---
title: Across the Capital Structure: Bond Signals and Equity Returns *
url: https://www.ml-quant.com/papers/ssrn/7527218/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-10-02
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 7527218
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=7527218
featured: 2026-10-02
citations: unknown
topic: Asset Pricing & Factors
---


# Across the Capital Structure: Bond Signals and Equity Returns *

Signals extracted from corporate bond portfolios predict next-month equity returns of same issuers at 21 basis points higher after controlling for stock characteristics.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=7527218
- Identifier: SSRN 7527218
- Released: 2026-09-28
- First featured: Quant Letter No. 133 (2026-10-02): https://www.ml-quant.com/issues/2026-10-02/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Asset Pricing & Factors
- Authors: Jun Kyung Auh, Woojung Kim

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