Pledgeability and Asset Prices: Evidence from the Chinese Corporate Bond Markets
收藏NBER2019-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w26520
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资源简介：
We provide causal evidence for the value of asset pledgeability. Our empirical strategy is based on a unique feature of the Chinese corporate bond markets, where bonds with identical fundamentals are simultaneously traded on two segmented markets with different rules for repo transactions. We
提供机构：
美国国家经济研究局
创建时间：
2019-12-01
