There has been a considerable expansion of corporate bond markets in China in the recent years. The objective of this study is to examine the stock market reaction following bond issuance by Chinese companies. In addition to analyzing for positive or negative reactions to bond issues, we...

This paper provides the first evidence of the debt and stock market reaction to corporate green bond issuance in the simultaneously largest developing economy and largest emerging debt market, China. Utilizing a most comprehensive sample of Chinese green bonds, we document a pricing premium of...

This study examines the impact of merger and acquisition (M&A) announcements made by U.S. companies listed on New York Stock Exchange (NYSE) and Chinese companies listed on Shanghai and Shenzhen stock exchanges on acquiring frms' stock returns. The event study methodology is employed to...