A vast amount of academic research focuses on how bond issuance impacts the firm. Mostrecent research focuses on investment grade bonds and ignores non-investment grade bonds. Chapter 1investigates firms issuing high-yield debt and the impact on their stock price by identifying determinants...

A vast amount of academic research focuses on how bond issuance impacts the firm. Most recent research focuses on investment grade bonds and ignores non-investment grade bonds. Chapter 1 investigates firms issuing high-yield debt and the impact on their stock price by identifying determinants of...