the euro area and in five major European economies. It also introduces a set of indicators for excess bond premia …, adjusting corporate bond spreads for credit risk of the issuer and the term, coupon and liquidity premia. I find that the … majority of macroeconomic indicators can be better predicted by the excess bond premia compared to non-adjusted indices; the …

This study analyses how liquidity risk affects bonds' yield spreads after controlling for credit risk, bond …

This paper provides evidence of ratings shopping in the corporate bond market. By estimating systematic differences in … issuers often delay less favorable ratings until after a bond is sold. Consistent with theoretical models of ratings shopping …

corresponding bond and its issuer. We analyze a large sample of more than 1,500 Green bonds with respect to their pricing on the …, credibility of the Green label reveals to be of particular importance. Investors are more likely to consider a corporate bond as … Green, i.e., be willing to pay a premium for it, when the bond is certified as such by a third party, or when the bond is …