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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DETALHES
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2015/04/21
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Artigo de revista
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100272
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1
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1
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2018/04/21
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Disclosed
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How firms use corporate bond markets under financial globalization?
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access to international market
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