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Corporate Bonds

Corporate Bonds


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About the Book

Studienarbeit aus dem Jahr 2010 im Fachbereich BWL - Investition und Finanzierung, Note: 2,0, FOM Essen, Hochschule für Oekonomie & Management gemeinnützige GmbH, Hochschulleitung Essen früher Fachhochschule, Sprache: Deutsch, Abstract: 1. Einleitung 1.1. Problemstellung und Zielsetzung Im Jahre 1999 wurde mit dem Beginn der europäischen Währungsunion gleichzeitig ein Markt für Euro-Anleihen geschaffen, woraus ein Boom von Corporate Bonds zu verzeichnen war. Diese Entwicklung wurde insbesondere durch den Wegfall des Währungsrisikos initiiert und verstärkte den Zuwachs von Emissionstätigkeit der Unternehmen und erhöhte den Handel und Emissionsvolumina von Unternehmensanleihen. Eine Unterstützung bietet zudem eine wachsende Menge an anlagesuchendem Kapital und die sinkende Nachfrage nach konservativen Spareinlagen.1 Die Emission von Corporate Bonds bietet Unternehmen eine Alternative zur Fremdkapitalfinanzierung über einen Bankkredit, welcher ohnehin durch die zum Teil sanktionierenden Regularien von Basel II nicht mehr die Attraktivität für jedes Unternehmen entgegen bringt. Die Informationen über Euro-Anleihen fundieren lediglich auf den Werten seit Beginn der Euroeinführung. Vor diesem Hintergrund stellt dieses Thema einen Bereich dar, dass seit relativ kurzer Zeit im Interesse der Forschung steht und eine Darstellung von langfristigen Zusammenhängen und Interpendenzen über diesen Zeithorizont hinaus empirisch nicht belegbar ist. Die Zielsetzung dieser Arbeit ist die Analyse und Darstellung der signifikanten Merkmale des Finanzinstruments Corporate Bond, dass für Unternehmen als Instrument der mittel- bis langfristigen Kapitalmarktfinanzierung dient. Der Fokus wird dabei auf das gesamtheitliche Konstrukt eines Corporate Bonds gelegt und die Bedeutung für Emittenten, Investoren und die Einordnung auf dem Kapitalmarkt herausgearbeitet. 1.2. Gang der Untersuchung Die vorliegende Arbeit beginnt mit der Beschreibung der bilateralen Beziehung zwischen dem Bondemitte


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Product Details
  • ISBN-13: 9783640951895
  • Publisher: Grin Verlag
  • Publisher Imprint: Grin Verlag
  • Height: 210 mm
  • No of Pages: 92
  • Series Title: German
  • Weight: 181 gr
  • ISBN-10: 3640951891
  • Publisher Date: 10 Jul 2011
  • Binding: Paperback
  • Language: German
  • Returnable: N
  • Spine Width: 6 mm
  • Width: 148 mm


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