corporate bond yield changes and stock returns should be informative about firm level default risk of this corporate debt. In … estimate the contemporaneous correlation between firm level corporate bond yield changes and stock returns using daily data … evidence that as the stock-bond correlations increase in absolute value, the default risks of bonds increase, as expected. In …

This paper explores the spillover effects of Hurricane Katrina on corporate bonds through the liquidations of bond … reinsurance companies create a persistent negative price impact on bond prices. There is some evidence of partial price reversal … firms to resort to bond financing, redirecting them towards bank financing. This shift is stronger for firms with higher …

observable differences, including rating, financial performance, industry, bond characteristics, liquidity and issuance timing …

markets' interpretation of the stock split. We examine corporate bond issues around stock splits and find a significant … decline in the bond yield spread following stock splits, supporting the signaling hypothesis. We also confirm improvements in …

,217, recovered cases increase by 6,468, and the recovery rate increases by 6.9% following the issuance of a corporate pandemic bond …

picture. The objective of this paper is to assess the impact of low-carbon policy upon European bond returns. This is done by … statistically significant proxy for the risk factor in bond returns related to EU-ETS compliance, the GMC factor, and shows the … presence of a statistically significant green premium in the European bond market. Furthermore, evidence is found that the …

Based on a TRACE dataset of 9393 cat bond trades on the secondary OTC market from 2015 to 2019, we analyze trading … bid-ask spreads as a liquidity measure, we find that 21% of the observable yield spread on the cat bond market is …

This paper shows that country-level differences in creditor protection affect bond performance around cross-border M …

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