Equity Volatility and Corporate Bond Yields in Malaysia
This study explores the effect of stock volatility on corporate bond yields in the Malaysian market. Panel data for 2005 to 2010 shows that index returns and macroeconomic variables explain cross-sectional variation in higher-graded corporate bond yields better than credit ratings. This implies that...
| Main Author: | |
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2010
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| Online Access: | https://eprints.nottingham.ac.uk/24719/ |
| _version_ | 1848792843979587584 |
|---|---|
| author | Vijaya Prasad, Dinesh |
| author_facet | Vijaya Prasad, Dinesh |
| author_sort | Vijaya Prasad, Dinesh |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | This study explores the effect of stock volatility on corporate bond yields in the Malaysian market. Panel data for 2005 to 2010 shows that index returns and macroeconomic variables explain cross-sectional variation in higher-graded corporate bond yields better than credit ratings. This implies that higher grade bonds are less sensitive to information that are firm-specific, and more sensitive to information that is predominantly related to the economy as a whole. |
| first_indexed | 2025-11-14T18:50:51Z |
| format | Dissertation (University of Nottingham only) |
| id | nottingham-24719 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T18:50:51Z |
| publishDate | 2010 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-247192018-04-02T18:45:39Z https://eprints.nottingham.ac.uk/24719/ Equity Volatility and Corporate Bond Yields in Malaysia Vijaya Prasad, Dinesh This study explores the effect of stock volatility on corporate bond yields in the Malaysian market. Panel data for 2005 to 2010 shows that index returns and macroeconomic variables explain cross-sectional variation in higher-graded corporate bond yields better than credit ratings. This implies that higher grade bonds are less sensitive to information that are firm-specific, and more sensitive to information that is predominantly related to the economy as a whole. 2010 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/24719/1/DineshVijayaPrasad.pdf Vijaya Prasad, Dinesh (2010) Equity Volatility and Corporate Bond Yields in Malaysia. [Dissertation (University of Nottingham only)] (Unpublished) |
| spellingShingle | Vijaya Prasad, Dinesh Equity Volatility and Corporate Bond Yields in Malaysia |
| title | Equity Volatility and Corporate Bond Yields in Malaysia |
| title_full | Equity Volatility and Corporate Bond Yields in Malaysia |
| title_fullStr | Equity Volatility and Corporate Bond Yields in Malaysia |
| title_full_unstemmed | Equity Volatility and Corporate Bond Yields in Malaysia |
| title_short | Equity Volatility and Corporate Bond Yields in Malaysia |
| title_sort | equity volatility and corporate bond yields in malaysia |
| url | https://eprints.nottingham.ac.uk/24719/ |