公司债券市场文献述评与展望

Literature Review and Future Research Prospects of Corporate Bond Market

公司债券市场的发展对于上市公司改善融资结构、拓宽外部融资来源、完善上市公司的治理结构具有重要的理论和现实意义。公司债券市场研究领域已经引起了学术界的广泛关注。本文主要从公司债券信用利差、公司债券信用评级、公司债券期限等视角对公司债券市场的相关文献进行梳理与简要评价;在此基础上从会计信息质量、管理层特征、公司治理特征等三个视角提出了公司债券市场研究中可以进一步扩展的方向。

The development of corporate bond market has important theoretical and practical significance for improving the financing structure, the source of external financing, and the governance structure of listed companies. The field of corporate bond market has caused extensive interests of academics. This paper mainly reviews the research of corporate bond market from perspectives of corporate bond credit spread, corporate bond credit ratings, corporate bond maturity. On the basis of this, this paper puts forward the future research prospects of corporate bond market from the perspectives of quality of accounting information, characteristics of management, characteristics of corporate governance.