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Is it worth issuing bonds in China? Evidence from stock market reactions
(15.12.2015)
BOFIT Discussion Papers 33/2015
BOFIT Discussion Papers 33/2015
There has been a considerable expansion of corporate bond markets in China in the recent years. The objective of this study is to examine the stock market reaction following bond issuance by Chinese companies. In addition ...
Who gains from credit granted between firms? Evidence from inter-corporate loan announcements made in China
(17.01.2015)
BOFIT Discussion Papers 1/2015
BOFIT Discussion Papers 1/2015
Who gains from inter-corporate credit? To answer this question we investigate the reactions of the stock prices of both the issuing and receiving firms to the announcements of 719 inter-corporate loans that took place ...