Emerging Asia firms driven by size and leverage in corporate bond issuance.
The article explores why companies in emerging Asian countries issue corporate bonds. By studying over 4,600 firms in eight countries, the researchers found that a company's size and debt level influence its decision to issue bonds. They also discovered that having tangible assets is important for issuing bonds in foreign currency. Additionally, the depth of the bond market and interest rate differences play a role in companies' bond-issuing decisions.