The Variety of Maturities Offered by Firms and Institutional Investment in Corporate Bonds

Nishant Dass · Massimo Massa

36 citations0/0 files storedReview of Financial Studies

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Credit Risk and Financial Regulations Financial Markets and Investment Strategies Corporate Finance and Governance

Abstract

We study how a firm's decision to offer bonds of various maturities affects the portfolio allocations of institutional investors. We argue that because of lower information-collection costs, institutional investors tilt their portfolios towards firms that offer bonds of various maturities. We show that this translates into lower bond yields, both in the primary and in the secondary bond markets.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 36 citations exist upstream.

References

1968FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY 2008Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches 1984Financial Intermediation and Delegated Monitoring 1997Industry costs of equity 1994The Benefits of Lending Relationships: Evidence from Small Business Data 1995The Limits of Arbitrage 1997Financial Intermediation, Loanable Funds, and The Real Sector 1992Insiders and Outsiders: The Choice between Informed and Arm's-Length Debt

Cited by

2018Capital Supply and Corporate Bond Issuances: Evidence from Mutual Fund Flows

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.