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Start Over Descriptor "CORPORATE bonds" Search Limiters Available in Library Collection Topic capital market Database Academic Search Index Publisher estudios de administracion

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1 results on '"CORPORATE bonds"'

1. Factores determinantes del spread de retornos en bonos corporativos chilenos.

Author

Gregoire C., Jorge and Álvarez T., Carolina

Subjects
*CORPORATE bonds, *CAPITAL market, *MARKET volatility, *ECONOMETRICS, *INTEREST rates
Abstract

The objective of this article is an empirical investigation on the factors that could explain the yield spread on corporate bonds, in the Chilean capital market. The econometric method of data panel is utilized, for a sample of corporate bonds during the period January 2000 to June 2005. The results obtained both for bonds with a short call option embedded and bonds without it, show that stock return and volatility, term structure of interest rates (level and slope) are significant factors, and also credit rating by independent firms, and bond maturity, all with the theoretical signs predicted. [ABSTRACT FROM AUTHOR]

Published
2007

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