On the Development of Corporate Bond Market and Financial Costs
基于跨国数据，研究公司债券市场发展对融资成本的影响，发现市场越发达，国债基准利率和企业融资成本越低，并针对中国债券市场提出政策建议。
Based on transnational data,the paper studies the effect of corporate bond market development on the financing cost.The result shows that the more corporate bond market developed,the lower treasury benchmark interest rate and the cost of corporate finance are.Finally,the author proposes some policy suggestions to the bond market development in China.