第4章：我国次级债券市场约束效应实证研究。
Chapter 4: Empirical study on Chinese SND market discipline.
次级债是一种后偿债券，一旦企业破产，这种债券的索偿权排在其他证券之后。
Subordinated bonds are paid after other debt should a company fall into bankruptcy.
次级债是一种后偿债券，一旦企业破产，这种债券的索偿权排在其他证券之后。
Subordinated bonds are paid after other debt should a company fall into bankruptcy.
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