The Effect of Municipal Bond Rating Change Announcements on Seasoned Bond Prices

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis The Effect of Municipal Bond Rating Change Announcements on Seasoned Bond Prices by : Barry R. Marks

Download or read book The Effect of Municipal Bond Rating Change Announcements on Seasoned Bond Prices written by Barry R. Marks and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In the municipal bond market, announcements of changes in general obligation bond ratings by the rating agencies are typically made concurrently with announcements of new bond issues. Hence, prior research on the information content of municipal bond rating change announcements is subject to the possible confounding effects of concurrent announcements of new bond issues. Jantscher ( 1970) concluded that bonds sell at prices that reflect rating changes prior to the actual change announcement. Ingram et al. (1983), on the other hand, report that municipal bond prices respond contemporaneously to rating change announcements, i.e., that the market is not able to anticipate rating revisions. However, since Ingram et al. (1983) did not control for the potential information effects of concurrent new issues, their results could be misleading, whereas Jantscher only examined new issues. This paper examines the effect of rating change announcements on municipal seasoned bond prices after controlling for the potentially confounding effects of new bond issues.

The Effect of New Issue Accounting Information on Seasoned Municipal Bond Prices

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis The Effect of New Issue Accounting Information on Seasoned Municipal Bond Prices by : Earl R. Wilson

Download or read book The Effect of New Issue Accounting Information on Seasoned Municipal Bond Prices written by Earl R. Wilson and published by . This book was released on 2000 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Prior studies have shown that seasoned municipal bond prices exhibit a marked increase in variability during the period of new bond issues by the same municipality. Those studies did not attempt, however, to determine whether accounting information was part of the total information being assimilated into the seasoned bond prices. This issue is of substantial policy interest given the SEC's recent rule barring dealers from underwriting new issues unless the issuer agrees to provide continuing disclosure to investors. The SEC acted following growing concern about poor disclosure in the municipal bond secondary market. This study provides evidence that accounting measures believed to be important to bond investors are significantly associated with returns on the seasoned bonds of infrequent issuers during a new issue but not during two control nonevent periods. No associations were found for frequent issuers.

The Municipal Bond Rating Process

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ISBN 13 :
Total Pages : 110 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis The Municipal Bond Rating Process by : Paul G. Farnham

Download or read book The Municipal Bond Rating Process written by Paul G. Farnham and published by . This book was released on 1981 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Municipal Finance Journal

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ISBN 13 :
Total Pages : 408 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Municipal Finance Journal by :

Download or read book Municipal Finance Journal written by and published by . This book was released on 1994 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt:

International Encyclopedia of Public Policy and Administration Volume 1

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Publisher : Routledge
ISBN 13 : 0429703996
Total Pages : 658 pages
Book Rating : 4.4/5 (297 download)

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Book Synopsis International Encyclopedia of Public Policy and Administration Volume 1 by : Jay Shafritz

Download or read book International Encyclopedia of Public Policy and Administration Volume 1 written by Jay Shafritz and published by Routledge. This book was released on 2019-03-01 with total page 658 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first volume of a four-volume encyclopaedia which combines public administration and policy and contains approximately 900 articles by over 300 specialists. This Volume covers entries from A to C. It covers all of the core concepts, terms and processes of applied behavioural science, budgeting, comparative public administration, develo

The New Palgrave Dictionary of Money and Finance

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Publisher : Springer
ISBN 13 : 1349117218
Total Pages : 869 pages
Book Rating : 4.3/5 (491 download)

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Book Synopsis The New Palgrave Dictionary of Money and Finance by : John Eatwell

Download or read book The New Palgrave Dictionary of Money and Finance written by John Eatwell and published by Springer. This book was released on 1992-10-14 with total page 869 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first reference work ever to be awarded the Eccles Prize for Excellence in Economic Writing from Columbia Business School. Continuing in the tradition of The New Palgrave , this 3-volume set provides an unparalleled guide to modern money, banking and finance. In over 1,000 substantial essays by leading academic and professional authorities, it provides the most comprehensive analysis available of contemporary theory and the fast-evolving global monetary and financial framework. In its scope and depth of coverage, it is indispensable for the academic and practitioner alike.

