How do Bond Specific, Firm Specific and Macroeconomic Factors Influence Changes in Corporate Credit Spreads?
Submission Type
Event
Expected Graduation Date
2014
Location
Room E104, Center for Natural Sciences, Illinois Wesleyan University
Start Date
4-12-2014 10:00 AM
End Date
4-12-2014 11:00 AM
Disciplines
Business Administration, Management, and Operations
Abstract
The recession of 2008 showcased the critical role that the corporate bond market plays in providing firms with access to capital, a role reflected by a 300% increase in corporate bonds issued from $600 billion issued in 2007 to $1.8 trillion issued in 2012. In this study, I investigate the bond specific, firm specific and macroeconomic factors that explain the change in corporate credit spreads within the Consumer Staples industry between 2005 and 2013.
How do Bond Specific, Firm Specific and Macroeconomic Factors Influence Changes in Corporate Credit Spreads?
Room E104, Center for Natural Sciences, Illinois Wesleyan University
The recession of 2008 showcased the critical role that the corporate bond market plays in providing firms with access to capital, a role reflected by a 300% increase in corporate bonds issued from $600 billion issued in 2007 to $1.8 trillion issued in 2012. In this study, I investigate the bond specific, firm specific and macroeconomic factors that explain the change in corporate credit spreads within the Consumer Staples industry between 2005 and 2013.