Expectations of risky bond payments are unobservable and recovery rates for sovereigns are hard to estimate because …

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 …

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 …