Search Results - subject:"Bond Yield Spread"

The impact of air pollution on cost of debt : evidence from corporate bond markets

Hu, Xiaolu; Zhong, Angel; Cao, Youdan; Wang, Wenlan - In: Accounting and finance 64 (2024) 4, pp. 3495-3533

Persistent link: https://www.econbiz.de/10015164696

Corporate social responsibility and Rule 144A debt offerings: Empirical evidenc

Dbouk, Wassim; Jin, Dawei; Wang, Haizhi; Wang, Jianrong - In: International Journal of Financial Studies 6 (2018) 4, pp. 1-18

issuing firms and the bond yield spread at issuance. We document a significant and positive relation between CSR concerns …, whereas CSR strengths seem to play an insignificant role in determining bond yield spread. Our main findings are robust to the … the time-series changes in issuing firms' CSR profiles, and report that institutional investors demand a higher bond yield …

Persistent link: https://www.econbiz.de/10011996143

Margin trading, short selling, and bond yield spread

Gao, Kaijuan; Lin, Wanfa - In: China Journal of Accounting Research 11 (2018) 1, pp. 51-70

spread in China. It finds that both margin trading and short selling can reduce bond yield spread. Additionally, it finds … is that short selling lowers the bond yield spread by decreasing earnings management, suggesting that short selling has …Using a quasi-natural experiment, this study examines the effects of margin trading and short selling on bond yield …

Persistent link: https://www.econbiz.de/10011937051

Margin trading, short selling, and bond yield spread

Gao, Kaijuan; Lin, Wanfa - In: China journal of accounting research : CJAR 11 (2018) 1, pp. 51-70

Persistent link: https://www.econbiz.de/10011845086

Corporate social responsibility and Rule 144A debt offerings : empirical evidenc

Dbouk, Wassim; Jin, Dawei; Wang, Haizhi; Wang, Jianrong - In: International Journal of Financial Studies : open … 6 (2018) 4, pp. 1-18

issuing firms and the bond yield spread at issuance. We document a significant and positive relation between CSR concerns …, whereas CSR strengths seem to play an insignificant role in determining bond yield spread. Our main findings are robust to the … the time-series changes in issuing firms’ CSR profiles, and report that institutional investors demand a higher bond yield …

Persistent link: https://www.econbiz.de/10011963944

The effect of bank monitoring on the demand for earnings quality in bond contracts

Shuto, Akinobu; Kitagawa, Norio; Futaesaku, Naoki - 2017

Persistent link: https://www.econbiz.de/10013273253

Management risk and the cost of borrowing

Pan, Yihui; Wang, Tracy Yue; Weisbach, Michael S. - 2015

Management risk occurs because uncertainty about future managerial decisions increases a firm's overall risk. This paper documents the importance of management risk in determining firms' cost of borrowing. CDS spreads, loan spreads and bond yield spreads all increase at the time of CEO turnover,...

Persistent link: https://www.econbiz.de/10011772262

Sovereign Bond Yield Spillovers in the Euro Zone During the Financial and Debt Crisis

Antonakakis, Nikolaos; Vergos, Konstantinos - Volkswirtschaftliche Fakultät, … - 2012

In this paper we examine the linkages of government bond yield spreads (BYS) between Euro zone countries over the period March 3, 2007 - June 18, 2012, thus considering the intriguing features of BYS spillovers during the global financial and the Euro zone debt crisis. Splitting our sample to...

Persistent link: https://www.econbiz.de/10011114510

A Pure Test for the Elasticity of Yield Spreads

Jacoby, Gady; Liao, Chuan; Batten, Jonathan A. - Institute for International Integration Studies (IIIS), … - 2007

The correlation between interest rates and corporate bond yield spreads is a well-known feature of structural bond pricing models. Duffee (1998) argues that this correlation is weak once the effects of call options are removed from the data; a conclusion that contradicts the negative correlation...

Persistent link: https://www.econbiz.de/10005121254