Using large panel data of public and private firms, this paper dissects the aggregate growth of bond financing in the … Euro Area. It considerably broadened firms' access to funding, but can also lead to new risks. The composition of bond … to higher leverage and interest rates. Moreover, holdings of stable `buy-and-hold' bond investors are large in aggregate …

by the level of credit rating), the coupon size, the bond tenor, the market liquidity, and macroeconomic variables …The green bond market helps to mobilize financial sources toward sustainable investments. Green bonds are similar to … paper is underpinned by the mixed evidence on the existence of 'greenium', especially in corporate green bond markets; there …

Using large panel data of public and private firms, this paper dissects the growth of bond financing in the Euro Area … through the lens of the cross-section of issuers. In recent years, the composition of bond issuers has shifted, with the entry …, holdings of ‘buy-and-hold’ bond investors are large in aggregate but small for weaker issuers. Nevertheless, the bond investors …

I investigate the causal relationship between bond liquidity and stock returns. An improvement in bond liquidity can …). Moreover, average abnormal returns are significantly related to the improvement in bond liquidity and probability of informed …