Figure/Table detail

Regulatory Shock and the Effect of Credit Ratings on Bond Financing Cost: Empirical Evidence from the Perspective of Dagong Event’s Industry Effect
Ling-min XIE
Journal of Central University of Finance & Economics, 2024, 0(1): 87-101.  

变量 (1) (2)
Spread1 Spread2
Rating×Post -0.330***
(-11.151)		 -0.309***
(-10.185)
Rating -0.538***
(-19.989)		 -0.558***
(-20.245)
Post 5.721***
(10.493)		 5.140***
(9.210)
Bondsize -0.105***
(-5.538)		 -0.133***
(-6.885)
Duration 0.047***
(5.415)		 -0.097***
(-10.962)
Put 0.143***
(4.133)		 0.157***
(4.440)
Call 0.486***
(12.173)		 0.269***
(6.569)
Guarantee -0.443***
(-9.673)		 -0.491***
(-10.481)
Markettype 0.261***
(4.389)		 0.061
(0.994)
Listed -0.293***
(-9.740)		 -0.320***
(-10.411)
Soe -0.769***
(-23.764)		 -0.759***
(-22.913)
Observations 4 468 4 468
R-squared 0.636 0.639
CRA FE YES YES
Industry FE YES YES
Year-Month FE YES YES
表3 基本回归结果
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