• Rupture de stock

Refi nancing and Shareholder Value: Covered Bond Issuances between 2007 and 2010 [extrait BMI 120]

Author :
50,00 €
TTC
Quantité
Add to wishlist
Rupture de stock

Version numérique PDF

This paper deals with an event study assessing the influence of covered bond issuance on European banks? share prices. Covered bonds are debt securities backed by mortgages. In contrast to CDOs, mortgages remain on the issuer?s consolidated balance sheet. We show that successful covered bond issuances have a positive influence on issuers? share prices with a three days? delay. So, the stock market reacts not to the issuance announcement but to the success of the issuance.Keywords: Covered bonds; Issuance; Event study; Subprime mortgage crisis.JEL codes: G010, G140

Auteurs :Morvan Jérémy
Extrait de la revue BMI 120

BMI120-1111153
Nouveau

16 autres produits dans la même catégorie :

Bankers, Markets &...
  • Rupture de stock
Availability: Out of stock

An arbitrage-free interest rate model consistent with economic constraints for Long-Term Asset Liability Management

  • The Influence of Variable Selection Methods on the Accuracy of Bankruptcy Prediction Models
  • Extendible Options with Modifiable Underlying Assets
  • The Perception of Dividends by Managers
  • Mobilizing Investor Networks behind Shareholder Activism in France
Bankers, Markets &...
  • Rupture de stock
Availability: Out of stock

Sommaire

Articles

  • Introducing a New Form of Volatility Index: the Cross-Sectional Volatility Index
  • The Link between Eurozone Sovereign Debt and CDS Prices
  • Performance of Socially Responsible Investment Funds against an Effi cient SRI Index: The Impact of Benchmark Choice when Evaluating Active Managers

Focus On

  • Shedding Light on Non-Financial Risks, A European Survey
Bankers, Markets &...
  • Rupture de stock
Availability: Out of stock

The Performance of Islamic Investment: Evidence from the Dow Jones Islamic Indexes
Volatility Strategies for Global and Country Specific European Investors
Problem Loans in the MENA Countries: Bank Specifi c Determinants and the Role of the Business and the Institutional Environment
Short Term Wealth Creation Sustainability of French Acquirers of Unlisted versus Listed Firms
Financial flexibility

This website uses cookies to ensure you get the best experience on our website