Quantifying Liquidity and Default Risks of Corporate Bonds over the Business Cycle

By Hui Chi Chen, Ruirui Cui, Zhiguo He, Konstantin W. Milbradt. 2018

165 citations recorded by the source corpus.

Subfields: Finance

View Paper: https://www.semanticscholar.org/paper/41ec494cf2eed69d569c5d4ad713cb77888b537e

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In Finance

1. Quan Wen
2. Jennie Bai
3. Turan G. Bali
4. Marco Rocco
5. Yi Tang
6. Linda Allen
7. Hao Zhou
8. Stephen J. Brown

Citations in the corpus

• Common risk factors in the cross-section of corporate bond returns (2019, background): “The literature on the credit spread puzzle well documents the evidence that credit and illiquidity can explain contemporaneous bond yield spreads (see, e.g., Longstaff et al., 2005; Chen et al., 2007 ).”