Authors: Patrick Augustin, Feng Jiao, Sergei Sarkissian, Michael J Schill

Publication: The Review of Financial Studies, Vol. 33, Issue 1, January 2020

Abstract:

We study how listing in multiple markets affects the dynamics between firms’ credit default swap (CDS) and stock returns. We find that cross-listing increases (1) the sensitivity of CDS to stock returns, (2) the integration of CDS with world equity and bond markets, and (3) the statistical synchronicity of CDS and stock prices. Our results are stronger for firms with greater media attention, analyst and CDS coverage, and Google search intensity and for listings in familiar markets. We suggest that a firm’s presence in global equity markets comes with an improvement in the credit-equity integration through a reduction of informational frictions.

Classified as: Patrick Augustin, finance, Sergei Sarkissian, Review of Financial Studies, Desautels 22
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Published on: 15 Jan 2020

Author: Nathan Yang

Publication: International Journal of Research in Marketing, Forthcoming

Abstract:

Classified as: Marketing
Category:
Published on: 22 Nov 2019

Authors: Daniel Frank, Fan E, Angelos Georghiou, and Vedat Verter

Publication: The Canadian Journal of Psychiatry, Forthcoming

Objective:

Classified as: operations management, Fan E
Category:
Published on: 15 Nov 2019

Authors: Sergei Sarkissian and Yan Wang

Publication: Review of Corporate Finance Studies, Forthcoming

Abstract:

Classified as: Sergei Sarkissian, finance
Category:
Published on: 10 Oct 2019

Author: Karl Moore

Publication: Wharton Leadership Digest, Summer Issue 2019

Abstract:

Classified as: Karl Moore, Strategy & Organization
Category:
Published on: 10 Oct 2019

Ruslan Goyenko, Associate Professor in Finance, awarded 2019 SSHRC Insight Grant

Classified as: Ruslan Goyenko, finance, Social Sciences and Humanities Research Council (SSHRC)
Category:
Published on: 10 Oct 2019

Matthew Corritore, Assistant Professor in Strategy & Organization, and John-Paul Ferguson, Assistant Professor in Organizational Behavior, awarded 2019 SSHRC Insight Development Grant

Classified as: John-Paul Ferguson, Organizational Behaviour, Social Sciences and Humanities Research Council (SSHRC), Strategy and Organization
Category:
Published on: 10 Oct 2019

Michelle Y. Lu, Assistant Professor in Marketing, awarded 2019 SSHRC Insight Development Grant

Classified as: Michelle Lu, Marketing, Social Sciences and Humanities Research Council (SSHRC)
Category:
Published on: 9 Oct 2019

Arvind Karunakaran, Assistant Professor in Strategy & Organization, awarded 2019 SSHRC Insight Development Grant

Classified as: Arvind Karunakaran, Social Sciences and Humanities Research Council (SSHRC), Strategy & Organization
Category:
Published on: 9 Oct 2019

Claire Heeryung Kim, Assistant Professor in Marketing, awarded 2019 SSHRC Insight Development Grant

Classified as: Claire Kim, Social Sciences and Humanities Research Council (SSHRC), Marketing
Category:
Published on: 9 Oct 2019

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