The returns of firms’ corporate bonds predict their future stock returns, especially for firms with low credit ratings and distressed fundamentals. Predictability is amplified when bond volume is high relative to stock volume, and when bond traders are larger, and is stronger for firms with lottery-like stock characteristics that attract retail traders. These findings suggest that informed bond trading transmits valuable information that equity markets incorporate with a delay due to noise. Stronger predictability around earnings announcements supports the view that bond markets reflect firm-specific cash flow information rather than changes in risk premia.
More from Youtube
- 2:11Regional Agents Conference 2025 - Day 1 HighlightsThe first day of our Regional Agents Conference 2025 kicked off with a welcome speech by our CMO, followed by an exploration of JCU through insightful updates shared by various departments.Connect with James Cook University, Singapore: Like us on Facebook: https://www.facebook.com/jcu.singapore.fanpage/ Follow us on Twitter: https://twitter.com/jcu_singapore Follow us on Instagram: https://www.instagram.com/jcusingapore Follow us on TikTok: https://www.tiktok.com/@jcusingapore And for more news and information, visit https://www.jcu.edu.sg
- 0:33Where The Journey All Began | #JCUSingaporeWhich is your favourite study or chill spot? 📚☕️ #JCUSingapore
- 0:54Day in My Life as a #JCUSingapore Student - Shravya & Kieran📚✨ Campus life, coffee breaks, and everything in between - come spend a day with our #JCUSingapore students.
- 3:01Winner – External Partners/Alumni Award – Mr Mihir PershadMr Mihir Pershad was the winner of James Cook University in Singapore's 2024 Three Minute Thesis (3MT) competition in the External Partners category. Mr Pershad is Founder & Chief Executive Officer at Umami Bioworks, which is a partner of our Tropical Futures Institute. His presentation described how UMAMI Bioworks is building the discovery and development platform for scalable production of cultivated seafood that keeps endangered, threatened, and protected (ETP) species in the ocean while providing consumers with sustainable seafood without compromises.Connect with James Cook University, Singapore: Like us on Facebook: https://www.facebook.com/jcu.singapore.fanpage/ Follow us on Twitter: https://twitter.com/jcu_singapore Follow us on Instagram: https://www.instagram.com/jcusingapore Follow us on TikTok: https://www.tiktok.com/@jcusingapore And for more news and information, visit https://www.jcu.edu.sg/
- 1:48SG60 Staff & Student Interview Video | #JCUSingapore
- 2:20:26International Day of the Tropics 2025 - Mental Health in the TropicsExperts in neuroscience, psychiatry, psychology, environmental health, and nutritional psychiatry will present insights on topics such as schizophrenia, immune biomarkers, biophilic design, dietary impacts and community-based psychological services. Speakers from Singapore, Spain and Australia will share diverse perspectives on supporting mental well-being in rapidly changing tropical environments. The event also featured a moderating discussion about advancing inclusive, science-driven, and sustainable approaches to mental health in the tropics. #IDOTTConnect with James Cook University, Singapore: Like us on Facebook: https://www.facebook.com/jcu.singapore.fanpage/ Follow us on Twitter: https://twitter.com/jcu_singapore Follow us on Instagram: https://www.instagram.com/jcusingapore Follow us on TikTok: https://www.tiktok.com/@jcusingapore And for more news and information, visit https://www.jcu.edu.sg/
