Bankruptcy courts and the marketization of bond issuance

This paper aims to study the effect of the establishment of bankruptcy courts on bond issuance market. This paper helps to predict that the introduction of bankruptcy courts in China can mitigate price distortions caused by the implicit government guarantees and promote the development of the high-r...

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Bibliographic Details

Published in:	China Accounting and Finance Review
Main Authors:	Xinyi Huang, Fei Teng, Yu Xin, Liping Xu
Format:	Article
Language:	English
Published:	Emerald Publishing 2022-09-01
Subjects:	bankruptcy courts bankruptcy mechanism credit spread resolution of bond defaults
Online Access:	https://www.emerald.com/insight/content/doi/10.1108/CAFR-05-2022-0056/full/html