基于宏观经济与资本市场的公司债券利差决定因素研究综述

Review on determinants of corporate bond spread based on macro economy and capital market

国外许多学者分析了宏观经济因素对公司债券利差的影响,主要从货币政策、财政政策等方面进行分析,他们发现宏观经济因素对公司债券利差有显著影响。另一方面,许多学者分析了资本市场因素对公司债券收益率利差的影响。国内外学者分析均表明资本市场因素对公司债券利差有显著影响。

In abroad many scholars analyzed the macroeconomic factors which affect corporate bond spreads, mainly from the aspects such as monetary policy, fiscal policy, and they found that the macroeconomic factors of bond spreads have a significant impact on the company. On the other hand, many scholars have analyzed the capital market factors which affect corporate bond yield spreads. Scholars＇ at home and in abroad analysis showed that the capital market factors of bond spreads have a significant impact on the company.