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https://www.um.edu.mt/library/oar/handle/123456789/65909| Title: | Underpricing of newly issued corporate bonds in the CEE markets |
| Authors: | Zaremba, Adam |
| Keywords: | Capital market -- Europe, Eastern Finance -- Europe, Eastern Corporate governance -- Europe, Eastern Capital market -- Europe, Central Finance -- Europe, Central Corporate governance -- Europe, Central |
| Issue Date: | 2014 |
| Publisher: | Governance Research and Development Centre, Croatia & University of Malta, Faculty of Economics, Management and Accountancy, Department of Insurance |
| Citation: | Zaremba, A. (2014). Underpricing of newly issued corporate bonds in the CEE markets. Underpricing of newly issued corporate bonds in the CEE markets, 1(1), 1-11. |
| Abstract: | IPO anomalies in the corporate debt markets are to great extent unexplored field in the academic literature. The aim of this paper is to investigate the underpricing phenomenon of newly issued corporate bonds on the Catalyst market and its determinants. I use event study methodology to test for underpricing and perform regressions to find its determinants. The sample includes 142 corporate bonds issued between March 2010 and August 2013 and listed on the Catalyst market. The computations confirm the uderpricing effect in the CEE market, however do not allow to indicate its determinants. |
| URI: | https://www.um.edu.mt/library/oar/handle/123456789/65909 |
| ISSN: | 2757-0983 |
| Appears in Collections: | JCGIRM, Volume 1, Issue 1, 2014 |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| Underpricing of newly issued corporate bonds in the CEE.pdf | 212.8 kB | Adobe PDF | View/Open |
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