FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W2898857397> ?p ?o ?g. }

• W2898857397 abstract "This paper uses contingent claim asset pricing and exploits capital structure priority to better understand the relation between corporate security returns and interest rate changes (i.e., duration). We show theoretically and, using a novel dataset, confirm empirically that lower priority securities in the capital structure, such as subordinated or distressed debt and equity, have low or even negative durations because these securities are effectively short higher priority, high duration fixed rate debt. This finding has important implications for interpreting existing results on (i) the time-varying correlation between the aggregate stock market and government bonds, (ii) the use of bond factors for multifactor asset pricing models and forecasting bond and stock returns, (iii) the Fisher effect and inflation, and (iv) the betas of corporate bonds.Institutional subscribers to the NBER working paper series, and residents of developing countries may download this paper without additional charge at www.nber.org." @default.
• W2898857397 created "2018-11-09" @default.
• W2898857397 creator A5036721198 @default.
• W2898857397 creator A5039580501 @default.
• W2898857397 creator A5044824335 @default.
• W2898857397 date "2013-01-01" @default.
• W2898857397 modified "2023-09-23" @default.
• W2898857397 title "On the Fundamental Relation between Equity Returns and Interest Rates" @default.
• W2898857397 cites W1975161917 @default.
• W2898857397 cites W1975230256 @default.
• W2898857397 cites W1985358018 @default.
• W2898857397 cites W1994919028 @default.
• W2898857397 cites W1995834279 @default.
• W2898857397 cites W2003124798 @default.
• W2898857397 cites W2006804758 @default.
• W2898857397 cites W2006808353 @default.
• W2898857397 cites W2007785900 @default.
• W2898857397 cites W2008301397 @default.
• W2898857397 cites W2059563928 @default.
• W2898857397 cites W2060638358 @default.
• W2898857397 cites W2076011286 @default.
• W2898857397 cites W2076057077 @default.
• W2898857397 cites W2076397536 @default.
• W2898857397 cites W2088430993 @default.
• W2898857397 cites W2089556049 @default.
• W2898857397 cites W2094659867 @default.
• W2898857397 cites W2100935590 @default.
• W2898857397 cites W2105094427 @default.
• W2898857397 cites W2128475248 @default.
• W2898857397 cites W2140629319 @default.
• W2898857397 cites W2141185104 @default.
• W2898857397 cites W2151432181 @default.
• W2898857397 cites W2154903394 @default.
• W2898857397 cites W2160547344 @default.
• W2898857397 cites W2910241951 @default.
• W2898857397 cites W2914489443 @default.
• W2898857397 cites W3023246137 @default.
• W2898857397 cites W3094695430 @default.
• W2898857397 cites W3121402419 @default.
• W2898857397 cites W3121790069 @default.
• W2898857397 cites W3121822730 @default.
• W2898857397 cites W3121894089 @default.
• W2898857397 cites W3121922271 @default.
• W2898857397 cites W3122086088 @default.
• W2898857397 cites W3122494558 @default.
• W2898857397 cites W3122555292 @default.
• W2898857397 cites W3122913149 @default.
• W2898857397 cites W3122914324 @default.
• W2898857397 cites W3123164798 @default.
• W2898857397 cites W3123300179 @default.
• W2898857397 cites W3123455527 @default.
• W2898857397 cites W3123465851 @default.
• W2898857397 cites W3125167298 @default.
• W2898857397 cites W3125203185 @default.
• W2898857397 cites W3125381239 @default.
• W2898857397 cites W3126059480 @default.
• W2898857397 cites W3126074134 @default.
• W2898857397 cites W4234997859 @default.
• W2898857397 cites W4246478771 @default.
• W2898857397 cites W4361745283 @default.
• W2898857397 doi "https://doi.org/10.2139/ssrn.2324904" @default.
• W2898857397 hasPublicationYear "2013" @default.
• W2898857397 type Work @default.
• W2898857397 sameAs 2898857397 @default.
• W2898857397 citedByCount "0" @default.
• W2898857397 crossrefType "journal-article" @default.
• W2898857397 hasAuthorship W2898857397A5036721198 @default.
• W2898857397 hasAuthorship W2898857397A5039580501 @default.
• W2898857397 hasAuthorship W2898857397A5044824335 @default.
• W2898857397 hasBestOaLocation W28988573972 @default.
• W2898857397 hasConcept C106159729 @default.
• W2898857397 hasConcept C149782125 @default.
• W2898857397 hasConcept C162324750 @default.
• W2898857397 hasConcept C175025494 @default.
• W2898857397 hasConcept C17744445 @default.
• W2898857397 hasConcept C199539241 @default.
• W2898857397 hasConcept C199728807 @default.
• W2898857397 hasConcept C25343380 @default.
• W2898857397 hasConcept C41008148 @default.
• W2898857397 hasConcept C556758197 @default.
• W2898857397 hasConcept C77088390 @default.
• W2898857397 hasConceptScore W2898857397C106159729 @default.
• W2898857397 hasConceptScore W2898857397C149782125 @default.
• W2898857397 hasConceptScore W2898857397C162324750 @default.
• W2898857397 hasConceptScore W2898857397C175025494 @default.
• W2898857397 hasConceptScore W2898857397C17744445 @default.
• W2898857397 hasConceptScore W2898857397C199539241 @default.
• W2898857397 hasConceptScore W2898857397C199728807 @default.
• W2898857397 hasConceptScore W2898857397C25343380 @default.
• W2898857397 hasConceptScore W2898857397C41008148 @default.
• W2898857397 hasConceptScore W2898857397C556758197 @default.
• W2898857397 hasConceptScore W2898857397C77088390 @default.
• W2898857397 hasLocation W28988573971 @default.
• W2898857397 hasLocation W28988573972 @default.
• W2898857397 hasOpenAccess W2898857397 @default.
• W2898857397 hasPrimaryLocation W28988573971 @default.
• W2898857397 hasRelatedWork W1523032799 @default.
• W2898857397 hasRelatedWork W1790401536 @default.
• W2898857397 hasRelatedWork W2025935435 @default.
• W2898857397 hasRelatedWork W2065243292 @default.

• next