3Taggart R A.The Growth of the“Junk”Bond Market and Its Role in Financing Takeovers[J].National Bureau of Economic Research,Inc.1987:5-24.
4Brewer E,Jackson W E.Requiem for a Market Maker:The Case of Drexel Burnham Lambert and Junk Bonds[J].Journal of Financial Services Research,2000,17(3):209-235.
5Altman E I,Arman P.Defaults and Returns on High Yield Bonds:Analysis Through 2001[J].Journal of Applied Finance,2002,12(1):98-112.
6Edwards A K,Harris L E,Piwowar M S.Corporate bond market transaction costs and transparency[J].Journal of Finance,2007,62(3):1421-1451.
7Chen L,Lesmond D,Wei J.Corporate yield spreads and bond liquidity[J].Journal of Finance,2007,62(1):119-149.
8Jankowitsch R,Nashikkar A,Subrahmanyam M G.Price dispersion in OTC markets:Anew measure of liquidity[J].Journal of Banking and Finance,2011,35(2):343-357.
9Acharya V,Amihud Y,Bharath S.Liquidity risk of corporatebond returns:Conditional approach[J].Journal of Financial Economics,2013,110(2):358-386.
10Houweling P,Mentink A,Vorst T.Comparing possible proxies ofcorporate bond liquidity[J].Journal of Banking&Finance,2005,29(6):1331-1358.
