liquidity and yield spreads of corporate bonds

... Mutagenic induction of agronomical and yield contributing traits in soybean (Glycine max (L.) Merrill) with gamma irradiation Table 7. Agronomic characters, yield components and grain yield of selected ... for linolenic acid mutant in the soybean. J. Hered. 78: 410. 585 Mutagenic induction of agronomical and yield contributi...

Ngày tải lên: 29/08/2013, 08:14

... to the rise of labor unions, the New Deal legislation, the shortage of labor due to World War II, and the post-war release of controls placed on prices and wages. Another major influence on the ... drives the United States more than other countries. The second is the uniquely American cult of the deified CEO and his entourage, making them worthy of vast sum...

Ngày tải lên: 21/12/2013, 01:19

... 4: Effect of KNO 3 Spraying on yield and yield Component of rice on Alluvial Soie in Nam Dinh- Spring Rice – 2009 ( Quinal/ha) Number of paricals/m 2 Number of grain/pan % of umfiiied grain 1000 ... of umfiiied grain 1000 grain weight(g) Grain yield 1A 1B 2 3 . . . 12 LS DO5 Tab 5: Effect of KNO 3 Spraying on yield and yield Compon...

Ngày tải lên: 20/01/2014, 02:20

... banknote. AN ANALYSIS OF EURO AREA SOVEREIGN CDS AND THEIR RELATION WITH GOVERNMENT BONDS 1 by Alessandro Fontana 2 and Martin Scheicher 3 1 This paper has been presented at the ECB and ... higher than in the CDS market as there are far fewer instances of unchanged prices. 2.3 The concept of the ‘basis’ between CDS and bonds In general, both so...

Ngày tải lên: 16/02/2014, 02:20

... the monthly returns on the Connor and Korajczyk factors. Explaining the Rate Spread on Corporate Bonds 269 Figure 1. Empirical spreads on industrial bonds of six years maturity. Explaining the ... 0.2136 Ϫ~0.101!~3.446!~4.173!~3.930! Explaining the Rate Spread on Corporate Bonds 271 I. Corporate Yield Spreads In this section, we examine corpora...

Ngày tải lên: 16/02/2014, 02:20

... quality of accounting earnings, as proxied by the size of the firm’s auditor, positively affects the stock price informativeness of earnings. 2.3.2. The information argument Concentrating ownership ... value of equity in millions of U.S. dollar at the beginning of the year. Q = the market value of equity divided by the book value of total assets a...

Ngày tải lên: 18/02/2014, 01:20

... options. Therefore the relation between Treasury yields and yield spreads of callable corporate bonds should be more negative than the relation between Treasury yields and noncallable corporate bonds. I ... noncallable Treasury yields and spreads of corporate bond yields over Treasury yields should depend on the callability of the corpora...

Ngày tải lên: 06/03/2014, 04:20

... a fraction of the market value of an equal maturity corporate bond in the same risk class plus the same fraction of the coupon, then the risk-neutral valuation gives the same valuation as discounting ... coupon-paying bonds. Thus, with the recovery rate defined as a fraction of the value of the firm plus the coupon, the value of the bond is identica...

Ngày tải lên: 06/03/2014, 08:20

... Transparency and Liquidity: A Controlled Experiment on Corporate Bonds. Review of Financial Studies 20, 235–273. Grossman, S. and M. Miller (1988). Liquidity and Market Structure. Journal of Finance ... our results for our full sample of bonds, including both investment-grade and junk bonds, and then for only investment-grade bonds. Given that the Phase I and II bo...

Ngày tải lên: 22/03/2014, 20:20

... amounts of $5,000,000 or more.5 Of the total sample of 3,000 bonds, merely a small fraction were actually used in the basic yield analysis. Certain types were omitted TABLE1 Basic Yields of Corporate ... maturily 96 SI 91 98 91,91 1900 : - . - :L:jii [- 45 40 as 30 2.5 This PDF is a selection from an out -of- print volume from the National Bureau of Economic Research Volu...

Ngày tải lên: 22/03/2014, 20:20

... enlarge issuer base and development of secondary market institutions and market makers. 20. Constitution of the High Level Expert Committee on Corporate Bonds and Securitisation: One of the announcements ... years, corporations have issued zero coupon bonds (bonds with no coupon payments) and deep discount bonds (bonds selling for a discount of more than 20...

Ngày tải lên: 22/03/2014, 20:20

... return of corporate bond index k at the intersection of rating and duration cri- terions for grouping single corporate bonds in month t. The index comprises all available EUR-denominated corporate ... return of corporate bond index k at the intersection of rating and duration cri- terions for grouping single corporate bonds in month t. The index comprises...

Ngày tải lên: 29/03/2014, 06:21

... sensitive to yield spreads. Therefore, the factors that drive yield spreads determine the risk of such portfolios, and they require understanding and measurement. 2 The yields of corporate bonds ... Multiple Determinants of the Yield Spreads …………………………25 1.5 Conclusions………………………………………………………………… 29 2 Liquidity and Yield Spreads of Corporate Bonds...

Ngày tải lên: 02/11/2014, 00:43

... ABSTRACT In the wake of the demise of Enron, corporate governance has come to the forefront of economic discussion. The fall of Enron was a direct result of failed corporate governance and consequently ... GOVERNANCE Corporate Governance and the Principal-Agent Problem Before applying theory to the case of Enron, it is important to first dis...

Ngày tải lên: 06/01/2015, 19:49