Zhai, Lingling; Tang, Xudong - In: China journal of accounting research : CJAR 16 (2023) 1, pp. 1-24
We investigate the effect of Confucian culture on corporate bond pricing. Using the birthplace data of 56,759 Jinshi in … Confucian culture and bond pricing: the stronger the Confucian atmosphere of the corporate headquarters' location, the higher … the bond rating and the lower the credit spread. This conclusion still holds after using the distance to the nearest …