Many hands make light work: Evidence from China’s anti-epidemic bonds()

Based on China’s anti-epidemic bond data, this paper investigates stock market reactions to the anti-epidemic bond issuance announcements during the COVID-19 pandemic. We find that anti-epidemic bond issuance significantly increases the cumulative abnormal return (CAR) compared with conventional bon...

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Detalles Bibliográficos
Autores principales: Shi, Ning, Wang, Ying, Chen, Wenzhe
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier B.V. 2022
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8915664/
https://www.ncbi.nlm.nih.gov/pubmed/35291227
http://dx.doi.org/10.1016/j.econlet.2022.110426
Descripción
Sumario:Based on China’s anti-epidemic bond data, this paper investigates stock market reactions to the anti-epidemic bond issuance announcements during the COVID-19 pandemic. We find that anti-epidemic bond issuance significantly increases the cumulative abnormal return (CAR) compared with conventional bond issuance.

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