spreads of bonds with problematic environmental profiles …

buying bonds and equities and by selling delta-neutralized equity index options and bond options. Risk-Efficient Credit … particular, I find that options markets explain a great deal of credit returns. Two particular features of corporate bonds … to a short put option on a firm's assets bundled with a risk-free bond. The second is that many corporate bonds include …

in emerging markets are issuing more debt in the international markets (offshore debt). Some evidence suggests that lower … analyze the relation between aggregated offshore debt, cash holdings, and investment. We find evidence in line with prior … anomaly is consistent with the precautionary savings argument. Offshore debt impacts next-period investment significantly …

defaults as random events and apply a probabilistic framework to pricing defaultable corporate bonds and to analyzing the case …