Analyzing Wealth Effects for Bondholders

Language: English

Published by Peter Lang AG, CH, 2016

3631671199 / 9783631671191

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Despite the growing importance of funds through corporate bonds, most investigations on the short-term effects of certain events on firm value are only conducted for stocks. Thus, research provides an incomplete view on how firm value is truly affected. The author fills this gap and focuses his research on corporate debt. The first section of the book provides a comprehensive overview of existing methodologies to calculate abnormal bond returns. Subsequently, two frameworks are selected to investigate the importance of corporate debt when empirically assessing major corporate events: Synergy disclosure at MandA announcements and debt offerings through reopenings. Both provide evidence for the necessity to regard corporate debt to fully assess changes in firm value.

Seller Inventory # LU-9783631671191

Title
Analyzing Wealth Effects for Bondholders
Author
Daniel Maul
Publisher
Peter Lang AG, CH
Publication year
2016
Condition
New
Binding
Paperback
Language
English
ISBN 10
3631671199
ISBN 13
9783631671191
Item weight
290 grams

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