Profitability,Financing Capacity,Solvency and Credit Risk of Real Estate Firms
The sample of the study is the financial data and bond maturity yields of 135 listed real estate companies from 2017 to 2021.The results of the study show that:credit spreads of real estate companies are mainly influenced by the profitability,financing ability and solvency of the companies.Profitability,financing ability and debt servicing ability are negatively correlated with the credit spreads of the companies.Indicators that directly lead to corporate bond defaults,such as leverage level,have a small impact on credit spreads.Defaults have a significant impact on credit spreads,indicating that public investors are hindsight on corporate credit risk and the function of China's credit evaluation system needs to be further enhanced.
NETL
NSTL
万方数据
