A Study of Corporate Bond Liquidity

dc.contributor.author	Heggen, Marius Loe
dc.contributor.author	Simarud, Terje
dc.date.accessioned	2017-05-22T08:20:29Z
dc.date.available	2017-05-22T08:20:29Z
dc.date.issued	2016
dc.identifier.uri	http://hdl.handle.net/11250/2443076
dc.description	Masteroppgave(MSc) in Master of Science in Finance - Handelshøyskolen BI, 2016	nb_NO
dc.description.abstract	In this paper we study the liquidity of the Norwegian corporate bond market. We utilize a methodology closely related to the one developed by Dick-Nielsen, Feldhütter, and Lando (2012), and find that the spread contribution from illiquidity is puzzling to disclose in the Norwegian corporate bond market due to the low trading activity. However, for one of our liquidity proxies, zero trading days, we tend to find a positive relationship with bond spreads. Furthermore, we find indications that the liquidity premium measured by the bid-ask spread exist from the first quarter of 2014 to third quarter of 2014.	nb_NO
dc.language.iso	eng	nb_NO
dc.publisher	BI Norwegian Business School	nb_NO
dc.subject	finans	nb_NO
dc.subject	finance	nb_NO
dc.subject	financial economics	nb_NO
dc.title	A Study of Corporate Bond Liquidity	nb_NO
dc.type	Master thesis	nb_NO