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Banks vs. markets : Are banks more effective in facilitating sustainability?
(27.04.2022)
BOFIT Discussion Papers 5/2022
BOFIT Discussion Papers 5/2022
Is bank- versus market-based financing different in its attitudes towards Environmental, Social, and Governance (ESG) risk? Using a novel sample covering 3,783 U.S. public firms from 2007 to 2020, we study how firm-level ...
Ownership structure and the cost of debt : Evidence from the Chinese corporate bond market
(19.09.2019)
BOFIT Discussion Papers 18/2019
BOFIT Discussion Papers 18/2019
Drawing upon evidence from the Chinese corporate bond market, we study how ownership structure affects the cost of debt for firms. Our results show that state, institutional and foreign ownership formats reduce the cost ...
Drivers of portfolio flows into Chinese debt securities amidst China’s bond market development
(05.12.2023)
BOFIT Discussion Papers 8/2023
BOFIT Discussion Papers 8/2023
The paper focuses on China’s onshore bond market and the drivers of non-resident net portfolio flows into Chinese debt securities. Building on a theoretical model of push and pull factors as a foundation for the empirical ...