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Overview Of The Romanian Corporate Bonds’ Market Between 1997-2013

Author

Listed:
  • BUNESCU LILIANA

    (“LUCIAN BLAGA” UNIVERSITY OF SIBIU, ROMANIA)

Abstract

This paper contains an analysis of the corporate bonds’ market in Romania between 1997 and 2013 by using data contained in the 27 public offerings of corporate bonds made by national or international companies. Among the features of bond loans, that were used in this research, are: the nominal value of a bond, the loan type and interest rate, issuers and their economic sectors, maturity, type of bonds, state of trading, different conditions imposed to investors etc. At the end of the work paper were highlighted funding costs and the risks that it incurs.

Suggested Citation

  • Bunescu Liliana, 2014. "Overview Of The Romanian Corporate Bonds’ Market Between 1997-2013," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 168-175, June.
    • Handle: RePEc:cbu:jrnlec:y:2014:v:3:p:168-175
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    File URL: http://www.utgjiu.ro/revista/ec/pdf/2014-03/26_Bunescu.pdf
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    References listed on IDEAS

    as
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    4. Biais, Bruno & Declerck, Fany, 2007. "Liquidity, Competition & Price Discovery in the European Corporate Bond Market," IDEI Working Papers 475, Institut d'Économie Industrielle (IDEI), Toulouse.
    5. Dick-Nielsen, Jens & Feldhütter, Peter & Lando, David, 2012. "Corporate bond liquidity before and after the onset of the subprime crisis," Journal of Financial Economics, Elsevier, vol. 103(3), pages 471-492.
    6. Silvio Contessi & Li Li & Katheryn N. Russ, 2013. "Bank vs. bond financing over the business cycle," Economic Synopses, Federal Reserve Bank of St. Louis.
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