scholarly journals The Impact of Textual Sentiment on Sovereign Bond Yield Spreads: Evidence from the Eurozone Crisis

2014 ◽  
Author(s):  
Sha Liu
Keyword(s):  
Eurozone Crisis ◽  
Yield Spreads ◽  
Sovereign Bond ◽  
Bond Yield ◽  
The Impact

Does Stock Liquidity Affect Corporate Debt Maturity Structure?

2020 ◽  
pp. 2150005
Author(s):  
Joseph M. Marks ◽  
Chenguang Shang
Keyword(s):  
Stock Market ◽  
Debt Maturity ◽  
Market Liquidity ◽  
Stock Liquidity ◽  
Yield Spreads ◽  
Debt Maturity Structure ◽  
Bond Yield ◽  
Maturity Structure ◽  
Stock Market Liquidity ◽  
The Impact

We show an inverse relation between the use of short-term debt and stock market liquidity. This finding is robust to a battery of control variables, alternative measures of the key variables, and various identification strategies. A difference-in-difference (DiD) approach suggests that the relation between debt maturity structure and stock liquidity may be causal. The impact of stock liquidity on debt maturity is stronger in the presence of large institutional holdings and when borrowers are subject to greater refinancing risk. We also provide evidence that firms with liquid stock tend to issue longer-term bonds and enjoy lower bond yield spreads. Overall, our results support the view that the governance function of stock market liquidity reduces the necessity of debt market monitoring, which allows firms to shift toward longer-term debt to avoid the costs and risk of frequent refinancing.

scholarly journals Sovereign bond yield spreads and sustainability: An empirical analysis of OECD countries

2019 ◽  
Vol 98 ◽  
pp. 156-169 ◽  
Author(s):  
Gunther Capelle-Blancard ◽  
Patricia Crifo ◽  
Marc-Arthur Diaye ◽  
Rim Oueghlissi ◽  
Bert Scholtens
Keyword(s):  
Empirical Analysis ◽  
Oecd Countries ◽  
Yield Spreads ◽  
Sovereign Bond ◽  
Bond Yield

The Impact of Rating Recalibration on Municipal Bond Yield Spreads

2017 ◽  
Vol 37 (2) ◽  
pp. 83-101
Author(s):  
Kenneth A. Kriz ◽  
Yan Xiao
Keyword(s):  
Municipal Bond ◽  
Yield Spreads ◽  
Bond Yield ◽  
The Impact
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