Analyzing Wealth Effects for Bondholders: New Insight on Major Corporate Events from the Debtholders' Perspective

by Daniel Maul

Overview

The book examines the impact of firm events on bondholder wealth. First, the methodologies of papers that conduct bond event studies are reviewed. Second, the impact of synergy forecasts at M&A announcements on corporate debt and equity securities is investigated. Finally, regular debt offerings are compared to reopenings of corporate bonds.

Product Details

ISBN-13:	9783631671191
Publisher:	Peter Lang GmbH, Internationaler Verlag der Wissenschaften
Publication date:	03/08/2016
Series:	Corporate Finance and Governance , #20
Pages:	183
Product dimensions:	5.83(w) x 8.27(h) x (d)

About the Author

Daniel Maul studied Business Administration and Engineering (Wirtschaftsingenieurwesen) at Darmstadt University of Technology. He worked as a research and teaching assistant at the Chair of Corporate Finance.

Table of Contents

Contents: Importance and economic relevance of corporate bonds – Review of event study procedures to detect wealth effects in bondholder research – Wealth effects of synergy disclosing M&A announcements in the US energy sector – Wealth effects of corporate bond reopenings.

Preface

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