Sökning: "Paul Schempp"

Hittade 1 uppsats innehållade orden Paul Schempp.

  1. 1. A Conditional Analysis of Liquidity on Quality in the U.S. Corporate Bond Universe

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

    Författare :Arwed Ebner; Paul Schempp; [2014]
    Nyckelord :Liquidity; Corporate Bonds; Markov Regime-Switching Models; Flight-to-Quality; Credit Quality;

    Sammanfattning : Why are high-yield bonds more severely hit by large liquidity dry outs than investment grade bonds? This study investigates the effects of liquidity shocks on returns in the U.S. corporate bond market during times of heightened liquidity stress, using a comprehensive data set of 13,500 bonds between October 2004 and September 2013. LÄS MER