學術產出-期刊論文
| 題名 | Quality of government institutions and spreads on sovereign credit default swaps |
| 作者 | Hsien-YiChen 陳聖賢 Chen, Sheng-Syan |
| 貢獻者 | 財管系 |
| 關鍵詞 | Institutional quality; Sovereign default; Credit risk |
| 日期 | 2018-10 |
| 上傳時間 | 24-七月-2018 16:14:28 (UTC+8) |
| 摘要 | We examine how the quality of government institutions affects the likelihood of sovereign default. We find both economically and statistically significant adverse effects of country governance indicators on sovereign credit default swap spreads. The evidence suggests that better-quality governance enhances a country’s willingness to repay debt, and hence reduces the probability of sovereign default. The results still hold after we account for potential endogeneity and conduct a number of robustness tests. |
| 關聯 | Journal of International Money and Finance, Volume 87, Pages 82-95 |
| 資料類型 | article |
| DOI | https://doi.org/10.1016/j.jimonfin.2018.05.008 |
| dc.contributor | 財管系 | |
| dc.creator (作者) | Hsien-YiChen | en_US |
| dc.creator (作者) | 陳聖賢 | zh_TW |
| dc.creator (作者) | Chen, Sheng-Syan | en_US |
| dc.date (日期) | 2018-10 | |
| dc.date.accessioned | 24-七月-2018 16:14:28 (UTC+8) | - |
| dc.date.available | 24-七月-2018 16:14:28 (UTC+8) | - |
| dc.date.issued (上傳時間) | 24-七月-2018 16:14:28 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/118855 | - |
| dc.description.abstract (摘要) | We examine how the quality of government institutions affects the likelihood of sovereign default. We find both economically and statistically significant adverse effects of country governance indicators on sovereign credit default swap spreads. The evidence suggests that better-quality governance enhances a country’s willingness to repay debt, and hence reduces the probability of sovereign default. The results still hold after we account for potential endogeneity and conduct a number of robustness tests. | en_US |
| dc.format.extent | 348770 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | Journal of International Money and Finance, Volume 87, Pages 82-95 | |
| dc.subject (關鍵詞) | Institutional quality; Sovereign default; Credit risk | en_US |
| dc.title (題名) | Quality of government institutions and spreads on sovereign credit default swaps | en_US |
| dc.type (資料類型) | article | en |
| dc.identifier.doi (DOI) | 10.1016/j.jimonfin.2018.05.008 | |
| dc.doi.uri (DOI) | https://doi.org/10.1016/j.jimonfin.2018.05.008 |