Cultural advice

The Australian National University acknowledges, celebrates and pays our respects to the Ngunnawal and Ngambri people of the Canberra region and to all First Nations Australians on whose traditional lands we meet and work, and whose cultures are among the oldest continuing cultures in human history.

Aboriginal and Torres Strait Islander peoples are advised that ANU Library collections may include images, names, voices, and other representations of deceased persons.

Material in the collection may contain terms, language or views that reflect the period in which the item was created and may be considered inappropriate today.

The Importance of Sovereign Reference Rates for Corporate Debt Issuance

Simple item page
dc.contributor.authorvan Bekkum, Sjoerd
dc.contributor.authorGrundy, Bruce David
dc.contributor.authorVerwijmeren, Patrick
dc.date.accessioned2023-03-08T23:02:16Z
dc.date.issued2021
dc.date.updated2021-12-26T07:19:02Z
dc.description.abstractWe show that sovereign bond benchmarks are important determinants of corporate bond issuance and maturity. Sovereign bond issues that increase a country’s maximum maturity are followed by increases in the maximum maturity of corporate issues. Our results suggest that by providing benchmark rates, long-maturity government issues complement the issuance of similar-maturity corporate issues. Sovereign and corporate bond issues can also be substitutes, but we find that this substitutability requires the availability of a high-quality sovereign bond benchmark. Our findings highlight the role that sovereign debt and its maturity play in capital market developmenten_AU
dc.description.sponsorshipThis report was commisioned by University of Melbourneen_AU
dc.format.mimetypeapplication/pdfen_AU
dc.identifier.urihttp://hdl.handle.net/1885/286910
dc.language.isoen_AUen_AU
dc.publisherSSRNen_AU
dc.rights© 2021 SSRNen_AU
dc.source.urihttps://papers.ssrn.com/sol3/papers.cfm?abstract_id=3330391en_AU
dc.titleThe Importance of Sovereign Reference Rates for Corporate Debt Issuanceen_AU
dc.typeReport (Commissioned)en_AU
dcterms.accessRightsFree Access via publisher websiteen_AU
local.bibliographicCitation.lastpage40en_AU
local.bibliographicCitation.placeofpublicationMelbourne, Australia
local.bibliographicCitation.startpage1en_AU
local.contributor.affiliationvan Bekkum, Sjoerd, Erasmus Universityen_AU
local.contributor.affiliationGrundy, Bruce, College of Business and Economics, ANUen_AU
local.contributor.affiliationVerwijmeren, Patrick, Erasmus University Rotterdamen_AU
local.contributor.authoruidGrundy, Bruce, u1070287en_AU
local.description.embargo2099-12-31
local.description.notesImported from ARIESen_AU
local.identifier.absfor350205 - Household finance and financial literacyen_AU
local.identifier.absfor380107 - Financial economicsen_AU
local.identifier.ariespublicationu1027566xPUB173en_AU
local.identifier.doi10.2139/ssrn.3330391en_AU
local.publisher.urlhttps://papers.ssrn.com/sol3/papers.cfm?abstract_id=3330391en_AU
local.type.statusPublished Versionen_AU

Downloads

Original bundle

Now showing 1 - 1 of 1
Thumbnail Image
Name:
SSRN-id3330391.pdf
Size:
694.83 KB
Format:
Adobe Portable Document Format
Description:
Download

Collections

ANU Research Publications

DSpace software copyright © 2002-2026 LYRASIS