Research in Governmental and Nonprofit Accounting

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Publisher : JAI Press
ISBN 13 : 9780762301690
Total Pages : 256 pages
Book Rating : 4.3/5 (16 download)

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Book Synopsis Research in Governmental and Nonprofit Accounting by : P A Copley P a

Download or read book Research in Governmental and Nonprofit Accounting written by P A Copley P a and published by JAI Press. This book was released on 1999-04-15 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of Research in Governmental and Nonprofit Accounting is to stimulate and report high-quality research on a wide range of governmental and nonprofit accounting issues. A number of papers appearing in Volume 10 differ from much of our existing empirical work. The Bento and White and Copley and Seay studies use time-series data over relatively long intervals. In the case of the Sneed and Sneed and Elder, Kattelus, and Douthett studies, the authors use methodologies which have not been employed in previous studies in either the public or private sector. To the extent that these methodologies permit investigation of previously unexplored issues, the papers will be of interest to researchers outside of the governmental and nonprofit area. Governmental and nonprofit accounting represents an undeveloped research area which would benefit from rigorous examination. The government and not-for-profit sectors are also becoming increasingly attractive research areas. There are new standards of reporting for not-for-profit entities and a proposal for a dramatic change in state and local government financial statements. Change is always an opportunity for new research. As evidenced by the Forgione chapter, data exists and is becoming increasingly available.

The Behavior of Interest Rates

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ISBN 13 :
Total Pages : 168 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The Behavior of Interest Rates by : Joseph W. Conard

Download or read book The Behavior of Interest Rates written by Joseph W. Conard and published by . This book was released on 1966 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Financial Crisis Inquiry Report

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Publisher : Cosimo, Inc.
ISBN 13 : 1616405414
Total Pages : 692 pages
Book Rating : 4.6/5 (164 download)

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Book Synopsis The Financial Crisis Inquiry Report by : Financial Crisis Inquiry Commission

Download or read book The Financial Crisis Inquiry Report written by Financial Crisis Inquiry Commission and published by Cosimo, Inc.. This book was released on 2011-05-01 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.

Quarterly Journal of Business and Economics

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Publisher :
ISBN 13 :
Total Pages : 484 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis Quarterly Journal of Business and Economics by :

Download or read book Quarterly Journal of Business and Economics written by and published by . This book was released on 1991 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Markets for Corporate Debt Securities

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Publisher : International Monetary Fund
ISBN 13 : 1451848870
Total Pages : 88 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Markets for Corporate Debt Securities by : T. Todd Smith

Download or read book Markets for Corporate Debt Securities written by T. Todd Smith and published by International Monetary Fund. This book was released on 1995-07-01 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper surveys markets for corporate debt securities in the major industrial countries and the international markets. The discussion includes a comparison of the sizes of the markets for various products, as well as the key operational, institutional, and legal features of primary and secondary markets. Although there are some signs that debt markets may be emphasized in the future by some countries, it remains true that North American debt markets are the most active and liquid in the world. The international debt markets are, however, growing in importance. The paper also investigates some of the reasons for the underdevelopment of domestic bond markets and the consequences of firms shifting their debt financing needs from banks to securities markets.

Journal of Accounting and Public Policy

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ISBN 13 :
Total Pages : 852 pages
Book Rating : 4./5 ( download)

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Book Synopsis Journal of Accounting and Public Policy by :

Download or read book Journal of Accounting and Public Policy written by and published by . This book was released on 1992 with total page 852 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Bonds Now!

