The Impact of Supplier Concentration on Credit Spreads in Corporate Bond Two Tier Market

被引：0
作者：
Sun, Li [1 ]
Li, Tao [1 ]
机构：
[1] Nanjing Univ Sci & Technol, Sch Econ & Management, Nanjing, Jiangsu, Peoples R China
来源：
PROCEEDINGS OF THE THIRD INTERNATIONAL CONFERENCE ON ECONOMIC AND BUSINESS MANAGEMENT (FEBM 2018) | 2018年 / 56卷
关键词：
Supplier concentration; Company debt credit margin; Risk;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The degree of supplier concentration has both benefit and risk effects. It is an important issue to discuss how to interpret the bond spreads of bonds in the two level market. In this paper, we use the study of corporate debt data in the two level market for 2009-2016 years in China. It is found that the degree of supplier concentration improves the bond credit margin, indicating that the overall degree of supplier concentration has a risk effect on the bond investors. For the first time, this paper explores the interpretation of the degree of supplier concentration by bond investors, which helps enrich the relevant literature in the field of suppliers and bonds.
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收藏
页码：127 / 130
页数：4
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