Essays about: "Credit spread puzzle"

Found 2 essays containing the words Credit spread puzzle.

  1. 1. Credit Spread Determinants : Significance of systematic and idiosyncratic variables

    University essay from Högskolan i Jönköping/IHH, Företagsekonomi

    Author : Svetozar Jargic; [2017]
    Keywords : Credit spread puzzle; systematic explanatory variables; idiosyncratic explanatory variables; structural models; credit spread; Eurobond market;

    Abstract : Credit spread is the extra risk-reward that an investor is bearing for investing in corporate bonds instead of government bonds. Structural models, which are simple in their framework, fail to explain the occurring credit spread and underestimate the predicted credit spread. READ MORE

  3. 2. Listed Private Equity: A Study of Discount/Premium to NAV Characteristics

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Carl von Heijne; Claes Melander; [2008]
    Keywords : Listed Private Equity; LPE; Closed-end fund puzzle;

    Abstract : Combining findings from earlier research on the closed-end fund puzzle with research on private equity characteristics, we study the discount/premium properties of listed private equity funds. The sample includes 13 buyout funds and 144 venture capital funds, during the period 1988-2008. READ MORE