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Publisher : John Wiley & Sons
ISBN 13 : 0470937327
Total Pages : 249 pages
Book Rating : 4.4/5 (79 download)

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Book Synopsis Bonds Now! by : Marilyn Cohen

Download or read book Bonds Now! written by Marilyn Cohen and published by John Wiley & Sons. This book was released on 2010-08-13 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: A money-making formula for navigating the bond market's new rules of fixed income investing The credit meltdown has completely reshaped the market for government bonds, Treasury bonds, T-bills, and high yield bond funds. Investors are flocking to corporate bonds and municipal bonds. Tax advantaged bonds have become the safe haven of choice. But you have to know where to look. Bonds Now! shows you. Bonds Now! offers rare insight into safely investing in fixed income vehicles while maintaining necessary liquidity and meeting yield targets. It doesn't waste a lot of time on the elementary basics, but instead, jumps right in and shows you how to build a safe bond portfolio designed to weather turbulent economic downturns. Discusses how to quickly analyze a bond as well as buy and sell them Examines what it takes to build an impregnable fortress around your bond portfolio Reveals how to develop a sixth sense for trouble and sell your bond position while there's still time There is only one way to guarantee you're getting the right information-get it yourself. Bonds Now! shows you how and where, but even more importantly, this reliable resource clearly explains what to do with it once you have it. This is a knockout formula with proven results. It is the only way to guarantee the bond market won't steal your money. Today's explosive financial environment demands that investors find a safe haven for their money. Using Bonds Now! as your guide, the bond market is that place. Buy this book today and start your own journey to economic recovery.

Bibliographie der Staats-und Wirtschaftswissenschaften

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Publisher :
ISBN 13 :
Total Pages : 1040 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Bibliographie der Staats-und Wirtschaftswissenschaften by :

Download or read book Bibliographie der Staats-und Wirtschaftswissenschaften written by and published by . This book was released on 1995 with total page 1040 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Guide to Financial Markets

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Publisher : The Economist
ISBN 13 : 1541742516
Total Pages : 250 pages
Book Rating : 4.5/5 (417 download)

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Book Synopsis Guide to Financial Markets by : Marc Levinson

Download or read book Guide to Financial Markets written by Marc Levinson and published by The Economist. This book was released on 2018-07-24 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: The revised and updated 7th edition of this highly regarded book brings the reader right up to speed with the latest financial market developments, and provides a clear and incisive guide to a complex world that even those who work in it often find hard to understand. In chapters on the markets that deal with money, foreign exchange, equities, bonds, commodities, financial futures, options and other derivatives, the book examines why these markets exist, how they work, and who trades in them, and gives a run-down of the factors that affect prices and rates. Business history is littered with disasters that occurred because people involved their firms with financial instruments they didn't properly understand. If they had had this book they might have avoided their mistakes. For anyone wishing to understand financial markets, there is no better guide.

Bibliographie der Wirtschaftswissenschaften

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Publisher :
ISBN 13 :
Total Pages : 1040 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Bibliographie der Wirtschaftswissenschaften by :

Download or read book Bibliographie der Wirtschaftswissenschaften written by and published by . This book was released on 1995 with total page 1040 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Financial Markets and Corporate Strategy European Edition 2e

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Publisher : McGraw Hill
ISBN 13 : 0077141350
Total Pages : 881 pages
Book Rating : 4.0/5 (771 download)

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Book Synopsis Financial Markets and Corporate Strategy European Edition 2e by : David Hillier

Download or read book Financial Markets and Corporate Strategy European Edition 2e written by David Hillier and published by McGraw Hill. This book was released on 2011-01-16 with total page 881 pages. Available in PDF, EPUB and Kindle. Book excerpt: The second European edition of Financial Markets and Corporate Strategy provides comprehensive coverage of financial markets and corporate finance, brought to life by real world examples, cases and insights. Placed in a truly international context, this new and updated edition takes an academic and practical view-point to guide students through the challenges of studying and practicing finance. Aimed specifically at an international audience, this edition boasts hundreds of references to new and relevant non-US research papers from top finance journals. Whilst retaining the well respected structure of the successful US text, Professor David Hillier has also made a number of additions which include: Fully updated research, data and examples in every chapter. Coverage of the global financial crisis, the impact it made on the financial markets and the lessons being learnt by the finance industry. A stronger emphasis on corporate governance and agency theory. Updates on accounting standards, bankruptcy laws, tax rules and tax systems.