The Impact of Supplier Concentration on Credit Spreads in Corporate Bond Two Tier Market
Li Sun, Tao Li
Available Online December 2018.
- 10.2991/febm-18.2018.30How to use a DOI?
- Supplier concentration; Company debt credit margin; Risk
The degree of supplier concentration has both benefit and risk effects. It is an important issue to discuss how to interpret the bond spreads of bonds in the two level market. In this paper, we use the study of corporate debt data in the two level market for 2009-2016 years in China. It is found that the degree of supplier concentration improves the bond credit margin, indicating that the overall degree of supplier concentration has a risk effect on the bond investors. For the first time, this paper explores the interpretation of the degree of supplier concentration by bond investors, which helps enrich the relevant literature in the field of suppliers and bonds.
- © 2018, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Li Sun AU - Tao Li PY - 2018/12 DA - 2018/12 TI - The Impact of Supplier Concentration on Credit Spreads in Corporate Bond Two Tier Market BT - Proceedings of the Third International Conference on Economic and Business Management (FEBM 2018) PB - Atlantis Press SP - 127 EP - 130 SN - 2352-5428 UR - https://doi.org/10.2991/febm-18.2018.30 DO - 10.2991/febm-18.2018.30 ID - Sun2018/12 ER -