The Determinants of Corporate Risk in Emerging Markets : An Option-Adjusted Spread Analysis /

This study explores the determinants of corporate bond spreads in emerging markets economies. Using a largely unexploited dataset, the paper finds that corporate bond spreads are determined by firm-specific variables, bond characteristics, macroeconomic conditions, sovereign risk, and global factors...

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Autor principal: Cavallo, Eduardo
Altres autors: Valenzuela, Patricio
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2007.
Col·lecció:IMF Working Papers; Working Paper ; No. 2007/228
Accés en línia:Full text available on IMF