An empirical analysis of the liquidity effect on corporate bond yield spreads

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An empirical analysis of the liquidity effect on corporate bond yield spreads

Using the sample which consists of 139 corporate bonds from the year 2010 to 2017, it is found that liquidity effect is significant in determining corporate yield spreads, in addition, lower liquidity is related to a higher yield spread. Two liquidity measures, the bid-ask spread and the percentage...

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Bibliographic Details
Main Author:	Shen, Chao
Format:	Dissertation (University of Nottingham only)
Language:	English
Published:	2017
Online Access:	https://eprints.nottingham.ac.uk/45773/

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