Review on Foreign Study of Corporate Bond Spread

Abstract

Foreign literatures are mainly about analyst forecast dispersion, liquidity risk, equity market volatility, default risk, taxes, credit risk, and the interaction of credit risk and default risk and other factors that influence bond spread. The literatures including the research on the impact of equity market index, but little literatures refer to the impact of bond complex index on bond spread. There are different opinions about the impact of systemic risk on bond spread