56中英文双语外文文献翻译成品：债券市场参与者对信息披露质量的关注：来自中国上市公司的证据

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1、外文标题： Are Participants in Bond Market Concerned about the Quality of Information Disclosure: Evidence from Chinese Listed Companies 外文作者： Huan Luo,  Changhai Yu,  Ran Su 文献出处 :  Modern Economy,2014,5,1031-1045              英文 2089 单词，  11789 字符，

2、中文 3608 汉字。  此文档是外文翻 译成品，无需调整复杂的格式哦！下载之后直接可用，方便快捷！只需二十多元。  原文：  Are Participants in Bond Market Concerned about the Quality of Information Disclosure: Evidence from Chinese Listed Companies Huan Luo,  Changhai Yu,  Ran Su Introduction Although the bond market develops rapidl

3、y in recent years, Chinas bond market is still far behind the stock market (Bottelier, 2003) 1. As a comprehensive measure of corporate credit risk, the quality of corporate disclosure should be important for corporate credit rating. However, due to the ineffectiveness of Chinas bond market, credit

4、ratings have always been questioned. There is no conclusion about whether the information disclosure quality would affect the level of bond credit rating and whether credit rating agencies are concerned about the disclosure quality. Moreover, there is also no research on whether bond investors are c

5、oncerned about the information disclosure quality. High quality of information disclosure can help to solve the problem of asymmetric information and reduce the moral and speculation risk. This plays a very important role in protecting the investors interests and promoting the development of capital

6、 market. However, as Chinas bond market development is relatively lagged, Chinese academics tend to study stock market rather than bond market. Whether improving the quality of in- formation disclosure could reduce the bond financing cost is inconclusive. This article explores whether the Chinas bond market participants are concerned about the information disclosure quality, trying to make up for the lack of related research and making some policy suggestions for the development of Chinas bond market. Literature Review The most two important theories studying inform