메뉴 건너뛰기




Volumn 62, Issue 3, 2007, Pages 1421-1451

Corporate bond market transaction costs and transparency

Author keywords

[No Author keywords available]

Indexed keywords


EID: 34248207286     PISSN: 00221082     EISSN: 15406261     Source Type: Journal    
DOI: 10.1111/j.1540-6261.2007.01240.x     Document Type: Article
Times cited : (629)

References (25)
  • 1
    • 0002038761 scopus 로고    scopus 로고
    • The determinants of trading volume of high-yield corporate bonds
    • Alexander, Gordon, Amy Edwards, and Michael Ferri, 2000, The determinants of trading volume of high-yield corporate bonds, Journal of Financial Markets 3, 177 204.
    • (2000) Journal of Financial Markets , vol.3 , pp. 177-204
    • Alexander, G.1    Edwards, A.2    Ferri, M.3
  • 2
    • 84977725247 scopus 로고
    • Liquidity, maturity, and yields on U.S. Treasury securities
    • Amihud, Yakov, and Haim Mendelson, 1991, Liquidity, maturity, and yields on U.S. Treasury securities, Journal of Finance 46, 1411 1425.
    • (1991) Journal of Finance , vol.46 , pp. 1411-1425
    • Amihud, Y.1    Mendelson, H.2
  • 3
    • 33748789338 scopus 로고    scopus 로고
    • Automation versus intermediation: Evidence from Treasuries going off the run
    • Barclay, Michael, Terrence Hendershott, and Kenneth Kotz, 2006, Automation versus intermediation: Evidence from Treasuries going off the run, Journal of Finance 61, 2395 2414.
    • (2006) Journal of Finance , vol.61 , pp. 2395-2414
    • Barclay, M.1    Hendershott, T.2    Kotz, K.3
  • 4
    • 27544493526 scopus 로고    scopus 로고
    • Why do larger orders receive discounts on the London Stock Exchange?
    • and
    • Bernhardt, Dan, Vladimir Dvoracek, Eric Hughson, and Ingrid Werner, 2005, Why do larger orders receive discounts on the London Stock Exchange? Review of Financial Studies 18, 1343 1368.
    • (2005) Review of Financial Studies , vol.18 , pp. 1343-1368
    • Bernhardt, D.1    Dvoracek, V.2    Hughson, E.3    Werner, I.4
  • 5
    • 33749143202 scopus 로고    scopus 로고
    • Optimal market transparency: Evidence from the initiation of trade reporting in corporate bonds
    • Bessembinder, Hendrik, William Maxwell, and Kumar Venkataraman, 2006, Optimal market transparency: Evidence from the initiation of trade reporting in corporate bonds, Journal of Financial Economics 82, 251 288.
    • (2006) Journal of Financial Economics , vol.82 , pp. 251-288
    • Bessembinder, H.1    Maxwell, W.2    Venkataraman, K.3
  • 6
    • 17544382343 scopus 로고    scopus 로고
    • Market microstructure: A survey of microfoundations, empirical results, and policy implications
    • Biais, Bruno, Larry Glosten, and Chester Spatt, 2005, Market microstructure: A survey of microfoundations, empirical results, and policy implications, Journal of Financial Markets 8, 217 264.
    • (2005) Journal of Financial Markets , vol.8 , pp. 217-264
    • Biais, B.1    Glosten, L.2    Spatt, C.3
  • 7
    • 33847664690 scopus 로고    scopus 로고
    • The microstructure of the bond market in the 20th century
    • Carnegie Mellon University
    • Biais, Bruno, and Richard Green, 2005, The microstructure of the bond market in the 20th century, Working paper, Carnegie Mellon University.
    • (2005) Working Paper
    • Biais, B.1    Green, R.2
  • 8
    • 84977708810 scopus 로고
    • Returns and volatility of low-grade bonds
    • Blume, Marshall, Donald Keim, and Sandeep Patel, 1991, Returns and volatility of low-grade bonds, Journal of Finance 46, 49 74.
    • (1991) Journal of Finance , vol.46 , pp. 49-74
    • Blume, M.1    Keim, D.2    Patel, S.3
  • 9
    • 33745707679 scopus 로고    scopus 로고
    • Trading costs in three U.S. bond markets
    • Chakravarty, Sugato, and Asani Sarkar, 2003, Trading costs in three U.S. bond markets, Journal of Fixed Income 13, 39 48.
    • (2003) Journal of Fixed Income , vol.13 , pp. 39-48
    • Chakravarty, S.1    Sarkar, A.2
  • 10
    • 84977726909 scopus 로고
    • The investment performance of low-grade bond funds
    • Cornell, Bradford, and Kevin Green, 1991, The investment performance of low-grade bond funds, Journal of Finance 46, 29 48.
    • (1991) Journal of Finance , vol.46 , pp. 29-48
    • Cornell, B.1    Green, K.2
  • 11
    • 0034196119 scopus 로고    scopus 로고
    • Speed of issuance and the adequacy of disclosure in the 144a high-yield debt market
