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Social and Behavioral Sciences Commons™
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- Bank loan portfolio (1)
- CDS Spreads (1)
- COVID-19 (1)
- Cointegration (1)
- Coronavirus disease 2019 (1)
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- Credit Risk Correlation (1)
- Error correction model (1)
- Expected Returns (1)
- Financial markets (1)
- Financial modeling & forecasting (1)
- Financing patterns (1)
- Firm survival and growth (1)
- Foreign ownership (1)
- Implied Cost of Capital (1)
- Loan spreads (1)
- Reverting capital flows (1)
- Small and medium enterprises (1)
- Social sciences (1)
- State ownership (1)
- Treasury yield curve (1)
- Unit root tests (1)
- Weak exogeneity (1)
Articles 1 - 3 of 3
Full-Text Articles in Social and Behavioral Sciences
Two Essays On Credit Risk Correlation, Theophilus Teye Osah
Two Essays On Credit Risk Correlation, Theophilus Teye Osah
Theses and Dissertations
This dissertation comprises two essays on credit risk correlation. In the first essay, we provide robust empirical evidence that lenders charge higher loan spreads to borrowers with higher credit risk correlation. This effect is concentrated in investment grade firms, driven by tightening lending conditions, and more pronounced for firms with higher rollover risk. Furthermore, banks whose borrowers have higher average credit risk correlation, have greater default risk themselves. In the second paper, we find that a trading strategy that buys high- and sells low-credit risk correlation stocks generates significant risk-adjusted expected return of about 121 bps per annum. Cross-sectional regressions …
The Impacts Of Ownership And Covid-19 On Firm Performance-Three Essays, Jian Xu
The Impacts Of Ownership And Covid-19 On Firm Performance-Three Essays, Jian Xu
Theses and Dissertations
This dissertation consists of three essays on finance of ownership and COVID-19. In the first essay, we investigate the effect of residual state ownership, foreign ownership, and the interaction between the two on firms' financing patterns. we find that neither firms with residual state ownership only nor firms with foreign ownership only are positively related with external finance. In comparison, firms with both state and foreign ownerships are associated with higher external finance. The increased external finance for firms with both state and foreign ownerships mainly comes from private banks and new equity. Moreover, we explore the channels through which …
Three Essays On The Effects Of Reverting Capital Flows On U.S. Financial Markets, Rahames A. Lizardo
Three Essays On The Effects Of Reverting Capital Flows On U.S. Financial Markets, Rahames A. Lizardo
Theses and Dissertations - UTB/UTPA
The United States has been running, for a long time now, an-increasing current account deficit. In fact, the U.S. has a current account deficit with most countries in the world. The implication is that Americans have been enjoying an ever-increasing standard of living by consuming way more than what they produce, not only manufactured goods, but also important commodities such as oil. In other words, a significant fraction of our prosperity is based on borrowing rather than increased production. These persistent deficits, which translate into additional indebtedness by the U.S. and an-ever increasing amount of dollars reserves by countries such …