Valuation of corporate bonds on the international market
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F18%3A43913699" target="_blank" >RIV/62156489:43110/18:43913699 - isvavai.cz</a>
Result on the web
<a href="http://pefnet.mendelu.cz/wcd/w-rek-pefnet/pefnet17_fin.pdf" target="_blank" >http://pefnet.mendelu.cz/wcd/w-rek-pefnet/pefnet17_fin.pdf</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Valuation of corporate bonds on the international market
Original language description
The paper focuses on the valuation of corporate bonds, especially in times with low inflation and low interest rates. We apply International Arbitrage Pricing Theory. The basis of the theory is asset return decomposition to non-currency and currency returns. Currency movements affect asset factor loadings and associated risk premiums. The aim of paper is to define the factors influencing bond prices. Tests are performed using corporate bond returns are provided in the period 2000-2016. Our results confirm the relationship between the movements of bond prices and movements in exchange rates.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50206 - Finance
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
PEFnet 2017: Proceedings
ISBN
978-80-7509-555-8
ISSN
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e-ISSN
neuvedeno
Number of pages
7
Pages from-to
63-69
Publisher name
Mendelova univerzita v Brně
Place of publication
Brno
Event location
Brno
Event date
Nov 30, 2017
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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