Our study provides evidence on the share price reactions to the announcement of equity issues in Germany, where capital …

Surveys of corporate risk management document that selective hedging, where managers incorporate their market views …

We analyze trading opportunities that arise from differences between the bond and the CDS market. By simultaneously … entering a position in a CDS contract and the underlying bond, traders can build a default-risk free position that allows them … to repeatedly earn the difference between the bond asset swap spread and the CDS, known as the basis. We show that the …

This study aims to investigate the effect of bond issuance announcements and to determine the company characteristics … that could influence this effect. The findings reveal positive cumulative average abnormal returns following bond issuances …, indicating that the market considers bond offers to be favorable news. Nevertheless, cross-sectional regression analysis shows an …

managers of these firms are less responsive to the informational requirements of the capital market. We further find that …

, also affects corporate risk management. We find that managers increase their speculative activities using derivatives …

all other IPOs, and their share prices fluctuate less than those of their counterparts in this period of time. On the …