Do Privately Owned Enterprises in China Need Political Connections to Issue Corporate Bonds?

2017 ◽  
Author(s):  
Denis Schweizer ◽  
Thomas John Walker ◽  
Aoran Zhang
Keyword(s):  
Corporate Bonds ◽  
Political Connections ◽  
Privately Owned

Gardening as More than Urban Agriculture: Perspectives from Smaller Midwestern Cities on Urban Gardening Policies and Practices

2019 ◽  
Vol 3 (1) ◽  
pp. 1-8
Author(s):  
Christopher Strunk ◽  
Ursula Lang
Keyword(s):  
Urban Agriculture ◽  
Green Space ◽  
Private Property ◽  
Community Gardens ◽  
Public Land ◽  
Vacant Lots ◽  
Urban Gardening ◽  
Privately Owned ◽  
Policies And Practices

For the most part, research and policymaking on urban gardening have focused on community gardens, whether in parks, vacant lots, or other public land. This emphasis, while important for many Midwestern cities, can obscure the significance of privately owned land such as front yard and back yard and their crucial connections with gardening on public land. In this case study, we examine how policies and practices related to gardening and the management of green space in two Midwestern cities exceed narrow visions of urban agriculture. The article explores the cultivation of vacant lot gardens and private yards as two modes of property in similar Midwestern contexts and argues that the management of green space is about more than urban agriculture. Instead, we show how urban gardening occurs across public/private property distinctions and involves a broader set of actors than those typically included in sustainability policies. Gardening also provides a key set of connections through which neighbors understand and practice sustainability in Midwestern cities.

Risk Factors of Collateralized Loan Obligations and Corporate Bonds

2020 ◽  
Vol 32 (6) ◽  
pp. 347-355
Author(s):  
Mark Wahrenburg ◽  
Andreas Barth ◽  
Mohammad Izadi ◽  
Anas Rahhal
Keyword(s):  
Risk Factors ◽  
Risk Factor ◽  
Asset Pricing ◽  
Systemic Risk ◽  
Corporate Bonds ◽  
Risk Exposure ◽  
Expected Returns ◽  
Yield Spreads ◽  
Pricing Factors ◽  
Return Difference

AbstractStructured products like collateralized loan obligations (CLOs) tend to offer significantly higher yield spreads than corporate bonds (CBs) with the same rating. At the same time, empirical evidence does not indicate that this higher yield is reduced by higher default losses of CLOs. The evidence thus suggests that CLOs offer higher expected returns compared to CB with similar credit risk. This study aims to analyze whether this return difference is captured by asset pricing factors. We show that market risk is the predominant risk factor for both CBs and CLOs. CLO investors, however, additionally demand a premium for their risk exposure towards systemic risk. This premium is inversely related to the rating class of the CLO.

Political Connections and Financial Constraints: Evidence from Transition Countries

2019 ◽  
Author(s):  
Maurizio Bussolo ◽  
Francesca de Nicola ◽  
Ugo Panizza ◽  
Richard Varghese
Keyword(s):  
Financial Constraints ◽  
Transition Countries ◽  
Political Connections

The Illiquidity of Corporate Bonds

CFA Digest ◽  
2011 ◽  
Vol 41 (4) ◽  
pp. 68-70 ◽  
Author(s):  
Spencer L. Klein
Keyword(s):  
Corporate Bonds

Momentum Spillover from Stocks to Corporate Bonds

CFA Digest ◽  
2017 ◽  
Vol 47 (10) ◽  
Author(s):  
Sonia Gandhi
Keyword(s):  
Corporate Bonds
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