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DC Field | Value | Language |
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dc.date.accessioned | 2021-05-04T13:28:20Z | - |
dc.date.available | 2021-05-04T13:28:20Z | - |
dc.date.issued | 2006 | - |
dc.identifier.citation | La Ferla, K. (2006). Government bonds, corporate debentures : a risk-return analysis with reference to the bond market in Malta (Master’s dissertation). | en_GB |
dc.identifier.uri | https://www.um.edu.mt/library/oar/handle/123456789/75142 | - |
dc.description | M.A.FIN.SERVICES | en_GB |
dc.description.abstract | In recent years a number of companies in Malta have offered debentures to the public. The local market, characterised by a high degree of liquidity, has absorbed these debentures, at a phenomenally fast rate. The interest rate on these debentures was relatively attractive in comparison to the return achievable on other investments, due to u low interest rate regime. Theory postulates that the return on an asset is to be commensurate to the risk it carries, otherwise a rational agent would not be interested in investing in such asset. Yet there are a number of factors that may result in the public being insufficiently informed on the risks associated with certain assets. This may result in the possibility of such assets being purchased albeit having a lower return than that commensurate with their risk. The aim of this thesis is twofold. Firstly to explore the extent to which there exists Jack of information on debentures issued by Maltese companies and whether this Jack of information is leading to these assets being purchased by the public at a rate of interest which is too low. Secondly to try and anticipate what the future may hold for these bonds, with particular reference to the impact that the adoption of the euro may have on the local bond market. | en_GB |
dc.language.iso | en | en_GB |
dc.rights | info:eu-repo/semantics/restrictedAccess | en_GB |
dc.subject | Government securities | en_GB |
dc.subject | Bonds | en_GB |
dc.subject | Risk-return relationships | en_GB |
dc.title | Government bonds, corporate debentures : a risk-return analysis with reference to the bond market in Malta | en_GB |
dc.type | masterThesis | en_GB |
dc.rights.holder | The copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder. | en_GB |
dc.publisher.institution | University of Malta | en_GB |
dc.publisher.department | Faculty of Laws. Department of Commercial Law | en_GB |
dc.description.reviewed | N/A | en_GB |
dc.contributor.creator | La Ferla, Karl (2006) | - |
Appears in Collections: | Dissertations - FacLawCom - 1997-2008 Dissertations - MA - FacLaw - 1994-2008 |
Files in This Item:
File | Description | Size | Format | |
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M.A.FIN.SERVICES_La Ferla_Karl_2006.pdf Restricted Access | 5.77 MB | Adobe PDF | View/Open Request a copy |
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