术语“公司债券”的详细信息

英译术语:

corporate bond

汉语语境:

研究表明，国债对公司债券市场产生了排挤效应；银行信贷市场并不排斥公司债券市场的发展；股票市场对公司债券市场的负向影响并不显著，“重股轻债“现象从宏观实证角度看，并未获得更多支持；由于利率尚未完全市场化，通货膨胀率对公司债券发行规模影响甚微；固定资本形成总额增长率对公司债券发行规模影响显著，公司债券市场明显受“商业周期“影响；社会融资结构和人们的投融资行为对公司债券的市场发展规模影响明显。

英语语境:

Researches show that state debt has imposed a crowding out effect on corporate bonds market; while bank credit market has not been exclusive from corporate bonds market; negative correlation between stock market and corporate bonds market has not been significant, which means that the phenomenon "preferring stock to bond" gets little empirical support; as interest rates have not been fully liberalized, inflation rate has little effect on the circulation of corporate bonds; growth rate of gross fixed capital formation has affected corporate bonds market significantly. Otherwise, corporate bonds market has been affected by "business cycle" significantly, while social financing structure and people's investment and financing acts have a significant effect on the development of corporate bonds market.