Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 12 of 12 for “"bond ratings"”.
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Climate Change and Municipal Bond Ratings
… change risks are incorporated into municipal bond ratings. In particular, I investigate whether municipalities with exposure to sea-level rise have lower bond ratings. Using a sample of rated bond issuances from 2011 to 2020, I docu- ment a negative relationship between bond ratings and …
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Environmental Liabilities and Bond Yields
… This study examines the relation among bond ratings, bond yields, and EPA-based estimates of contingent environmental remediation liabilities to test if the relationships hold as theory implies it would. Extant theory suggests that financial variables, such as environmental remediation …
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Determinants of U.S. corporate credit spreads.
… between yields to maturity for corporate bonds and default-free instruments (Treasury bonds) of the same maturity. Corporate credit spreads are considered as measures of default risk. However, the premium required by investors for holding risky rather than risk-free bonds will incorporate …
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Faktor keuangan dan non keuangan yang mempengaruhi peringkat obligasi dan sukuk: Analisis komparatif pada peringkat obligasi dan sukuk yang terdaftar di Bursa Efek Indonesia Tahun 2012-2014
… beside stocks in the capital market is a bond. Islamic bonds or sukuk can be used as an alternative investment beside stocks for investors who are interested in the sharia economic system that is now becoming a trend in Indonesia. Investments in bonds and sukuk requires a measurement of …
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Achieving High Performance in Local Government: Linking Government Outcomes with Human Resource Management Practices
… of un-enhanced general obligation municipal bond rating. A database was obtained from the International City/County Management Association (ICMA) containing the results of an HRM survey in 2000 of all U.S. municipalities with a population over 10,000. The municipal bond rating was then used …
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Market timing and cost of capital of the firm
… debt markets based on term spreads or excess bond returns when choosing the maturity of new debt issues. Whether debt market timing increases firm value via a reduced cost of capital is an empirical question. I examine differences in firm value across non-timers and timers, where timers are …
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An examination of the impact of early retirement incentives on school district financial health
… of the school district included school district bond rating, the school district fund equity percentage and change in general fund expenditures of school districts.</p> <p>This study used both t-tests and multiple regression analysis to determine if offering an ERI had any effect on the financial …
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Modelling, forecasting and riding credit risk in the Sterling Eurobond market
… of credit risk dynamics in the Sterling Eurobond market. The background to the thesis is the increasing size, complexity and volatility of all debt markets, where the tasks of measuring, understanding and forecasting credit risk are of central importance to investing institutions and to …
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An Empirical Investigation of the Effects of Earnings Predictability and Auditor-Client Relationships on the Bond Credit Market
… examining the effect these issues have on the bond credit market. The first study examines the effect earnings predictability has on both the initial bond rating and the initial pricing of the issue. Earnings predictability is measured as (1) the annual earnings surprise (actual minus analyst …
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Three Studies of Auditor Independence
… non-audit services on the client company's bond rating. If financial statement users believe that auditors providing non-audit services impairs the auditor's independence, they are likely to recognize an increase in information risk associated with such impairment (Johnstone et al. 2001). …
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An examination of bond rating, beta and value-at-risk as financial risk measures.
A bond rating is a measure of a company's creditworthiness, which is provided by rating agencies based on the company's past financial performance, management plan, and industry outlook. From the Agency Theory perspective, a downgrade is an opinion of a rating agency, and thus its announcement is …
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Contagion and Systemic Risk in Financial Networks
… the meaning of structured finance credit ratings issued by rating agencies and the methodology behind them. Chapter 6 aims at clarifying some misconceptions related to structured finance ratings and how they are commonly interpreted: we discuss the comparability of structured finance …