Kesch, Ludwig; Maul, Daniel; Schiereck, Dirk - In: Credit and Capital Markets 46 (2013) 4, pp. 523-554
The following analysis presents empirical evidence on the investor demanded risk premium at the bond issuance. The sample consists of bonds issued by alter native energy firms in Germany between 2008 and 2012. Our results show that besides the well-known influence of ratings, other factors may...