Chart: Summary Statistics: Greenwood-Hanson High-Yield Share (1929-present)

Annual high-yield issuance share, colored by underlying source series.

Chart

Sources: Greenwood & Hanson (2013), "Issuer Quality and Corporate Bond Returns," Review of Financial Studies 26(6), 1483–1525, Review of Financial Studies, Mergent FISD

Full Screen Chart

hy_share from greenwood_hanson_hys.parquet, split into the published Greenwood-Hanson (2013) segment and the Mergent FISD reconstruction segment.

Chart Specs

Chart Name	Summary Statistics: Greenwood-Hanson High-Yield Share (1929-present)
Chart ID	summary_statistics_hy_share
Tags	Summary Statistics, Hys, Greenwood, Hanson, High Yield Share
Data Series Start Date
Data Frequency	Annual
Observation Period	Calendar Year
Lag in Data Release
Data Release Timing
Seasonal Adjustment	Not Seasonally Adjusted
Units	Pct. of Issuance
HTML Chart	HTML

Dataframe Manifest

Dataframe Name	Greenwood-Hanson High-Yield Share
Dataframe ID	greenwood_hanson_hys_processed_series
Sources	Greenwood & Hanson (2013), “Issuer Quality and Corporate Bond Returns,” Review of Financial Studies 26(6), 1483–1525, Review of Financial Studies, Mergent FISD
Providers	Greenwood & Hanson, Review of Financial Studies, WRDS
Provider Links	https://academic.oup.com/rfs/article-abstract/26/6/1483/1595232, https://wrds-www.wharton.upenn.edu/
Tags	Processed Data, Hys, Greenwood, Hanson, High Yield Share
Access Types	Public,WRDS Subscription
How is data pulled?	HTTP download via Python requests (Excel workbook), WRDS Python API
Data available up to (min)
Data available up to (max)
Dataframe Path	C:\Users\fraff\OneDrive\Documentos\UChicago\FINM_32900_Full_Stack_Quantitative_Finance\Project\p03_lopez_salido_stein_zakrajsek_2017_data\processed_data\greenwood_hanson_hys.parquet

Linked Charts:

• P01:summary_statistics_hy_share

Pipeline Manifest

Pipeline Name	Credit-Market Sentiment and the Business Cycle
Pipeline ID	P01
Maintainer	Fernando Raffo, Bangjie Xu
Contributors	Fernando Raffo, Bangjie Xu
Repository	fernando-raffo/p03_lopez_salido_stein_zakrajsek_2017
Pipeline Web Page	Pipeline Web Page
Date of Last Code Update	2026-08-19 22:04:54
OS Compatibility	Windows, Linux, MacOS
Linked Dataframes	P01:fred_macroeconomic_variables P01:shiller_market_variables P01:greenwood_hanson_hys P01:mergent_fisd_bond_data P01:fred_processed_monthly_series P01:fred_processed_annual_series P01:shiller_processed_annual_series P01:greenwood_hanson_hys_processed_series

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