Diese Dissertation besteht aus drei eigenständigen theoretischen Aufsätzen, in denen das Kreditrisiko von Firmen, die …

, it is significantly higher for bond transactions. The loss share and the asset pool quality strongly affect the rating …, that was motivated by the US mortgage market crisis. Banks' lending standards have been criticized to have contributed to … current mortgage crisis. We analyze an interest rate freeze on adjustable rate mortgages as one possible reaction. We study …

dispersion in the context of the US corporate bond market. This market offers a unique opportunity tofstudy liquidity effects … our proposed liquidity measure and bond characteristics, as well as trading activity variables. Furthermore, we evaluate …

Artículo de revista ; In the early stages of the global financial crisis and the COVID-19 crisis, bond issuance by non … are different: during the global financial crisis, bond issuances were made to replace bank loans, whereas during the …

leverage is both an economically and statistically significant determinant of bond and CDS spreads, and its role increases with … bond issues. I find that fraud announcements trigger swift, sharp, and long lasting credit rating downgrades and are … associated with significant declines in bondholder wealth. An examination of new bond issues confirms a significant increase in …