We study how firms' ownership structure affects the cost of debt using evidence from Chinese corporate bond market. Our result shows state, institutional, and foreign ownership all help to reduce firms' cost of debt. The effect of state ownership is more pronounced if the issuer is headquartered...

How much does firm reputation matter in the public debt market? Using lawsuits that have an adverse effect on firm reputation, we find corporate bond prices react to lawsuit information. Litigated firms issue bonds with 4.9 percent higher yield spreads, 11-month shorter maturities, and $14.7...

We analyse the determinants of the variation of option-adjusted credit spreads (OASs) on a unique database that enlarges the traditional scope of analysis to more disaggregated indexes (combining industry, grade and maturity levels), new variables (volumes of sales and purchases of institutional...