Sökning: "Bond Underpricing"

Hittade 5 uppsatser innehållade orden Bond Underpricing.

  1. 1. The Pricing of Green Bonds at Issuance : Is There Underpricing or a "Greenium"?

    Magister-uppsats, Jönköping University/IHH, Företagsekonomi

    Författare :Kristin Löffler; [2022]
    Nyckelord :green bonds; greenium; underpricing; signaling hypothesis; price pressure hypothesis; information-compensation hypothesis;

    Sammanfattning : This paper examines if green bonds incur underpricing or overpricing, that is, have a "greenium", at issuance. Using a global sample of 830 liquid green bonds priced between March 20, 2012 and March 24, 2022, this study estimates an empirical model of the initial returns through ordinary least squares and quantile regressions. LÄS MER

  3. 2. Makroekonomiska faktorers påverkan på svenska IPO:er. : En kvantitativ studie som undersöker den svenska IPO-marknadens aktivitet

    Magister-uppsats, Högskolan i Borås/Akademin för textil, teknik och ekonomi

    Författare :Andreas Thuresson; Carl Vedin; [2022]
    Nyckelord :Macroeconomic factors; IPO; IPO market; IPO market activity; Raising capital; Risk-taking; Inflation; Policy rate; Stock market; Treasury bond; GDP; Volatility; Liquidity; Makroekonomiska faktorer; IPO; IPO-marknad; IPO-marknadsaktivitet; Kapitalanskaffning; Riskvilja; Inflation; Styrränta; Aktiemarknad; Statsobligation; BNP; Volatilitet; Likviditet 4;

    Sammanfattning : Områdesbeskrivning: IPO-marknaden kan undersökas på olika sätt. Varför underprissättning är så förhärskande, om den går i cykler eller vad det är som påverkar den. Vi vill undersöka den svenska IPO-marknaden under perioden 2006-2020 och om den påverkas av makroekonomiska faktorer såsom inflation eller styrränta. LÄS MER

  4. 3. The Determinants of Corporate Bond Underpricing in Times of Quantitative Easing - an Analysis of the European Investment Grade Bond Market

    D-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Författare :Jonas Schenke; [2020]
    Nyckelord :Corporate Bonds; Corporate Sector Purchase Programme CSPP ; European Central Bank ECB ; Quantitative Easing; Underpricing;

    Sammanfattning : This study examines the determinants of bond underpricing in the EUR corporate investment grade space. Moreover, it assesses whether the European Central Bank (ECB), through its quantitative easing, has caused a structural change in bond underpricing. LÄS MER

  5. 4. On the Determinants of Underpricing in Corporate Bond Offerings

    Master-uppsats, Lunds universitet/Nationalekonomiska institutionen

    Författare :Björn Aronsson; Daniel Tano; [2016]
    Nyckelord :Bond Underpricing; Underpricing; Initial Bond Offering; Swedish Bond Market; Credit Default Swap; Business and Economics;

    Sammanfattning : Money is often left on the table when corporations issue new securities. Explanations for the underpricing phenomenon are often related to information asymmetry between the investor and the issuer. In this study we investigate factors affecting underpricing on corporate bonds in the Swedish market. LÄS MER

  7. 5. Underpricing in Corporate Bond Issues: An Explanation Based on Information Problems

    D-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Författare :Hampus Frisén; Jacob Langhard Lövstedt; [2015]
    Nyckelord :Corporate bonds; Underpricing; Information problems;

    Sammanfattning : This paper represents the first of its kind on the Swedish market as well as the first on the European market in over two decades. Through analysis of 1-day excess return observations for 457 bond issues on the Swedish corporate bond market ranging from June 2003 to February 2015, we investigate how information problems relate to underpricing. LÄS MER