that bond prices rise, equity prices fall, and the volatility of both securities drops for firms whose CEOs have sizeable …

This study aims to investigate the effect of bond issuance announcements and to determine the company characteristics … that could influence this effect. The findings reveal positive cumulative average abnormal returns following bond issuances …, indicating that the market considers bond offers to be favorable news. Nevertheless, cross-sectional regression analysis shows an …

based on the CDS spreads reaction for the green bond issuance. First, we find that there is a green bond effect. That is …, CDS spreads decline when a green bond is issued, indicating risk reduction and lower debt cost, but increase when a … conventional bond is issued. Moreover, we show that the effect is, on average, twice as negative as the coefficients for …

We analyze trading opportunities that arise from differences between the bond and the CDS market. By simultaneously … entering a position in a CDS contract and the underlying bond, traders can build a default-risk free position that allows them … to repeatedly earn the difference between the bond asset swap spread and the CDS, known as the basis. We show that the …

markets' interpretation of the stock split. We examine corporate bond issues around stock splits and find a significant … decline in the bond yield spread following stock splits, supporting the signaling hypothesis. We also confirm improvements in …

We study the economic sources of stock-bond return comovement and its time variation using a dynamic factor model. We … dynamics of stock-bond return correlations poorly. Alternative factors, such as liquidity proxies, help explain the residual …

bond yield spreads all increase at the time of CEO turnover, when management risk is highest, and decline over the first …

This paper examines the relationship between CDS and bond markets in the context of the financial crisis by employing …-lag relation is found between the markets, in which changes in CDS premia consistently forecast changes in bond spreads. Moreover …, it was found less bond market reaction for an increase on the insurance premium to investment grade bonds …