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Bond market access and corporate financing decisions : evidence from a quasi-natural experiment
Bai, Min; Qiu, Zihang; Yu, Chia-Feng - In: Finance research letters 68 (2024), pp. 1-9
Persistent link: https://www.econbiz.de/10015063310
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Financing private credit
Boyarchenko, Nina; Elias, Leonardo - 2024
Using data on balance sheets of both financial and nonfinancial sectors of the economy, we use a "demand system" approach to study how lender composition and willingness to provide credit affect the relationship between credit expansions and real activity. A key advantage of jointly modeling the...
Persistent link: https://www.econbiz.de/10014634857
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Corporate financing from shadow banking and bond credit spreads
In: Finance research letters 58 (2023) 2, pp. 1-7
Persistent link: https://www.econbiz.de/10014631171
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Is credit event risk priced? : modelling contagion via the updating of beliefs
Collin-Dufresne, Pierre; Goldstein, Robert S.; Helwege, Jean - 2010
compensation for jump-to-default risk. However, these models preclude a "contagion-risk'' channel, where the aggregate corporate … subject to contagion-risk. We show that when investors have fragile beliefs (Hansen and Sargent (2009)), contagion premia may … in response to large credit events. Model calibrations suggest that while contagion risk premia may be sizable, jump …
Persistent link: https://www.econbiz.de/10003938437
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Macroeconomic effects of corporate default crises : a long-term perspective
Giesecke, Kay; Longstaff, Francis A.; Schaefer, Stephen M. - 2012
Persistent link: https://www.econbiz.de/10009516751
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Who bears risk in China's non-financial enterprise debt?
Anderson, Ronald W. - 2020
Persistent link: https://www.econbiz.de/10012487356
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Who bears risk in China's non-financial enterprise debt?
Anderson, Ronald W. - 2020
Persistent link: https://www.econbiz.de/10012255988
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Credit derivatives as a commitment device : evidence from the cost of corporate debt
Kim, Gi H. - In: Journal of banking & finance 73 (2016), pp. 67-83
Persistent link: https://www.econbiz.de/10011635627
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Macroeconomic Effects of Corporate Default Crises : A Long-Term Perspective
Giesecke, Kay - 2012
Using an extensive new data set on corporate bond defaults in the U.S. from 1866 to 2010, we study the macroeconomic effects of bond market crises and contrast them with those resulting from banking crises. During the past 150 years, the U.S. has experienced many severe corporate default crises...
Persistent link: https://www.econbiz.de/10012460805
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Macroeconomic Effects of Corporate Default Crises : A Long-Term Perspective
Giesecke, Kay - 2012
Using an extensive new data set on corporate bond defaults in the U.S. from 1866 to 2010, we study the macroeconomic effects of bond market crises and contrast them with those resulting from banking crises. During the past 150 years, the U.S. has experienced many severe corporate default crises...
Persistent link: https://www.econbiz.de/10013110459