The Impact of Credit Default Swap Introduction on Firm Systematic Risk

The Impact of Credit Default Swap Introduction on Firm Systematic Risk

This paper empirically explores how the introduction of Credit Default Swap (CDS) trading affects firm systematic risk. By treating the introduction as an event study and imploring propensity score matching and difference-in-differences analysis, this research finds that firm exposure to market risk...

Full description

Bibliographic Details
Main Author: Bernstein, Elan M.
Format: Others
Published: Scholarship @ Claremont 2015
Subjects:
Credit Default Swap
Derivative
Systematic Risk
Hedge
Finance
CAPM
Finance and Financial Management
Portfolio and Security Analysis
Online Access:http://scholarship.claremont.edu/cmc_theses/1063
http://scholarship.claremont.edu/cgi/viewcontent.cgi?article=2021&context=cmc_theses

Internet

http://scholarship.claremont.edu/cmc_theses/1063
http://scholarship.claremont.edu/cgi/viewcontent.cgi?article=2021&context=cmc_theses

Similar Items