HIGHLIGHTS
- who: World Bank Group from the University of Bristol have published the paper: World Bank Document, in the Journal: (JOURNAL) of March/18,/2020
- what: The paper has two main findings directly related to the COVID-19 crisis. To be able to compare CDS and share price changes more directly, the authors examine the changes in the values of the firm`s overall equity and of its overall debt as implied by the observed share price and CDS 9
- how: This result is consistent with relatively smaller gains for shareholders of highly affected . . .
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