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Investor-driven corporate finance: evidence from insurance markets
Kubitza, Christian - 2022 - This version: December 12, 2021
This paper documents that the bond investments of insurance companies transmit shocks from insurance markets to the … real economy. Liquidity windfalls from household insurance purchases increase insurers' demand for corporate bonds …
Persistent link: https://www.econbiz.de/10012818411
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Investor-driven corporate finance: evidence from insurance markets
Kubitza, Christian - 2021
This paper documents that the bond investments of insurance companies transmit shocks from insurance markets to the … real economy. Liquidity windfalls from household insurance purchases increase insurers' demand for corporate bonds …
Persistent link: https://www.econbiz.de/10012671848
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Investor-driven corporate finance: Evidence from insurance markets
Kubitza, Christian - 2022
This paper documents that the bond investments of insurance companies transmit shocks from insurance markets to the … real economy. Liquidity windfalls from household insurance purchases increase insurers' demand for corporate bonds …
Persistent link: https://www.econbiz.de/10013178167
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Investor-driven corporate finance : evidence from insurance markets
Kubitza, Christian - 2023
granular data on the bond transactions of U.S. insurance companies. Liquidity inflows from insurance premiums combined with …
Persistent link: https://www.econbiz.de/10014315209
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Bond insurance and public sector employment
Amornsiripanitch, Natee - 2022
Persistent link: https://www.econbiz.de/10013174161
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Investor-driven corporate finance: Evidence from insurance markets
Kubitza, Christian - 2023
granular data on the bond transactions of U.S. insurance companies. Liquidity inflows from insurance premiums combined with …
Persistent link: https://www.econbiz.de/10014374692
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Is historical cost accounting a panacea? : market stress, incentive distortions, and gains trading
Ellul, Andrew; Jotikasthira, Chotibhak; Lundblad, Christian - 2012
Persistent link: https://www.econbiz.de/10009552187
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Investment Commonality across Insurance Companies : Fire Sale Risk and Corporate Yield Spreads
Nanda, Vikram K. - 2018
Insurance companies often follow highly correlated investment strategies. As major investors in corporate bonds, their … following a rating downgrade. Reflective of fire-sale risk, clustering of insurance companies in a bond has significant … bond yield spreads is more evident for bonds held to a greater extent by capital-constrained insurance companies, those …
Persistent link: https://www.econbiz.de/10012936328
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The role of financial conditions in portfolio choices : the case of insurers
Ge, Shan; Weisbach, Michael S. - In: Journal of financial economics 142 (2021) 2, pp. 803-830
Persistent link: https://www.econbiz.de/10013260063
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Institutional corporate bond demand
Bretscher, Lorenzo; Schmid, Lukas; Sen, Ishita; Sharma, … - 2020
We compile a rich dataset that links institutional investors' position level holdings with corporate bond characteristics and estimate demand elasticities with respect to critical sources of risk. Persistence in institutions' holdings provide us with an instrument to isolate exogenous movements...
Persistent link: https://www.econbiz.de/10012421461