Markets : Transparency and the Corporate Bond Market

By H. Bessembinder, William F. Maxwell. 2008

173 citations recorded by the source corpus.

Subfields: Finance

View Paper: https://www.semanticscholar.org/paper/d0e643dfc8c9bd216efb219dc7de949afd70a786

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Citations in the corpus

The Ownership and Trading of Debt Claims in Chapter 11 Restructurings (2016, methodology): “In the spirit of Goldstein, Hotchkiss, and Sirri (2007) and Bessembinder and Maxwell (2008), we measure pre-bankruptcy bond trading using the FINRA Trade Reporting and Compliance Engine (TRACE) dataset to track whether there were trades in the bonds and notes of our sample firms in a one-year…”
Capital Commitment and Illiquidity in Corporate Bonds (2017, background): “Bessembinder and Maxwell (2008) provide summary of the studies and an overview of related issues surrounding transparency in corporate bonds.”
Providing liquidity in an illiquid market: Dealer behavior in US corporate bonds (2020, unknown): “Some market participants suggest that comparisons of spreads or other measures of liquidity in pre- and postdissemination regimes overlook the question of whether dealers become more reluctant to commit capital for making markets in illiquid securities in transparent markets (Bessembinder and Maxwel”
Finding a Good Price in Opaque Over-the-Counter Markets (2012, unknown): “In corporate bond markets, for example, “Telephone quotations indicate a firm price but are only good ‘as long as the breath is warm,’ which limits one’s ability to obtain multiple quotations before committing to trade” (Bessembinder and Maxwell, 2008).”
Investor Flows and Fragility in Corporate Bond Funds (2017, background): “Bessembinder and Maxwell (2008) suggest that the corporate bond market remains relatively illiquid compared with other bonds.”
The Same Bond at Different Prices: Identifying Search Frictions and Selling Pressures (2012, unknown): “2See Bessembinder and Maxwell (2008) for further details about the U.S. corporate bond market.”
Blockchain Disruption and Smart Contracts (2018, unknown): “Biais et al. (2019) formalize the mining game and discuss multiple equilibria.”
Dealer balance sheets and bond liquidity provision (2016, unknown): “Bessembinder and Maxwell (2008) provide an overview of the impact of the increase in transparency on the market.”
Benchmarks in Search Markets (2016, background): “…asset at a specified time.9 Benchmarks are usually published on a daily or sometimes higher frequency, and are used for at least10 three main purposes: 7Additional arguments for and against greater price transparency in the corporate bond market are discussed by Bessembinder and Maxwell (2008).”
Click or Call? Auction versus Search in the Over‐the‐Counter Market (2012, unknown): “See Bessembinder and Maxwell (2008) for an overview of the corporate bond market.”