The execution quality of corporate bonds

This paper investigates execution quality issues in corporate bond trading. Using an extensive sample of bond trades by insurance companies, we find that an insurance company entering a trade of similar size and on the same side for the same bond on the same day with the same dealer will receive a b...

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Veröffentlicht in:	Journal of financial economics 2018-11, Vol.130 (2), p.308-326
Hauptverfasser:	O’ Hara, Maureen, Wang, Yihui, (Alex) Zhou, Xing
Format:	Artikel
Sprache:	eng
Schlagworte:	Bonds Corporate bonds Dealer market Dealers Execution quality Insurance companies Market microstructure Microstructure Same day Trade negotiation Trading Trading network Transparency
Online-Zugang:	Volltext
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