The impacts of credit default swaps on debt pricing, corporate investment and dividend policy
This thesis seeks to answer how the availability of credit default swaps (CDSs) affects the economy and its participants. As a sort of financial innovation, CDSs transfer default risk among investors. For each transaction, the CDS buyer pays the seller a premium and, in exchange, receives compensati...
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University of Bath
2018
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| Online Access: | https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.767580 |