Life after Default: Dealer Intermediation and Recovery in Defaulted Corporate Bonds
The research reveals that defaulted U.S. corporate bonds are traded to dealers with prior expertise in the bond, improving recovery rates and emphasizing the importance of dealer expertise.
Featured in No. 17 on 28 Sep 2023 · 6 days after release · 0 citations today
- Released
- 22 Sep 2023
- First featured
- No. 17 · 28 Sep 2023
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- 0
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- 3
- Identifier
- SSRN 4579966
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