Sökning: "bond yield spread"

Visar resultat 1 - 5 av 38 uppsatser innehållade orden bond yield spread.

1. 1. The Impact of Risk Premium Factors on Cap Rates in Sweden’s Office Market

   Master-uppsats, KTH/Fastighetsföretagande och finansiella system

   Författare :Elias Adolfsson; Jesper Jansson; [2023]
   Nyckelord :Cap rate; yield; risk premium; commercial real estate; office; regression analysis; macroeconomics; Cap rate; yield; riskpremie; kommersiella fastigheter; kontor; regressionsanalys; makroekonomi;

   Sammanfattning : This study examines the impact of risk premium factors on cap rates within Sweden's largest office markets. The research questions address the significance of various micro- and macroeconomic variables on cap rates, as well as the extent of this impact and how it varies across different locations. LÄS MER

3. 2. To ESG or Not to ESG? That is The Question for Cost of Debt

   Magister-uppsats, Lunds universitet/Företagsekonomiska institutionen

   Författare :Kasper Janols; Zakarias Grönkvist; [2023]
   Nyckelord :Business and Economics;

   Sammanfattning : Purpose and research question: The purpose of this study is to investigate whether an improved ESG performance leads to a lower cost of debt, proxied by the yield spread of newly issued corporate bonds and if this effect is more pronounced for firms operating in a stronger institutional environment. We therefore ask the following two research questions: Does a higher ESG score lead to a lower cost of debt, and is this effect moderated by the institutional environment? Methodology: For our panel data we apply POLS-regression models, random effects models, introduce an interaction term to test for the partial effect of the institutional environment, and an ordered probit model to exchange our dependent variable. LÄS MER

4. 3. Credit Where Credit's Due: An Empirical Study of Defaults in the Swedish Corporate Bond Market Between 2004 and 2023

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

   Författare :Kristoffer Östlin; Ludvig Sviberg; [2023]
   Nyckelord :Corporate Bonds; Yield Spread; Default; Swedish Bond Market; Logit Regression Model;

   Sammanfattning : This paper studies the relationship between bond defaults and yield spread, and other bond and company variables observable at issuance using a comprehensive dataset of matured and defaulted bonds from non-financial Swedish firms, covering the period 2004-2023. We find that higher yield spreads are correlated with higher default probabilities, particularly in the high-yield (HY) bond segment. LÄS MER

5. 4. An Assessment of the Riksbank’s Corporate Bond Purchase Program on the Yield Spread and Firm’s Debt Structure

   Master-uppsats, Lunds universitet/Nationalekonomiska institutionen

   Författare :Najmeh Hajimirza; Nichawan Thamrongsak; [2022]
   Nyckelord :Quantitative easing; Corporate bond purchase program; Yield spread; Debt structure; Intention-to-treat; Treatment-on-treated; Business and Economics;

   Sammanfattning : We study the effect of Riksbank’s corporate bond purchase program on the yield spread of bonds and firm-level debt structure. We find evidence that the Riksbank’s corporate quantitative easing announcement reduces the yield spread of eligible bonds compared to the non-eligible bonds. LÄS MER

7. 5. Swedish green bond market: do firms benefit from green bonds through a lower cost of capital?

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

   Författare :Yosua Sihombing; Márta Vidéki; [2022]
   Nyckelord :Green bond; Green premium; Stock price reaction; Investor attention;

   Sammanfattning : Green bonds are one of the most important assets in sustainable finance that are projected to reach a market size of USD 1 trillion by the end of 2022. This thesis looks into the Swedish corporate bond market from 2014 to March 2022 with the goal of understanding if firms benefit from a lower cost of capital through the issuance of green bonds. LÄS MER