Park, Heewoo; Park, Yuen Jung - In: Journal of derivatives and quantitative studies 32 (2024) 2, pp. 145-158
This study analyzes the impact of the information environment (IE) and credit default swap (CDS) transaction costs on … sensitive total information flow from the stock market to the CDS market. Companies with lower transaction costs in the CDS … information environment of the company in the stock market, rather than transaction costs in the CDS market. …