No. 45-3, September 2022

Index

• Bond covenants and investment policy
• Comoment risk in corporate bond yields and returns
• Do credit market accessibility and legal protection shape corporate innovation?
• Issue Information
• Passive insider trading before pension freezes
• Portfolio returns and consumption growth covariation in the frequency domain, real economic activity, and expected returns
• Seasoned equity offerings and payout policy
• Social capital and managerial opportunism: Evidence from option backdating
• The credit channel of monetary policy before and after the zero lower bound: Evidence from the US equity market