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Investment commonality across insurance companies : fire sale risk and corporate yield spreads

Nanda, Vikram; Wu, Wei; Zhou, Xing - In: Journal of financial and quantitative analysis : JFQA 54 (2019) 6, pp. 2543-2574

Persistent link: https://www.econbiz.de/10012165923

Investment commonality across insurance companies : fire sale risk and corporate yield spreads

Nanda, Vikram; Wu, Wei; Zhou, Xing - 2017

Insurance companies often follow highly correlated investment strategies. As major investors in corporate bonds, their … following a rating downgrade. Reflective of fire-sale risk, clustering of insurance companies in a bond has significant … bond yield spreads is more evident for bonds held to a greater extent by capital-constrained insurance companies, those …

Persistent link: https://www.econbiz.de/10011710064

The effects of corporate social performance on the cost of corporate debt and credit ratings

Oikonomou, Ioannis; Brooks, Chris; Pavelin, Stephen - In: The financial review : the official publication of the … 49 (2014) 1, pp. 49-75

Persistent link: https://www.econbiz.de/10010257299

Brazilian corporate debt issuance : should one invest in local or international bonds?

Nunes, Ricardo Machado; Fernandes, Marcelo - In: Brazilian review of econometrics : BRE ; the review of … 34 (2014) 2, pp. 125-154

Persistent link: https://www.econbiz.de/10011538778

Global corporate debt during crises : implications of switching borrowing across markets

Cortina, Juan J.; Didier, Tatiana; Schmukler, Sergio L. - In: Journal of international economics 131 (2021), pp. 1-17

Persistent link: https://www.econbiz.de/10013167886

Screening and monitoring corporate loans

Gryglewicz, Sebastian; Mayer, Simon; Morellec, Erwan - 2021

How much of a loan should a lender dynamically retain and how does retention affect loan performance? We address these questions in a dynamic agency model in which a lender originates loans that it can sell to investors. The lender reduces default risk through screening at origination and...

Persistent link: https://www.econbiz.de/10012800127