Inquiry into CSPP

This thesis analyzes the impact of the Corporate Sector Purchasing Program on the issuance behavior of corporates. Analyzing the amount issued and the maturity of the bonds issued whilst controlling for country, industry and time fixed effects does not find support for the assertion that the purchasing program altered corporate issuance behavior. However, this study does not exclude the possibility that there still might have been an increase in the number of issuances. Furthermore, this study does find support that book to market has a significant sizeable effect on the amount issued by corporates.