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bond market from the same bond market's weight in global bond market, we investigate the determinants of foreign and … domestic investment biases in 41 global bond markets. We find that foreign investors significantly overweigh markets that offer …. Such return driven behavior of foreign investors is especially pronounced in emerging bond markets. Meanwhile, home bias is …
Persistent link: https://www.econbiz.de/10012917758
I present an improved equity momentum measure for corporate bonds and study the Euro denominated global investment … grade corporate bond market between 2000 and 2016. I document economically meaningful and statistically significant … corporate bond return predictability. In contrast to the widely used total equity return, momentum as measured by the residual …
Persistent link: https://www.econbiz.de/10012898405
Centering on a case study, this Article discusses the legal aspects of “net-short debt investing” on global bond …
Persistent link: https://www.econbiz.de/10012836885
Following the Asian financial crisis, the development of local currency bond markets in each of the APEC economies as … well as regional bond markets has received the highest priority among financial market policy-makers. Bond markets are … mismatch problems of currency and maturity. However, tangible achievements have yet to materialize. The appeal of Asian bonds …
Persistent link: https://www.econbiz.de/10014488360
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We compare how bond market access affects firms' investment decisions in the United States and the euro area. Having a … bond rating enables US corporations to invest more and undertake more acquisitions. In contrast, in the euro area, bond … ratings have no effect on investment decisions. Similarly, firms with bond ratings have higher leverage in the United States …
Persistent link: https://www.econbiz.de/10013210430
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International credit can be fickle and subject to sudden stops during periods of global economic stress. Non-financial corporate borrowers that rely on credit from abroad are vulnerable to reversals in capital flows. Similarly, corporates that borrow in foreign currency may face problems rolling...
Persistent link: https://www.econbiz.de/10014096112
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