The Levered Equity Risk Premium and Credit Spreads: A Unified Framework
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- Harjoat S. Bhamra & Lars-Alexander Kuehn & Ilya A. Strebulaev, 2010. "The Levered Equity Risk Premium and Credit Spreads: A Unified Framework," Review of Financial Studies, Society for Financial Studies, vol. 23(2), pages 645-703, February.
References listed on IDEAS
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More about this item
KeywordsCapital Structure; corporate bond credit spread; default; Equity premium; jumps; macroeconomic conditions; predictability;
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
- G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
- G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-CFN-2018-05-07 (Corporate Finance)
- NEP-MAC-2018-05-07 (Macroeconomics)
- NEP-UPT-2018-05-07 (Utility Models & Prospect Theory)
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