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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| Natura: | Periodico |
| Lingua: | English |
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Washington, D.C. :
International Monetary Fund,
2007.
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| Serie: | IMF Working Papers; Working Paper ;
No. 2007/228 |
| Accesso online: | Full text available on IMF |