Essays about: "Corporate bond market"
Showing result 11 - 15 of 90 essays containing the words Corporate bond market.
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11. Assessing the Impact of Sovereign Green Bonds on Energy Transition: A Staggered Difference-in-Difference Analysis
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : An increasing number of governments are adopting the issuance of sovereign green bonds (SGBs) as part of their strategies for transitioning to renewable energy and achieving their net zero greenhouse gas emissions targets. However, due to the nascency of the SGB market, little empirical evidence of their effectiveness as drivers of energy transition exists. READ MORE
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12. To ESG or Not to ESG? That is The Question for Cost of Debt
University essay from Lunds universitet/Företagsekonomiska institutionenAbstract : Purpose and research question: The purpose of this study is to investigate whether an improved ESG performance leads to a lower cost of debt, proxied by the yield spread of newly issued corporate bonds and if this effect is more pronounced for firms operating in a stronger institutional environment. We therefore ask the following two research questions: Does a higher ESG score lead to a lower cost of debt, and is this effect moderated by the institutional environment? Methodology: For our panel data we apply POLS-regression models, random effects models, introduce an interaction term to test for the partial effect of the institutional environment, and an ordered probit model to exchange our dependent variable. READ MORE
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13. Credit Where Credit's Due: An Empirical Study of Defaults in the Swedish Corporate Bond Market Between 2004 and 2023
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : This paper studies the relationship between bond defaults and yield spread, and other bond and company variables observable at issuance using a comprehensive dataset of matured and defaulted bonds from non-financial Swedish firms, covering the period 2004-2023. We find that higher yield spreads are correlated with higher default probabilities, particularly in the high-yield (HY) bond segment. READ MORE
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14. Corporate Sustainability-Linked Bonds and the Climate Transition Investigating the Link Between Science-Based Targets and Greenhouse Gas-Related Sustainability-Linked Bonds
University essay from Göteborgs universitet/Företagsekonomiska institutionenAbstract : We examine sustainability-linked bonds (SLBs), a novel phenomenon in the sustainable debt market that has grown substantially during the last years. SLBs are a new type of bond format, distinguished from other sustainable labelled bonds, providing the potential to contribute to the climate transition as proceeds can be used for general corporate purposes while key performance indicators and sustainability performance targets (SPTs) are incorporated into the bond. READ MORE
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15. The Impact of COVID-19 on Corporate Capital Structure : An empirical evaluation on the pandemic in a Swedish context
University essay from Linnéuniversitetet/Institutionen för ekonomistyrning och logistik (ELO)Abstract : This study has strived to explore how capital structure in Swedish corporations has been affected by the COVID-19 pandemic. The study has employed both a panel regression with fixed and random effects estimation as well as a dynamic panel regression with Arellano-Bond estimators. READ MORE
