Sposoby zabezpieczenia emisji obligacji i ich wpływ na ryzyko inwestora. Analiza prawno-ekonomiczna

• Authors: Szymon Szarmach

Title variants

EN

VARIOUS METHODS OF SECURING BONDS AND THEIR IMPACT ON INVESTOR’S CREDIT RISK MEASUREMENT. LEGAL-ECONOMIC ANALYSIS

• Languages of publication: PL

Abstracts

EN

The article discusses the issues related to investment in bonds and methods of securing their emission. The author propounds a thesis that, choice of securing method of bonds emission impacts directly the level of investment risk and consequently the rating of the emission. At the outset, in legal aspect of the issue, there are presented problems concerning securing emission of bonds in general and in addition to that, economic aspects of securing emission, such as various types of risks associated with bonds emission and its rating. Furthermore, the author discusses various methods of securing bonds in particular, alongside with suggesting his individual opinion for practical usage of each of the forms of securing bonds and an impact of each of them towards investment risk. Ultimately legal specificity of junk bonds and macroeconomic factors irrespective from issuers will, which influences investment risk are presented.

Keywords

EN

investment in bonds; credit risk; bonds rating measurement; various types of securing bonds; junk bonds

• Publisher: Spółdzielczy Instytut Naukowy G. Bierecki sp.j.
• Journal: Pieniądze i Więź
• Year: 2013
• Volume: 16
• Issue: 1(58)
• Pages: 74-83

Contributors

author

Szymon Szarmach

• Kancelaria Adwokacka adw. Mariana Glowczynskiego, ul. Uphagena 4/1, 80-237 Gdansk, Poland