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Studies in the Area of General Finance Reported from D. Pianeselli and Co-Researchers (The cost of firms' debt financing and the global financial...

July 26, 2014



Studies in the Area of General Finance Reported from D. Pianeselli and Co-Researchers (The cost of firms' debt financing and the global financial crisis)

By a News Reporter-Staff News Editor at Investment Weekly News -- Investigators publish new report on General Finance. According to news reporting originating in Rome, Italy, by VerticalNews journalists, research stated, "We provide an assessment of the determinants of the risk premium paid by non-financial corporations on long-term bonds."

The news reporters obtained a quote from the research, "By looking at 5500 issues over the period 2005-2012, we find that in recent years the sovereign debt market turbulence has been a major driver of corporate risk."

According to the news reporters, the research concluded: "Compared with the three-year period 2005-2007 before the global financial crisis, in the years 2010-2012 Italian, Spanish and Portuguese firms paid on average between 70 and 120 basis points of additional premium due to the negative spillovers from the sovereign debt crisis, while German firms received a discount of 40 basis points."

For more information on this research see: The cost of firms' debt financing and the global financial crisis. Finance Research Letters, 2014;11(2):74-83. Finance Research Letters can be contacted at: Academic Press Inc Elsevier Science, 525 B St, Ste 1900, San Diego, CA 92101-4495, USA. (Elsevier - www.elsevier.com; Finance Research Letters - www.elsevier.com/wps/product/cws_home/672908)

Our news correspondents report that additional information may be obtained by contacting D. Pianeselli, Banca Italia, Econ Policy & Monetary Policy Department, I-00184 Rome, Italy.

Keywords for this news article include: Rome, Italy, Europe, General Finance, Finance and Investment

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Source: Investment Weekly News


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