FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W5323145> ?p ?o ?g. }

• W5323145 abstract "I demonstrate that much of the time series variation in the credit spread on high yield bonds is attributable to changes in the “credit risk premium” rather than changes in expected default losses. The credit risk premium is the expected excess return investors earn from bearing default risk on high yield bonds. I find that the credit risk premium on high yield bonds averages about 2.4 percent per year, accounts for 43 percent of high yield credit spreads, on average, and predicts excess returns on high yield bonds. I also find that the excess returns on lower rated credits (B and CCC, relative to BB) are more sensitive to variation in the credit risk premium. The credit risk premium increases with the conditional volatility of default losses and decreases with aggregate consumption growth. The evidence suggests that conventional measures of economic risk are able to explain the sizeable increase in credit spreads in the fall of 2008." @default.
• W5323145 created "2016-06-24" @default.
• W5323145 creator A5081993474 @default.
• W5323145 date "2012-01-01" @default.
• W5323145 modified "2023-09-26" @default.
• W5323145 title "The Credit Risk Premium and Return Predictability in High Yield Bonds" @default.
• W5323145 cites W1504864375 @default.
• W5323145 cites W1981970068 @default.
• W5323145 cites W1987726427 @default.
• W5323145 cites W2006804758 @default.
• W5323145 cites W2010997253 @default.
• W5323145 cites W2026416204 @default.
• W5323145 cites W2041600052 @default.
• W5323145 cites W2042459054 @default.
• W5323145 cites W2084748303 @default.
• W5323145 cites W2095676652 @default.
• W5323145 cites W2097641360 @default.
• W5323145 cites W2101991290 @default.
• W5323145 cites W2102390519 @default.
• W5323145 cites W2104839685 @default.
• W5323145 cites W2105973145 @default.
• W5323145 cites W2127737306 @default.
• W5323145 cites W2130184814 @default.
• W5323145 cites W2132072990 @default.
• W5323145 cites W2135395072 @default.
• W5323145 cites W2140584608 @default.
• W5323145 cites W2145229627 @default.
• W5323145 cites W2148709680 @default.
• W5323145 cites W2159456841 @default.
• W5323145 cites W2160277425 @default.
• W5323145 cites W2168828523 @default.
• W5323145 cites W2170621663 @default.
• W5323145 cites W2553992319 @default.
• W5323145 cites W2740308635 @default.
• W5323145 cites W3121173952 @default.
• W5323145 cites W3121673657 @default.
• W5323145 cites W3123456356 @default.
• W5323145 cites W3124973880 @default.
• W5323145 cites W3125332544 @default.
• W5323145 cites W3126003609 @default.
• W5323145 cites W3126059480 @default.
• W5323145 cites W3126113144 @default.
• W5323145 doi "https://doi.org/10.2139/ssrn.2037495" @default.
• W5323145 hasPublicationYear "2012" @default.
• W5323145 type Work @default.
• W5323145 sameAs 5323145 @default.
• W5323145 citedByCount "1" @default.
• W5323145 countsByYear W53231452013 @default.
• W5323145 crossrefType "journal-article" @default.
• W5323145 hasAuthorship W5323145A5081993474 @default.
• W5323145 hasConcept C10138342 @default.
• W5323145 hasConcept C105795698 @default.
• W5323145 hasConcept C106159729 @default.
• W5323145 hasConcept C134121241 @default.
• W5323145 hasConcept C149782125 @default.
• W5323145 hasConcept C151541453 @default.
• W5323145 hasConcept C162118730 @default.
• W5323145 hasConcept C162324750 @default.
• W5323145 hasConcept C165029466 @default.
• W5323145 hasConcept C178350159 @default.
• W5323145 hasConcept C180879305 @default.
• W5323145 hasConcept C183582576 @default.
• W5323145 hasConcept C189259953 @default.
• W5323145 hasConcept C190896228 @default.
• W5323145 hasConcept C191897082 @default.
• W5323145 hasConcept C192562407 @default.
• W5323145 hasConcept C197640229 @default.
• W5323145 hasConcept C24189920 @default.
• W5323145 hasConcept C24308983 @default.
• W5323145 hasConcept C2984055962 @default.
• W5323145 hasConcept C33923547 @default.
• W5323145 hasConcept C44731940 @default.
• W5323145 hasConcept C556758197 @default.
• W5323145 hasConcept C69738904 @default.
• W5323145 hasConcept C73283319 @default.
• W5323145 hasConcept C89997419 @default.
• W5323145 hasConcept C90992651 @default.
• W5323145 hasConcept C91602232 @default.
• W5323145 hasConceptScore W5323145C10138342 @default.
• W5323145 hasConceptScore W5323145C105795698 @default.
• W5323145 hasConceptScore W5323145C106159729 @default.
• W5323145 hasConceptScore W5323145C134121241 @default.
• W5323145 hasConceptScore W5323145C149782125 @default.
• W5323145 hasConceptScore W5323145C151541453 @default.
• W5323145 hasConceptScore W5323145C162118730 @default.
• W5323145 hasConceptScore W5323145C162324750 @default.
• W5323145 hasConceptScore W5323145C165029466 @default.
• W5323145 hasConceptScore W5323145C178350159 @default.
• W5323145 hasConceptScore W5323145C180879305 @default.
• W5323145 hasConceptScore W5323145C183582576 @default.
• W5323145 hasConceptScore W5323145C189259953 @default.
• W5323145 hasConceptScore W5323145C190896228 @default.
• W5323145 hasConceptScore W5323145C191897082 @default.
• W5323145 hasConceptScore W5323145C192562407 @default.
• W5323145 hasConceptScore W5323145C197640229 @default.
• W5323145 hasConceptScore W5323145C24189920 @default.
• W5323145 hasConceptScore W5323145C24308983 @default.
• W5323145 hasConceptScore W5323145C2984055962 @default.
• W5323145 hasConceptScore W5323145C33923547 @default.
• W5323145 hasConceptScore W5323145C44731940 @default.

• next