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Split ratings and debt-signaling in bond markets : a note

Ismail, Ashraf; Oh, Seunghack; Arsyad, Nuruzzaman - In: Review of financial economics : RFE 24 (2015), pp. 36-41

Persistent link: https://www.econbiz.de/10011317830

The value of external reviews in the secondary green bond market

Simeth, Nagihan - In: Finance research letters 46 (2022) 1, pp. 1-7

Persistent link: https://www.econbiz.de/10013341411

The value effect of sustainability : evidence from Latin American ESG bond market

Arévalo, Guillermo; González Ferrero, Maximiliano; … - In: Journal of sustainable finance & investment 14 (2024) 3, pp. 516-537

Persistent link: https://www.econbiz.de/10015053389

Banks and bonds : the impact of bank loan announcements on bond and equity prices

Ongena, Steven; Roşcovan, Viorel; Song, Wei-ling; … - In: Journal of financial management, markets and institutions 2 (2014) 2, pp. 131-155

Persistent link: https://www.econbiz.de/10011951363

The puzzling evolution of the home bias, information processing and financial openness

Mondria, Jordi; Wu, Thomas Yen Hon - 2007

This paper presents a rational expectations model of asset prices with rationally inattentive investors that, unlike previous papers, explains both the substantial amount of equity wealth invested domestically and the puzzling time series behavior of the home bias - an initial plateau before...

Persistent link: https://www.econbiz.de/10003855480

Loss Aversion, Asymmetric Market Comovements, and the Home Bias

Carvalho, Carlos - 2011

Loss aversion has been used to explain why a high equity premium might be consistent with plausible levels of risk aversion. The intuition is that the first-order-different utility impact of wealth gains and losses leads loss-averse investors to behave similarly to investors with high risk...

Persistent link: https://www.econbiz.de/10013119456

Asymmetric Information and the Lack of International Portfolio Diversification

Hatchondo, Juan Carlos - 2012

There is pervasive evidence that individuals invest primarily in domestic assets and thus hold poorly diversified portfolios. Empirical studies suggest that informational asymmetries may play a role in explaining the bias towards domestic assets. In contrast, theoretical studies based on...

Persistent link: https://www.econbiz.de/10013096987

Private Information, Human Capital, and Optimal 'Home Bias' in Financial Markets

Ehrlich, Isaac - 2015

By allowing for imperfectly informed markets and the role of private information, we offer new insights about observed deviations of portfolio concentrations in domestic relative to foreign risky assets, or "home bias", from what standard finance models predict. Our model ascribes the "bias" to...

Persistent link: https://www.econbiz.de/10013037509

Loss Aversion, Asymmetric Market Comovements, and the Home Bias

Amonlirdviman, Kevin - 2010

Loss aversion has been used to explain why a high equity premium might be consistent with plausible levels of risk aversion. The intuition is that the different utility impact of wealth gains and losses leads loss-averse investors to behave similarly to investors with high risk aversion. But if...

Persistent link: https://www.econbiz.de/10013147514

Bond issuance as reputational signal : debunking the negative perception of additional liability

Sheng, Dachen; Montgomery, Heather A. - In: International Journal of Financial Studies : open … 11 (2023) 4, pp. 1-19

This paper examines the determinants of bond issuance in the Chinese market and the influence of capital structure … Chinese market, in particular the involvement of the financial authority permission process during bond issuance, enhance the … of both bond and nonbond direct finance. We interpret this as bond issuance approval serving as a signal to markets of an …

Persistent link: https://www.econbiz.de/10014484204

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