Corporate Bond Trading Costs : A Peek Behind The Curtain  

Oleh:

Schultz, Paul

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Journal of Finance (EBSCO) vol. 56 no. 2 (2001), page 677-698.
Topik: trading; bond markets; costs; mathematical models; studies; regression analysis
Fulltext: p 677.pdf (183.99KB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ88 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

Lihat Detail Induk

Isi artikel

Transactions costs in equity markets have been studied extensively by financial economists in recent years. In contrast, almost nothing is known about the costs of trading bonds. In this paper, institutional corporate bond trade data is used to estimate transactions costs in the over - the - counter bond market. Average round - trip trading costs are found to be about $0.27 per $100 of par value. Trading costs are lower for larger trades. Small bond dealers charge more than large ones. No evidence is found that trading costs more for lower-rated bonds.

Opini Anda

Klik untuk menuliskan opini Anda tentang koleksi ini!

Kembali