How firms use corporate bond markets under financial globalization? (English)

This paper studies how firms from developed and developing countries have used domestic and international corporate bond markets since the 1990s. The authors find that debt issues in domestic and international markets have different characteristics. International issues tend to be larger, of shorter maturity, denominated in foreign currency, include more fixed rate contracts, and entail lower yields. These patterns persist even when analyzing issues...

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Author

Gozzi,Juan Carlos;

Martinez Peria,Maria Soledad;

Levine,Ross Eric;

Schmukler,Sergio L.;
Document Date
2015/04/21
Document Type
Journal Article
Report Number
100272
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2018/04/21
Disclosure Status
Disclosed
Doc Name
How firms use corporate bond markets under financial globalization?
Keywords
access to international market

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Citation

Gozzi,Juan Carlos; Martinez Peria,Maria Soledad; Levine,Ross Eric; Schmukler,Sergio L..

How firms use corporate bond markets under financial globalization? (English). Author accepted manuscript Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/203651527514149239

How firms use corporate bond markets under financial globalization? (English)

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