Forced sale of assets could stretch illiquidity across industries
Known as collateralized loan obligations, their aim is actually to reduce risk
Studying Chinese A and B shares reveals investor uncertainty
Make the influence industry more competitive, a theoretical study suggests
Syndicate voting rules reflect varying levels of trust and familiarity
Loans that include a sweetener or penalty tied to ESG performance seem to induce more honest reporting
Companies that take longer than expected to announce results may be buying time for accounting tricks
Private equity investors weigh the total cost of capital — not just debt, but equity as well — when pursuing buyouts
Stocks don’t react to news immediately because, well, we’re human
Companies hide from shareholders information about loans — more than likely to appease banks
Some lenders’ balance sheets are less affected by a rising federal funds rate
Tax policy change triggers an incentive for lenders to be more aggressive
Patterns in corporate bond returns include abrupt short-term performance reversals and “momentum” waves that persist