Debt rollover risk, credit default swap spread and stock returns: Evidence from the COVID-19 crisis()

This paper studies how the COVID-19 shock affects the CDS spread changes and abnormal stock returns of U.S. firms with different levels of debt rollover risk. We use the COVID-19 crisis as a quasi-natural experiment of adverse cash flow shock that increases the default risk of firms facing an immedi...

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Detalles Bibliográficos
Autores principales: Liu, Ya, Qiu, Buhui, Wang, Teng
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier B.V. 2021
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9187429/
http://dx.doi.org/10.1016/j.jfs.2021.100855

Internet

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9187429/
http://dx.doi.org/10.1016/j.jfs.2021.100855

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