Book-to-Market, Mispricing, and the Cross-Section of Corporate Bond Returns
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下载链接：
https://www.nber.org/papers/w27655
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资源简介：
Methodological insights generating comprehensive transaction-based bond datasets reveal that corporate bonds book-to-market ratios predict returns from prices transacted days after signal observation. Senior bonds (even investment-grade) with the 20% highest ratios outperform the 20% lowest by 3%4%
提供机构：
美国国家经济研究局
创建时间：
2020-08-01
