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Kuehn, Lars-Alexander - 2014

A standard assumption of structural models of default is that firms' assets evolve exogenously. In this paper, we examine the importance of accounting for investment options in models of credit risk. In the presence of financing and investment frictions, fi rm-level variables that proxy for...

Persistent link: https://www.econbiz.de/10013067398

Liquidity and Price Pressure in the Corporate Bond Market : Evidence from Mega-Bonds

Helwege, Jean - 2019

Larger bonds offer greater liquidity, which should reduce their yields. A simple way for firms to reduce financing costs is to sell bonds with large face values. We find that mega-bonds are more liquid than smaller bonds. However, offering yield spreads on mega-bonds are not lower and are higher...

Persistent link: https://www.econbiz.de/10012903187

The time-varying impact of systematic risk factors on corporate bond spreads

Klein, Arne Christian; Pliszka, Kamil - 2018

During the global financial crisis, stressed market conditions led to skyrocketing corporate bond spreads that could not be explained by conventional modeling approaches. This paper builds on this observation and sheds light on time-variations in the relationship between systematic risk factors...

Persistent link: https://www.econbiz.de/10011855295

Vigorous reduction of pitheap stocks of coal

In: Intereconomics : review of European economic policy 4 (1969) 1, pp. 28

Persistent link: https://www.econbiz.de/10011549628

Australian coal company risk factors : coal and oil prices

Hasan, M. Zahid; Ratti, Ronald A. - In: The international journal of business and finance … 8 (2014) 1, pp. 57-67

Persistent link: https://www.econbiz.de/10010205760

Discontinuities in the coal market

Wilmot, Neil A. - In: Applied economics letters 23 (2016) 10/12, pp. 790-794

Persistent link: https://www.econbiz.de/10011628568

The capital market impact of Blackrock's thermal coal divestment announcement

Bassen, Alexander; Kaspereit, Thomas; Buchholz, Daniel - In: Finance research letters 41 (2021), pp. 1-7

Persistent link: https://www.econbiz.de/10013336255

The international gas and crude oil price variability effect on indonesian coal mining companies listed at IDX

Adi, Tri Wahyu - In: International Journal of Energy Economics and Policy : IJEEP 12 (2022) 5, pp. 1-10

Persistent link: https://www.econbiz.de/10013413168

Putting Coal to Sleep in the Waterbed : An Empirical Assessment of EU ETS Price Reactions to Coal Phase-Out Announcements

Grunau, Jonas - 2023

investigate the interaction of national coal phase-outs and the European emissions trading system (EU ETS) by empirically … examining how allowance prices reacted to coal phase-out announcements and related events. A negative price reaction would …, this study finds no consistent evidence of statistically significant price changes across 15 coal phase-out announcements …

Persistent link: https://www.econbiz.de/10014345892

Informed corporate credit market before monetary policy surprises : explaining pre-FOMC stock market movements

Abdi, Farshid; Wu, Botao - 2018

We show that U.S. corporate bond market movements during the days preceding FOMC announcements can predict monetary policy surprises, as well as the pre-FOMC stock market movements. Starting several days before an expansionary (contractionary) surprise in FOMC decisions, corporate bond prices...

Persistent link: https://www.econbiz.de/10011993517

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