This study aims to investigate the effect of bond issuance announcements and to determine the company characteristics … that could influence this effect. The findings reveal positive cumulative average abnormal returns following bond issuances …, indicating that the market considers bond offers to be favorable news. Nevertheless, cross-sectional regression analysis shows an …

We study the bond price reaction of a merged firms peers, in order to better understand how the market responds to a … equity holders expect a direct benefit from a potential acquisition - in the form of a price premium-peer firm bond holders … reduction in risk as the explicit return driver, we show that abnormal bond returns within firm (between different bond issues …

(also called as a "capitalization issue", i.e. capitalization of the reserves) after the IPO. Consistent with bonus share …

. Although private placement is favorable for firms raising capital, it is relatively easy for managers to exploit it to benefit … announcements and study whether managers strategically perform news management. The results show that issuers will engage in news …