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Keywords: bond market transparency
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Journal Articles
Journal:
The Accounting Review
The Accounting Review (2023) 98 (4): 143–165.
Published: 01 July 2023
...Yuyan Guan; Jeong-Bon Kim; Boluo Liu; Xiangang Xin ABSTRACT Utilizing the Trade Reporting and Compliance Engine (TRACE) setting as an exogenous shock to bond market transparency, we find that improved bond market transparency leads to lower crash risk in the stock market, consistent with increased...