BRADFORD SCHOLARS

    • Sign in
    View Item 
    •   Bradford Scholars
    • Management and Law
    • Management and Law Publications
    • View Item
    •   Bradford Scholars
    • Management and Law
    • Management and Law Publications
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    Browse

    All of Bradford ScholarsCommunitiesAuthorsTitlesSubjectsPublication DateThis CollectionAuthorsTitlesSubjectsPublication Date

    My Account

    Sign in

    HELP

    Bradford Scholars FAQsCopyright Fact SheetPolicies Fact SheetDeposit Terms and ConditionsDigital Preservation Policy

    Statistics

    Most Popular ItemsStatistics by CountryMost Popular Authors

    Counter‐Credit‐Risk Yield Spreads: A Puzzle in China's Corporate Bond Market

    • CSV
    • RefMan
    • EndNote
    • BibTex
    • RefWorks
    Thumbnail
    View/Open
    Main article (1.119Mb)
    Download
    Publication date
    2016-03-03
    Author
    Luo, J.
    Ye, Xiaoxia
    Hu, M.
    Keyword
    China’s corporate bond market; Credit risk; Term structure of yields;
    Rights
    © 2016 Wiley. This is the peer reviewed version of the following article: Luo J, Ye X and Hu M. (2016) Counter‐Credit‐Risk Yield Spreads: A Puzzle in China's Corporate Bond Market. International Review of Finance. 16(2): 203-241, which has been published in final form at http://dx.doi.org/10.1111/irfi.12079. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving.
    Peer-Reviewed
    Yes
    
    Metadata
    Show full item record
    Abstract
    In this paper, using China’s risk-free and corporate zero yields together with aggregate credit risk measures and various control variables from 2006 to 2013, we document a puzzle of counter-credit-risk corporate yield spreads. We interpret this puzzle as a symptom of the immaturity of China’s credit bond market, which reveals a distorted pricing mechanism latent in the fundamental of this market. We also find interesting results about relationships between corporate yield spreads and interest rates as well as risk premia and the stock index, and these results are somewhat attributed to this puzzle.
    URI
    http://hdl.handle.net/10454/11743
    Version
    Accepted Manuscript
    Citation
    Luo J, Ye X and Hu M. (2016) Counter‐Credit‐Risk Yield Spreads: A Puzzle in China's Corporate Bond Market. International Review of Finance. 16(2): 203-241.
    Link to publisher’s version
    http://dx.doi.org/10.1111/irfi.12079
    Type
    Article
    Collections
    Management and Law Publications

    entitlement

     
    DSpace software (copyright © 2002 - 2023)  DuraSpace
    Quick Guide | Contact Us
    Open Repository is a service operated by 
    Atmire NV
     

    Export search results

    The export option will allow you to export the current search results of the entered query to a file. Different formats are available for download. To export the items, click on the button corresponding with the preferred download format.

    By default, clicking on the export buttons will result in a download of the allowed maximum amount of items.

    To select a subset of the search results, click "Selective Export" button and make a selection of the items you want to export. The amount of items that can be exported at once is similarly restricted as the full export.

    After making a selection, click one of the export format buttons. The amount of items that will be exported is indicated in the bubble next to export format.