Are Junk Bonds Junk?
碩士 === 國立臺灣科技大學 === 財務金融研究所 === 98 === This paper employs Sharpe ratio and information ratio to investigate if junk bonds command higher excess returns than premium bonds due to the “synergy negative convexity” after the subprime crisis. Our empirical results reveal that: (1) Corporations with junk...
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| Format: | Others |
| Language: | en_US |
| Published: |
2010
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| Online Access: | http://ndltd.ncl.edu.tw/handle/00610079326734756968 |