CULTURAL DISTANCE AND BOND PRICING: EVIDENCE IN THE YANKEE AND RULE 144A BOND MARKETS

The Costs and Determinants of International Capital Raising: Evidence from Yankee and Eurodollar Corporate Bond Offerings

This paper examines the costs and determinants of international capital raising for a sample of 427 straight public debt issues made by non-U.S. firms in the U.S. (Yankee) and Eurodollar markets. We model the joint determination of market choice and interest costs using a switching regression model with endogenous switching. We find that firms issue bonds in the highly regulated U.S. market whe...

the relationship between efl learners linguistic and logical intelligence and the frequency and types of informal fallacies and evidence in argumentative writing

مطالعه حاضر با هدف بررسی وجود رابطه ی ممکن میان هوشهای زبانی و منطقی زبان آموزان انگلیسی و تعداد و انواع مغلطه های زبانی و شواهد در متنهای استدلالی آنان انجام پذیرفته است.بدین منظور، 70 زبان آموز با سطح زبانی متوسط به بالا از دو موسسه زبان انگلیسی در ایران انتخاب شده و پرسشنامه های مزبوطه را تکمیل نموده و متنی استدلالی نوشتند. متون نوشته شده مورد بررسی قرار گرفته و نمرات پرسشنامه ها محاسبه شده ...

“Surprise” in Distress Announcements: Evidence from Equity and Bond Markets∗

Some modified structural and reduced-form models of credit risk implicitly assume that the market has less information than managers who declare default on their outstanding debt. As a result the announcement of default or disclosure of information that indicates a firm is in distress comes as a “surprise” to the market. In this paper, we study the extent to which private information is reveale...

Pricing Bond Yields in the European Bond Market

Financial networks and trading in bond markets

We examine how financial networks influence asset prices and trading performance. Consistent with theoretical studies on the role of communication networks in information dissemination, we posit that global financial institutions, having more extensive and strategic financial networks, can more efficiently acquire and process information pertaining to asset trading due to their better access to...