The Impact of Corporate Bond Issuance on Firms’ Performance: Evidence from Chinese Listed Companies
In recent years, Chinese corporate bond markets have grown at a remarkable rate. This thesis aims to examine the impact of corporate bond issuances on the momentum of stock prices by applying the event study. Our study comprises 212 corporate bond samples in the Chinese bond market from 2012 to 2016. Additionally, we investigate whether firm-specific and bond-specific characteristics correlate to