| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3558 |
| DP3558 Managerial Power and Rent Extraction in the Design of Executive Compensation | |
| Lucian Arye Bebchuk; Jesse Fried; David I Walker | |
| 发表日期 | 2002-09-20 |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | The introduction of the euro on 1 January 1999 created the conditions for an integrated government bond market in the euro area. Using a unique data set from the electronic trading platform Euro-MTS, we consider what is the ?benchmark? in this market. We develop and apply two definitions of benchmark status that differ from the conventional view that the benchmark is the security with lowest yield at a given maturity. Using Granger-causality and cointegration methods, we find a complex pattern of benchmark status in euro-area government bonds. |
| 主题 | Financial Economics ; International Macroeconomics |
| 关键词 | Benchmark Euro government bonds Cointegration |
| URL | https://cepr.org/publications/dp3558 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532564 |
| 推荐引用方式 GB/T 7714 | Lucian Arye Bebchuk,Jesse Fried,David I Walker. DP3558 Managerial Power and Rent Extraction in the Design of Executive Compensation. 2002. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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