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RePEcAsset Pricing & Factors

Corporate bond pricing in the AI era

Using ChatGPT's launch as a natural experiment, the paper finds that hyperscalers saw borrowing costs decline while software firms faced worse terms as debt markets repriced AI winners and losers.

Featured in No. 133 on 2 Oct 2026 · 4 days after release

Event study showing borrowing cost changes around ChatGPT launch by firm category.
Figure 3: Dynamic event-study around the launch of ChatGPT.
Released
28 Sep 2026
First featured
No. 133 · 2 Oct 2026
Published in
Not yet, as far as Semantic Scholar knows
Fanfare
4 of 5
Identifier
RePEc:bdi:opques:qef_1057_26
Authors
Marco Albori and Andrea Zaghini

Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).

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