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完整後設資料紀錄
DC 欄位 | 值 | 語言 |
---|---|---|
dc.contributor.advisor | 廖咸興(Hsien-Hsing Liao) | |
dc.contributor.author | Hui-Ju Kuo | en |
dc.contributor.author | 郭慧如 | zh_TW |
dc.date.accessioned | 2021-06-08T00:49:57Z | - |
dc.date.copyright | 2015-07-20 | |
dc.date.issued | 2015 | |
dc.date.submitted | 2015-07-08 | |
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dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/18062 | - |
dc.description.abstract | 本研究利用1997年到2010年的美國債券資料來探討資訊不對稱的不確定性如何影響公司債券利差,同時考慮期間結構與總體環境因素對此效果的影響。實證結果顯示,在控制文獻中影響公司債券利差重要的解釋變數後,資訊不對稱的不確定性對公司債券利差有顯著正向的影響,表示債券資訊不對稱的不確定性越高時,債券利差會越大。研究結果亦發現此資訊不對稱的不確定性效果特別對短期債券有顯著的影響。此外,總體環境也會影響資訊不對稱的不確定性對公司債券利差的效果,在經濟景氣較好時,資訊不對稱的不確定性對公司債券利差的正向效果會被削弱。 | zh_TW |
dc.description.abstract | The study examines how uncertainty in information asymmetry influences corporate bond yield spreads using American data from 1997 to 2010, and considers the effects of term structure and macroeconomic conditions on that. Empirical results show that the effect of uncertainty in information asymmetry significantly explains corporate bond yield spreads when controlling for variables well known in the literature. Bonds with higher uncertainty in information asymmetry tend to have higher yield spreads. In addition, this uncertainty in information asymmetry effect is especially noticeable among short-term bonds. Macroeconomic conditions also affect the uncertainty in information asymmetry effect on bond yield spreads. The positive relationship between a firm’s bond yield spreads and uncertainty in information asymmetry becomes weaker when economic growth rate is higher. | en |
dc.description.provenance | Made available in DSpace on 2021-06-08T00:49:57Z (GMT). No. of bitstreams: 1 ntu-104-D99723001-1.pdf: 3102135 bytes, checksum: dd54cb4531dc3da3a416209d80e1a2bc (MD5) Previous issue date: 2015 | en |
dc.description.tableofcontents | 口試委員會審定書 i
誌謝 ii 摘要 iii Abstract iv Contents v Tables vi I. Introduction 1 II. Hypotheses 5 III. Data and Methodology 10 III.1. Sample selection 10 III.2. Uncertainty in information asymmetry 11 III.2.1. Proxies for information asymmetry 12 III.2.2. Estimation of the ADJPIN model 16 III.2.3. Variables for uncertainty in information asymmetry 19 III.3. Bond yield spreads and control variables 19 III.4. Summary statistics 23 IV. Empirical Analyses 25 IV.1. Univariate tests 25 IV.2. Analyses of uncertainty in information asymmetry effects 27 IV.2.1. Bond yield spreads and uncertainty in information asymmetry 27 IV.2.2. Bond yield spreads and term structure 28 IV.2.3. Bond yield spreads and economic growth rate 29 V. Conclusions 31 References 33 | |
dc.language.iso | en | |
dc.title | 資訊不對稱的不確定性與公司債利差 | zh_TW |
dc.title | Uncertainty in Information Asymmetry and Corporate Bond Yield Spreads | en |
dc.type | Thesis | |
dc.date.schoolyear | 103-2 | |
dc.description.degree | 博士 | |
dc.contributor.oralexamcommittee | 胡星陽(Shing-Yang Hu),陳彥行(Yan-Shing Chen),陳宗岡(Tsung-Kang Chen),盧嘉梧(Chia-Wu Lu) | |
dc.subject.keyword | 不完全資訊的不確定性,不完全資訊,資訊不對稱的不確定性,資訊不對稱,公司債券利差, | zh_TW |
dc.subject.keyword | Uncertainty in incomplete information,Incomplete information,Uncertainty in information asymmetry,Information asymmetry,Corporate bond yield spreads, | en |
dc.relation.page | 46 | |
dc.rights.note | 未授權 | |
dc.date.accepted | 2015-07-08 | |
dc.contributor.author-college | 管理學院 | zh_TW |
dc.contributor.author-dept | 財務金融學研究所 | zh_TW |
顯示於系所單位: | 財務金融學系 |
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