Employing an event study approach, we examine 5,574 bond return reactions to unexpected
quarterly dividend change announcements in the US corporate bond market over the period …

We investigate the response of UK asset prices to a large set of domestic scheduled
macroeconomic announcements using data at a daily frequency from 1998 to 2017. Our …

This chapter examines the impacts of scheduled announcements of 14 widely followed
macroeconomic news on the corporate bond market from July 2002 to June 2017 and …

There are several reasons why companies choose to issue bonds rather than borrowing
from banks. Interest paid by companies to bond investors is often lower than the interest rate …

This paper presents a structural model of default risk under macroeconomic conditions. The
macroeconomic conditions are assumed to be a finite state of a Markov chain. The …

This paper presents a default structural model of sovereign debt under macroeconomic
conditions and periodic news. I model the macroeconomic conditions to be a finite state of …

Surprise macroeconomic news causes high volatility in stock market return to the stock
market becomes riskier. This study aims to analyze the effects of surprise from the …

This paper analyzes bond price reactions to examine the information spillover from equity
analysts' recommendation revisions into the bond market. We document a positive relation …

Employing an event study approach, we examine 5,574 bond return reactions to unexpected
quarterly dividend change announcements in the US corporate bond market over the period …

This dissertation offers an examination of announcement effects in US Treasury and
corporate bond markets. Announcements include both macroeconomic variables, such as …