The aim of the present research is to provide a new CoCo bond pricing method to assist analyses of both equity …

during times of constraints in the insurance industry. We also review cat bond issues sponsored by infrastructure and …

We examine the impact of foreign institutional shareholders on the prevalence of restrictive bond covenants using a …. Additional analyses show that U.S. institutional ownership has a significant pricing effect on Yankee bond investors by lowering …

issuer’s preferences determine currency choice in international bond issuance …

Bond carry trading is a popular strategy among investors who are looking for higher returns while minimizing risks. The … basic premise of this strategy is to buy a high yield bond and sell a low yield bond in the same currency and sector, with …

based on the CDS spreads reaction for the green bond issuance. First, we find that there is a green bond effect. That is …, CDS spreads decline when a green bond is issued, indicating risk reduction and lower debt cost, but increase when a … conventional bond is issued. Moreover, we show that the effect is, on average, twice as negative as the coefficients for …

, there is uncertainty about the determination of the CAT bond premium. In addition, it is not apparent how CAT bonds react … after the financial crisis or a natural catastrophe. We empirically verify which factors determine the CAT bond premium and … that the recent financial crisis has a significant impact on CAT bond premiums. Furthermore, we find that after hurricane …

This paper revisits the study of time-varying excess bond returns in international bond markets. Using newly available … the predictability of excess bond returns …

We study the economic sources of stock-bond return comovement and its time variation using a dynamic factor model. We … dynamics of stock-bond return correlations poorly. Alternative factors, such as liquidity proxies, help explain the residual …