公司债信用利差影响因素及动态变化-金融学专业论文.docx

i i ii ii Contents HYPERLINK \l _TOC_250060 Introduction 1 HYPERLINK \l _TOC_250059 Literature 2 HYPERLINK \l _TOC_250058 Foreign literature overview 2 HYPERLINK \l _TOC_250057 Structure model 2 HYPERLINK \l _TOC_250056 Reduced model 4 HYPERLINK \l _TOC_250055 Foreign empirical research summary 5 HYPERLINK \l _TOC_250054 Chinese research 6 HYPERLINK \l _TOC_250053 Theoretical analysis for research design 8 HYPERLINK \l _TOC_250052 Research goal and logic 8 HYPERLINK \l _TOC_250051 Credit spread determinants 9 HYPERLINK \l _TOC_250050 Theoretical analysis from literature 9 HYPERLINK \l _TOC_250049 Industry takeaway on domestic market 10 HYPERLINK \l _TOC_250048 Determinants for change of credit spread 11 HYPERLINK \l _TOC_250047 Theoretical analysis from literature 11 HYPERLINK \l _TOC_250046 Industry takeaways 11 HYPERLINK \l _TOC_250045 Summary for change of credit spread 11 HYPERLINK \l _TOC_250044 Credit spread and rating momentum 13 HYPERLINK \l _TOC_250043 Empirical hypothesis 14 HYPERLINK \l _TOC_250042 Credit spread determination 14 HYPERLINK \l _TOC_250041 Credit spread change determination 15 HYPERLINK \l _TOC_250040 Credit spread and rating change 15 HYPERLINK \l _TOC_250039 Empirical research design 17 HYPERLINK \l _TOC_250038 Market selection 17 HYPERLINK \l _TOC_250037 Variable 17 HYPERLINK \l _TOC_250036 Credit spread-CS 18 HYPERLINK \l _TOC_250035 Credit spread change-CS 19 HYPERLINK \l _TOC_250034 Rating-rating, rating1/rating2 19 HYPERLINK \l _TOC_250033 Rating change-up/down 20 HYPERLINK \l _TOC_250032 Macroeconomics variables 20 HYPERLINK \l _TOC_250031 Basic yield variables 21 HYPERLINK \l _TOC_250030 Company variables 21 HYPERLINK \l _TOC_250029 Bond variables 22 HYPERLINK \l _TOC_250028 Variables summary 23 HYPERLINK \l _TOC_250027 Empirical hypothesis 23 HYPERLINK \l _TOC_250026 Credit spread determinants 23 HYPERLINK \l _TOC_250025 Change of credit spread determinants 24 HYPERLINK