Zhen, Hongxian; Wang, Sanfa; Lian, Mingxiang; Zheng, Shijie - In: China journal of accounting studies 10 (2022) 1, pp. 95-119
This paper incorporates corporate targeted poverty alleviation behaviour into the bond pricing framework for the first … mechanism of targeted poverty alleviation behaviour on bond credit spreads. We find that bond-issuing companies’ targeted … poverty alleviation behaviour can significantly reduce bond credit spreads, which are more pronounced in subsamples with …