Vis enkel innførsel

dc.contributor.advisorMjøs, Aksel
dc.contributor.authorUvholt, Lars
dc.contributor.authorMuggerud, Thomas
dc.date.accessioned2018-09-04T10:28:16Z
dc.date.available2018-09-04T10:28:16Z
dc.date.issued2018
dc.identifier.urihttp://hdl.handle.net/11250/2560658
dc.description.abstractThis paper examines the relative informational efficiency of the Norwegian corporate bond market. To overcome problems with infrequent trading, we supplement transaction data for bonds and stocks with bond price estimates, and employ a VAR model to determine predictability in cross-market returns. In periods where news about common factors are more prominent, we find evidence of stocks leading bonds. In contrast, during periods of increased investor awareness, firm-specific news typically dominates, and related bonds and stocks exhibit equal informational efficiency. These findings suggest that the type of new information revealed might determine whether bondholders choose to enter the market.nb_NO
dc.language.isoengnb_NO
dc.subjectfinancial economicsnb_NO
dc.titleThe informational efficiency of the Norwegian corporate bond market : an empirical analysis of predictability in cross-market returns between stocks and corporate bonds in Norwaynb_NO
dc.typeMaster thesisnb_NO
dc.description.localcodenhhmasnb_NO


Tilhørende fil(er)

Thumbnail

Denne innførselen finnes i følgende samling(er)

Vis enkel innførsel