Blar i Fakultet for økonomi (ØK) på tidsskrift "Beta"
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Estimating Contingent Convertible credit spreads in the Norwegian Bond Market using an option pricing approach
(Peer reviewed; Journal article, 2019)In this paper we model credit spreads on contingent convertible bonds (CoCos) in the Norwegian financial bond market, using a Merton-style option model approach. We examine whether the Merton risk default model provides a ... -
Examining classical capital structure models of debt utilization decisions in Norwegian SME shipping companies
(Peer reviewed; Journal article, 2022)This study aims at identifying variables that have a notable impact on the choice of leverage ratio in 161 Norwegian small and medium-sized shipping companies during the period from 2008 to 2019. We apply linear, logistic ... -
Modeling Bond Spreads and Credit Default Risk in the Norwegian Financial Market Using Structural Credit Default Models
(Peer reviewed; Journal article, 2020)In this study, we examine the credit risk of banking bonds. We apply two option-based credit default models originally derived by Merton and Black and Cox, with the aim of producing objective credit ratings and credit ... -
The Norwegian financial bond market : A comprehensive market review with an empirical analysis of the main drivers of spreads
(Peer reviewed; Journal article, 2018)In this paper, we examine the Norwegian financial bond market, i.e. the market for bonds issued by Norwegian banks. We describe the market by characterizing the market participants in the different securities on both the ... -
Stability and accuracy of credit ratings Examining credit assessments from two Norwegian banks
(Peer reviewed; Journal article, 2021)Does the novel technology blockchain conceal properties of an organization that we do not see? This paper suggests that this may be the case. The paper sets out to substantiate a claim that we might be observing the emergence ... -
Stock markets during COVID-19
(Peer reviewed; Journal article, 2022)This paper reviews the literature that addresses the stock pricing implications of the COVID-19 outbreak. Stock prices dropped substantially in March 2020 as a reaction to the onset of the COVID-19 pandemic; however, they ... -
Term Premia in Norwegian Government Bond Yields
(Peer reviewed; Journal article, 2022)The typically observed upward sloping nominal yield curve implies that investors demand positive risk premia – or term premia – to hold long-term nominal bonds. Fundamentally, the term premium is compensation to investors ... -
The Norwegian financial bond market - A comprehensive market review with an empirical analysis of the main drivers of spreads
(Journal article; Peer reviewed, 2018)In this paper, we examine the Norwegian financial bond market, i.e. the market for bonds issued by Norwegian banks. We describe the market by characterizing the market participants in the different securities on both the ...