A Study of China’s Credit Rating and Financial Bond Cost

DOI

10.2991/978-94-6463-268-2_49How to use a DOI?

Keywords

China bond market; corporate bonds; credit risk; information asymmetry

Abstract

The article incorporates the nature of ownership variables into the framework of the relationship between credit ratings and bond financing costs, based on the theory of information asymmetry. It begins with a definition of credit ratings and an overview of the Chinese bond and corporate bond markets. The article further introduces the economic theory of information asymmetry and emphasizes the impact of credit ratings on bond financing costs through the assumptions outlined in the discussed research. Subsequently, it highlights the research findings, provides policy recommendations, discusses the limitations of the study, and offers suggestions for future research.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Xinping Guo
PY  - 2023
DA  - 2023/10/10
TI  - A Study of China’s Credit Rating and Financial Bond Cost
BT  - Proceedings of the 2023 2nd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2023)
PB  - Atlantis Press
SP  - 446
EP  - 452
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-268-2_49
DO  - 10.2991/978-94-6463-268-2_49
ID  - Guo2023
ER  -