Chen, Tsung-Kang; Liao, Hsien-Hsing; Kuo, Hui-Ju; … - In: Journal of Banking & Finance 37 (2013) 8, pp. 3181-3191
This study investigates the information asymmetry effects of suppliers and customers on a firm’s bond yield spreads by employing American bond market data from 2001 to 2008. This study finds that both suppliers’ and customers’ information asymmetry effects significantly explain a firm’s...