The Application of the Event Study to the Analysis of the Public Information Impact on the Corporate Bond Prices

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Miniatura

Data

2014

Tytuł czasopisma

ISSN czasopisma

Tytuł tomu

Wydawca

Wyższa Szkoła Biznesu - National-Louis University in Nowy Sącz

Abstrakt

This paper reflects on the characteristics of the event study analysis as a method for investigating the impact of the public information on the corporate bonds prices. There are certain aspects of the event study methodology presented and the application of the method to research on the corporate debt market is shown. The empirical part of the paper analyses the reaction of the financial instruments traded on the Catalyst market on the several events that concern the financial condition of the issuer.

Opis

Słowa kluczowe

corporate bonds, informational efficiency, event study, Catalyst market

Cytowanie

Business and Non-Profit Organizations Facing Increased Competition and Growing Customers' Demands. Ed. by A. Nalepka, A. Ujwary-Gil. Nowy Sącz : WSB-NLU, cop. 2014. – S. 323-339