Governance Impact on Private Investment: Evidence from the International Patterns of Infrastructure Bond Risk Pricing

N.B. Bubnova

Working Papers from World Bank - Technical Papers

Abstract: This paper uses international cross-sectional and time-series infrastructure bond risk premium and credit rating history data from the past decade to examine the factors that influence investor risk perceptions and that inflate the cost of borrowing for essential infrastructure. The information thus generated abut key governance risks is then analyzed for its policy implications.

Keywords: CAPITAL MARKET; INVESTMENTS; RISK; BONDS (search for similar items in EconPapers)
JEL-codes: G18 G19 G24 (search for similar items in EconPapers)
Pages: 79 pages
Date: 2000
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:fth:wobate:488

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