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 …

Objective: The objective of the article is to investigate two issues. First, whether the Islamic bond (sukuk) ratings …

bond IPOs and that both types of issues are timed to coincide with favorable market conditions. These effects are the … strongest when the securities market has reached a mature level of development. We also find that bond IPOs coincide with more …

which hedge fund strategies outperform the U.S. equity and/or bond markets. The results from the realized and simulated …

which hedge fund strategies outperform the U.S. equity and/or bond markets. The results from the realized and simulated …

overpricing leads to a range of anomalous cross-sectional patterns in stock and bond returns. Including bonds as additional test …

I present a production-based general equilibrium model that jointly prices bond and stock returns. The model produces … time-varying correlation between stock and long-term default-free real bond returns that changes in both magnitude and sign …-flow) shocks produce comovement of bond and stock returns and positive term premium. The relative strength of these two mechanisms …

This paper examines the behaviour of stock and bond markets across four major international countries. The results … the stock and bond return correlation within each country declines. Moreover, results show that the stock and bond return … correlations exhibit commonality across countries. Results also demonstrate that stock returns lead movement in bond returns, while …