The effect corporate bond issuance to the equity market and its determinants

• Main Authors: Kim, Chin Sze, Abdullah, Nur Adiana Hiau
• 格式: Conference or Workshop Item
• 语言: English
• 出版: Malaysia Finance Association 2011
• 主题: HG Finance
• 在线阅读: http://repo.uum.edu.my/3526/1/MFA.pdf; http://repo.uum.edu.my/3526/; http://www.ukm.my/mfa2011/

The study aims to investigate the signaling effect of bond issuance in Malaysia and to determine the company characteristics that influence the effect. Findings of the study reveal positive cumulative average abnormal returns following bond issuance indicating that the market treat bond offers as fa...