This paper examines whether the successful bid rate of the OnBid public auction, published by Korea Asset Management … predicting three-month-ahead regime. We find that the OnBid auction rate conveys important information for detecting the … obligations. This finding suggests that corporate managers and investors could use the auction information to gauge the regime …

measuring the impact of two key variables on this trade-off: capacity restraint and discount on the auction clearing price … consequently, the most predictable auction outcome. There are indications that a discount of 8% may suffice to incentivize …