The impact of earnings on the pricing of credit default swaps

JL Callen, J Livnat, D Segal - The Accounting Review, 2009‏ - publications.aaahq.org
This study evaluates the impact of earnings on credit risk in the Credit Default Swap (CDS)
market using levels, changes, and event study analyses. We find that earnings (cash flows …

CDS spreads and COVID-19 pandemic

N Apergis, D Danuletiu, B Xu - Journal of International Financial Markets …, 2022‏ - Elsevier
US corporate credit default swap (CDS) spreads have significantly increased since the
beginning of the COVID-19 global pandemic. This paper shows that the magnitude of the …

Decomposing european CDS returns

A Berndt, I Obreja - Review of Finance, 2010‏ - academic.oup.com
Nearly half of the variation in European CDS returns is captured by a novel factor that
mimics economic catastrophe risk. During the financial crisis of 2007–8, this factor became …

[HTML][HTML] Does climate change affect sovereign credit risk? International evidence

N Naifar - Borsa Istanbul Review, 2023‏ - Elsevier
This paper fills a crucial research gap by investigating the connection between climate
change and sovereign credit risk. While the economic implications of climate risk have long …

The determinants of bank CDS spreads: evidence from the financial crisis

L Chiaramonte, B Casu - Contemporary Issues in Financial …, 2016‏ - api.taylorfrancis.com
Banks have played a crucial role in the making and spread of the recent financial crisis.
Indeed, at the most critical moment of the crisis, the key player was none other than a bank …

An analysis of the determinants of credit default swap spread changes before and during the subprime financial turmoil

A Di Cesare, G Guazzarotti - Bank of Italy Temi di Discussione …, 2010‏ - papers.ssrn.com
This paper analyzes the determinants of credit default swap spread changes for a large
sample of US non-financial companies over the period between January 2002 and March …

Credit default swap spreads: market conditions, firm performance, and the impact of the 2007–2009 financial crisis

X Fu, MC Li, P Molyneux - Empirical Economics, 2021‏ - Springer
We employ a multi-factor analysis from both a firm-specific (microeconomic) and market-
specific (macroeconomic) perspective to examine the determinants of credit default swap …

[PDF][PDF] Credit default swap market determinants

CA Greatrex - Journal of Fixed Income, 2009‏ - archive.fordham.edu
This paper explores the ability of variables suggested by structural models to explain
variation in CDS spread changes. Using monthly changes in CDS spreads for 333 firms from …

[كتاب][B] The fundamental determinants of credit default risk for European large complex financial institutions

J Podpiera, MI Ötker - 2010‏ - books.google.com
This paper attempts to identify the fundamental variables that drive the credit default swaps
during the initial phase of distress in selected European Large Complex Financial …

Volatility Spillovers among Sovereign Credit Default Swaps of Emerging Economies and Their Determinants

S Aljarba, N Naifar, K Almeshal - Risks, 2024‏ - mdpi.com
This paper aims to investigate the volatility spillovers among selected emerging economies'
sovereign credit default swaps (SCDSs), including those of Saudi Arabia, Russia, China …