    • Fenn, George, 2000, Speed of issuance and the adequacy of disclosure in the 144a high-yield debt market, Journal of Financial Economics 56, 383 405.
    • (2000) Journal of Financial Economics , vol.56 , pp. 383-405
    • Fenn, G.1
  • 12
    • 34248156816 scopus 로고    scopus 로고
    • Transparency and liquidity: A controlled experiment on corporate bonds
    • forthcoming
    • Goldstein, Michael, Edith Hotchkiss, and Erik Sirri, 2006, Transparency and liquidity: A controlled experiment on corporate bonds, Review of Financial Studies (forthcoming).
    • (2006) Review of Financial Studies
    • Goldstein, M.1    Hotchkiss, E.2    Sirri, E.3
  • 13
    • 17544368819 scopus 로고    scopus 로고
    • Financial intermediation and the costs of trading in an opaque market
    • Carnegie Mellon University
    • Green, Richard, Burton Hollifield, and Norman Schürhoff, 2004, Financial intermediation and the costs of trading in an opaque market, Working paper, Carnegie Mellon University.
    • (2004) Working Paper
    • Green, R.1    Hollifield, B.2    Schürhoff, N.3
  • 14
    • 33745700743 scopus 로고    scopus 로고
    • Secondary trading costs in the municipal bond market
    • Harris, Lawrence, and Michael Piwowar, 2006, Secondary trading costs in the municipal bond market, Journal of Finance 61, 1361 1397.
    • (2006) Journal of Finance , vol.61 , pp. 1361-1397
    • Harris, L.1    Piwowar, M.2
  • 15
    • 0008529646 scopus 로고    scopus 로고
    • An empirical study of bond market transactions
    • Hong, Gwangheon, and Arthur Warga, 2000, An empirical study of bond market transactions, Financial Analysts Journal 56, 32 46.
    • (2000) Financial Analysts Journal , vol.56 , pp. 32-46
    • Hong, G.1    Warga, A.2
  • 16
    • 0036421337 scopus 로고    scopus 로고
    • The informational efficiency of the corporate bond market: An intraday analysis
    • Hotchkiss, Edith, and Tavy Ronen, 2002, The informational efficiency of the corporate bond market: An intraday analysis, Review of Financial Studies 15, 1325 1354.
    • (2002) Review of Financial Studies , vol.15 , pp. 1325-1354
    • Hotchkiss, E.1    Ronen, T.2
  • 17
    • 33745735739 scopus 로고    scopus 로고
    • Determinants of corporate bond trading: A comprehensive analysis
    • Boston College
    • Hotchkiss, Edith, Arthur Warga, and Gergana Jostova, 2002, Determinants of corporate bond trading: A comprehensive analysis, Working paper, Boston College.
    • (2002) Working Paper
    • Hotchkiss, E.1    Warga, A.2    Jostova, G.3
  • 18
    • 33745707674 scopus 로고    scopus 로고
    • Bid/ask spread, volatility and volume in the corporate bond market
    • Kalimipalli, Madhu, and Arthur Warga, 2002, Bid/ask spread, volatility and volume in the corporate bond market, Journal of Fixed Income 12, 31 42.
    • (2002) Journal of Fixed Income , vol.12 , pp. 31-42
    • Kalimipalli, M.1    Warga, A.2
  • 19
    • 19144364086 scopus 로고    scopus 로고
    • The world of cross-listings and cross-listings of the world: Challenging conventional wisdom
    • Ohio State University
    • Karolyi, G. Andrew, 2004, The world of cross-listings and cross-listings of the world: Challenging conventional wisdom, Working paper, Ohio State University.
    • (2004) Working Paper
    • Karolyi, G.A.1
  • 20
    • 0000215887 scopus 로고    scopus 로고
    • Market microstructure: A survey
    • Madhavan, Ananth, 2000, Market microstructure: A survey, Journal of Financial Markets 3, 205 208.
    • (2000) Journal of Financial Markets , vol.3 , pp. 205-208
    • Madhavan, A.1
  • 22
    • 0012798966 scopus 로고    scopus 로고
    • Transaction costs in dealer markets: Evidence from the London Stock Exchange
    • Andrew, Lo, ed.: University of Chicago Press, Chicago, IL
    • Reiss, Peter, and Ingrid Werner, 1996, Transaction costs in dealer markets: Evidence from the London Stock Exchange, in Andrew Lo, ed. : The Industrial Organization and Regulation of the Securities Industry (University of Chicago Press, Chicago, IL).
    • (1996) The Industrial Organization and Regulation of the Securities Industry
    • Reiss, P.1    Werner, I.2
  • 24
    • 0008562334 scopus 로고    scopus 로고
    • Corporate bond trading costs: A peek behind the curtain
    • Schultz, Paul, 2001, Corporate bond trading costs: A peek behind the curtain, Journal of Finance 56, 677 698.
    • (2001) Journal of Finance , vol.56 , pp. 677-698
    • Schultz, P.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.