Liquidity risk and corporate bond yield spread: Evidence from China
نویسندگان
چکیده
منابع مشابه
Latent Liquidity and Corporate Bond Yield Spreads
Recent research has shown that default risk accounts for only a part of the total yield spread on risky corporate bonds relative to their riskless benchmarks. One candidate for the unexplained portion of the spread is a premium for the illiquidity in the corporate bond market. We investigate this issue by relating the liquidity of corporate bonds, as measured by their ease of market access, to ...
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ژورنال
عنوان ژورنال: International Review of Finance
سال: 2020
ISSN: 1369-412X,1468-2443
DOI: 10.1111/irfi.12322