Informational efficiency of loans versus bonds: Evidence from secondary market prices potx
Informational efficiency of loans versus bonds: Evidence from secondary market prices potx
... indicator variable due to concerns of multicollinearity. 18 Informational efficiency of loans versus bonds: Evidence from secondary market prices Edward Altman, Amar Gande, and Anthony Saunders ∗ First ... the informational efficiency of loans relative to bonds sur- rounding loan default dates and bond default dates. We examine this issue using a unique dataset of...
Ngày tải lên: 15/03/2014, 07:20
Tài liệu Informational efficiency of loans versus bonds: Evidence from secondary market prices pptx
... if we use the frequency of price changes instead of scaled frequency of price changes. 17 Informational efficiency of loans versus bonds: Evidence from secondary market prices Edward Altman, Amar ... informational efficiency of loans relative to bonds using a unique dataset of daily secondary market prices of loans. We find that the loan market is i...
Ngày tải lên: 16/02/2014, 02:20
Bank Debt versus Bond Debt: Evidence from Secondary Market Prices ppt
... SAUNDERS Bank Debt versus Bond Debt: Evidence from Secondary Market Prices This paper uses a new data set of daily secondary market prices of loans to analyze the specialness of banks as monitors. Consistent ... set of secondary market daily prices of loans from November 1, 1999 to October 31, 2007, we con- duct Granger casuality tests to examine the i...
Ngày tải lên: 29/03/2014, 03:20
Common factors in the performance of European corporate bonds – evidence before and after financial crisis pdf
... consisting of a long position in bonds with a maturity of 1-3 years and a market value weighted short position of the re- maining maturities. The construction of this portfolio is based on the sum of ... case of the petroleum market, , Vol. 9, No. 2, pp. 201-230. Journal of Futures Markets Zwart, G. (2008), Empirical studies on financial markets: Private equity, corporate...
Ngày tải lên: 29/03/2014, 06:21
ANNUAL REPORT EXPORTS OF DEFENCE AND STRATEGIC GOODS FROM AUSTRALIA 1999/2000 potx
... definitive list of goods controlled under Regulation 13E. Copies of this document may be obtained from the Strategic Trade Policy and Operations section of the Department of Defence. Contact ... REPORT EXPORTS OF DEFENCE AND STRATEGIC GOODS FROM AUSTRALIA 1999/2000 Industry Division Department of Defence May 2001 Annual Report - Exports of Defence and Strategic Goods fr...
Ngày tải lên: 07/03/2014, 10:20
The Late Age of Print - Everyday Book Culture from Consumerism to Control potx
... interview: “e secret of the present high degree of e- ciency of American production is not size but the use of modern methods of control and management. In them is the only hope of meeting competition ... of such a funda- mental overhaul would require business competitors to work together as partners for the sake of mutual advantage in the marketplace. “ose of us who a...
Ngày tải lên: 28/03/2014, 21:20
Seasonal Asset Allocation: Evidence from Mutual Fund Flows potx
... the money market asset class has mean monthly flows of about 0.38 percent of TNA. Asset class net flow standard deviations range from a low of 0.82 percent for the equity class to a high of over ... impact of seasonally varying risk aversion on money market fund flows in the month of September is roughly 0.42 percent of the previous month’s total net assets of the taxable g...
Ngày tải lên: 30/03/2014, 12:20
Tài liệu Large debt financing syndicated Loans versus corporate bonds docx
... the syndicated loan market. Another major factor has been the rising number of syndicated loans rated by independent rating agencies. As a result of stronger secondary market activity, combined ... introduction of the euro, which created a largely integrated market for the financing of very large firms. Second, it also coincides with the development of the corporate bond...
Ngày tải lên: 16/02/2014, 02:20
Tài liệu Dissecting the E ect of Credit Supply on Trade: Evidence from Matched Credit-Export Data pdf
... Bank, FRB of Philadelphia, Fordham University, Instituto de Empresa, London School of Economics, University of Michigan Ross School of Business, University of Minnesota Carlson School of Management, ... extensive margin of exports, reported in Panel 3 of Table 7, are not statistically different from zero. 13 This confirms that firms borrowing from banks with high share of f...
Ngày tải lên: 16/02/2014, 03:20
THE INTERNATIONAL ROLE OF THE EURO EVIDENCE FROM BONDS ISSUED BY NON-EURO AREA RESIDENTS docx
... of interest, namely (i) location of demand, (ii) type of investor, (iii) roadshows and (iv) use of currency swaps. Given its heterogeneity and the Number of bonds As a % of all bonds As a % of ... 1% of the issues. Interest from US and Asian investors was also relatively limited over most of the period, as they participated in about 10% and 15% respectively of primary m...
Ngày tải lên: 29/03/2014, 06:21