Title

Bond Beta And Default Risk

Abstract

The purpose of this paper is to investigate the relationship between bond betas and default risk. Previous studies conclude that there is an apparent lack of a significant and direct relationship and offer various explanations. This paper illustrates that beta is influenced by offsetting or conflicting factors that cause the relationship to be ambiguous. Empirical evidence confirms the explanation. © The Southern Finance Association and the Southwestern Finance Association

Publication Date

1-1-1984

Publication Title

Journal of Financial Research

Volume

7

Issue

3

Number of Pages

243-254

Document Type

Article

Personal Identifier

scopus

DOI Link

https://doi.org/10.1111/j.1475-6803.1984.tb00374.x

Socpus ID

84986467777 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/84986467777

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