Showing 1 - 10 of 534
In this paper, we establish a comparison between one of the most traded financial derivatives in the markets, the so-called catastrophe bonds (abbreviated as cat bonds) and the corporate bonds. In the first section, we start from a brief definition as well as some basic concepts. In section two,...
Persistent link: https://www.econbiz.de/10012259883
This paper examines the determinants of bond issuance in the Chinese market and the influence of capital structure … Chinese market, in particular the involvement of the financial authority permission process during bond issuance, enhance the … of both bond and nonbond direct finance. We interpret this as bond issuance approval serving as a signal to markets of an …
Persistent link: https://www.econbiz.de/10014484204
This study sets out a new methodology to exemplify, through a set of risk metrics called the Greeks, impact of a bond … the Greeks. The methodology is used to assess the impact of the call and put provisions on the bond’s credit risk and …
Persistent link: https://www.econbiz.de/10012821017
banks in the Chinese bond market, which narrow the primary market spreads of capital bonds issued by systemically important … sample bank consolidated assets as proxies of systemic importance, and use China Development Bank bond yields to calculate …
Persistent link: https://www.econbiz.de/10015181991
environmental, social, governance, and macroeconomic indicators on the level of green bond issues in the period 2014-2019. The … higher volume of green bond issuances. Our findings provide valuable insights into the development of the green bond market. …
Persistent link: https://www.econbiz.de/10012628555
Former reports of Environmental, Social and Governance (ESG) tended to focus on the equity side of investing, and today green bonds also offer and introduce sustainability factors. This paper is about the relevance, potential benefits and key arguments for countries with low-and middle-incomes...
Persistent link: https://www.econbiz.de/10012391627
Using an international sample of corporate Green bond issuances over the recent period, this paper highlights the … potential consequences of the issuance of a Green bond on the issuer's financial performance. Starting with a first sample of … 2079 Green bond issuances of 190 unique issuers from 2009 to 2018, we investigate only corporate green bond issuances. Our …
Persistent link: https://www.econbiz.de/10012173945
This paper compares performances of bid-ask spread measures and analyzes bond-level characteristics' effects on the bid …. Additionally, we use panel data analysis to examine bond characteristics’ effects on the bid-ask spread. Panel regression analysis … points out that bond characteristics have a significant relation with bond liquidity. Bonds with shorter time to maturity or …
Persistent link: https://www.econbiz.de/10012816797
, the urban construction investment bond (UCIB) is unique to China. The UCIB credit spread, which represents the … implicit government guarantees. After accounting for bond factors, local government financing vehicle factors, and …
Persistent link: https://www.econbiz.de/10015359359
markets on the liquidity of their bond markets. This study analyses the liquidity of bonds in various emerging bond markets … the sovereign debt crisis. This study notes that the bond liquidity is affected due to the sign of the rating granted by … study first directly tests the information content of bond ratings announcements and their effect on bond market liquidity …
Persistent link: https://www.econbiz.de/10013382185