Neu-Emissions-Prämien: Handlungsalternativen für CFOs bei der Emission von Corporate Bonds

Carl Heinz Daube and Vladislav Krivenkov

EconStor Preprints from ZBW - Leibniz Information Centre for Economics

Abstract: Underpricing of corporate bond offerings result in excess returns for investors (new issue premia) but lead to higher costs for the issuer. This paper analyses the new issue premia of 1.556 Euro denominated fixed coupon corporate bonds and finds a systematic underpricing of new issued bonds. The results are evaluated from a perspective of CFOs whether opportunities for saving funding costs exist.

Keywords: Neu-Emissionprämien; CFO; Handlungsoptionen für CFO; Unternehmensfinanzierung (search for similar items in EconPapers)
JEL-codes: G31 (search for similar items in EconPapers)
Date: 2019
New Economics Papers: this item is included in nep-env and nep-ger
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:esprep:191940

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