leverage since at least 2008, and across countries, size categories and industries. It also documents a growing role of non-bank financial...
Persistent link: https://www.econbiz.de/10014327946
By using an existing and a new convergence measure, this paper assesses whether bank loan and bond interest rates are … converging for the non-financial corporate sector across the euro area. Whilst we find evidence for complete bond market …
Persistent link: https://www.econbiz.de/10010427552
This work describes the legal structuring of a mortgage covered bond in accordance with the regulations of paragraphs … which minimum information of the mortgage covered bond in a prospectus is required. The Federal Financial Supervisory … rights of the bond holders according to the regulations of the German Statue Governing Common Rights of Owners of Debt …
Persistent link: https://www.econbiz.de/10010298959