viale Romania 32
Rome, ND RM 00197
Italy
Luiss Guido Carli
bond returns; bond guarantees; subsidiary firms; financial flexibility
Diversified Firms, Cost of Debt, Free Cash Flow, Subsidiary Debt, Internal Capital Markets, Bonds
investment-based asset pricing, capital expenditures, investment anomaly, agency costs
survivorship bias, default, coinsurance, contagion, conglomerate discount
Regulatory arbitrage, Systemic risk, Bank Resolution, Internal capital markets
subsidiary debt, bonds returns, shareholders wealth, repurchases
subsidiary debt, wealth transfers, stock repurchases, bond returns.
corporate limited liability, rescue, contagion, diversification discount, survivorship bias, parent company discount
yield spreads, corporate debt, implicit guarantee, Conglomerates.
