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Effect of credit rating changes on Australian stock returns
11 references·9 citing·47 second hop
Effect of credit rating changes on Australian stock returns (2006)Effect of credit rating changes on Austra…Informational effects of regulation FD: evidence from rating agencies (2004)Informational effects of regu…Credit Ratings, Collateral, and Loan Characteristics: Implications for Yield* (2003)Credit Ratings, Collateral, a…The theory and practice of corporate finance: evidence from the field (2001)The theory and practice of co…The Information Value of Bond Ratings (2000)The Information Value of Bond…The incremental information content of bond rating revisions: The Australian evidence (1995)The incremental information c…Is a Bond Rating Downgrade Bad News, Good News, or No News for Stockholders? (1993)Is a Bond Rating Downgrade Ba…The Effect of Bond Rating Agency Announcements on Bond and Stock Prices (1992)The Effect of Bond Rating Age…The effect of bond rating changes on common stock prices (1986)The effect of bond rating cha…Using daily stock returns (1985)Using daily stock returnsTHE ADJUSTMENT OF STOCK PRICES TO BOND RATING CHANGES (1978)THE ADJUSTMENT OF STOCK PRICE…The effect of a rating change announcement on bond price (1977)The effect of a rating change…Environmental, Social, and Governance Impact on Energy Sector Default Risk—Long-Term Issuer Credit Ratings Perspective (2022)Environmental, Social, and Go…ESG as a Measure of Credit Ratings (2021)ESG as a Measure of Credit Ra…On the effect of credit rating announcements on sovereign bonds: International evidence (2020)On the effect of credit ratin…Information asymmetry and investor trading behavior around bond rating change announcements (2017)Information asymmetry and inv…CEO network centrality and bond ratings (2017)CEO network centrality and bo…The determinants of credit rating: brazilian evidence (2014)The determinants of credit ra…The impact of credit rating changes in Latin American stock markets (2013)The impact of credit rating c…Internal control quality and information asymmetry in the secondary loan market (2013)Internal control quality and …The Influence of a Credit Rating Change on Corporate Cash Holdings and Their Marginal Value (2012)The Influence of a Credit Rat…Common risk factors in the returns on stocks and bonds (1993)Cross-Sectional Determinants of Analyst Ratings of Corporate Disclosures (1993)Corporate Disclosure Policy and Analyst Behavior. (1996)Credit Ratings as Coordination Mechanisms (2005)The Debt Contracting Value of Accounting Information and Loan Syndicate Structure (2007)Do Regulations Based on Credit Ratings Affect a Firm's Cost of Capital? (2010)The Adjustment of Stock Prices to New Information (1969)Risk, Return, and Equilibrium: Empirical Tests (1973)THE INFORMATIONAL CONTENT OF BOND RATINGS (1987)The Effect of Bond-Rating Changes on Bond Price Performance (1997)Bank monitoring and the pricing of corporate public debt1We thank Atul Gupta, Robyn McLaughlin, Tim Mech, David P. Simon, and especially Bill Schwert (the editor), and Peggy Wier (the referee) for their valuable comments. The third author acknowledges partial financial support from the Babcock Summer Research Program. The usual disclaimer applies.1 (1999)The Adjustment of Stock Prices to New Information (2003)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)Differential properties in the ratings of certified versus non-certified bond-rating agencies (2006)The Relationship between Credit Default Swap Spreads, Bond Yields, and Credit Rating Announcements (2012)Have Rating Agencies Become More Conservative? Implications for Capital Structure and Debt Pricing (2014)Estimating betas from nonsynchronous data (1977)Anomalies in relationships between securities' yields and yield-surrogates (1978)Timeliness of Reporting and the Stock Price Reaction to Earnings Announcements (1984)Informational efficiency of credit default swap and stock markets: The impact of credit rating announcements (2004)The Economics of Structured Finance (2009)How did increased competition affect credit ratings? (2011)An Empirical Evaluation of Accounting Income Numbers (1968)Time Series Analysis: Forecasting and Control (1977)Time Series Analysis: Forecasting and Control (1977)Efficient Capital Markets: II (1991)ARCH modeling in finance (1992)Introductory Econometrics for Finance (2008)Corporate Forecasts of Earnings Per Share and Stock Price Behavior: Empirical Test (1976)Determinants and Impact of Sovereign Credit Ratings (1996)Determinants and Impact of Sovereign Credit Ratings (2007)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Determinants of corporate borrowing (1977)Credit Rationing in Markets with Imperfect Information (1981)Credit Rating Agencies in Capital Markets: A Review of Research Evidence on Selected Criticisms of the Agencies (2007)Tests of ex ante versus ex post theories of collateral using private and public information (2010)How collateral laws shape lending and sectoral activity (2016)Corporate financing and investment decisions when firms have information that investors do not have (1984)The Cross-Section of Expected Stock Returns (1992)Managing with Style: The Effect of Managers on Firm Policies (2003)Law, finance, and economic growth in China (2005)The economic implications of corporate financial reporting (2005)Understanding the Securitization of Subprime Mortgage Credit (2007)Tiebreaker: Certification and Multiple Credit Ratings (2012)The relationship between credit default swap spreads, bond yields, and credit rating announcements (2004)The Credit Ratings Game (2009)
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References

  • 1985Using daily stock returns6,497 cited
  • 2001The theory and practice of corporate finance: evidence from the field5,947 cited
  • 1992The Effect of Bond Rating Agency Announcements on Bond and Stock Prices1,002 cited
  • 1986The effect of bond rating changes on common stock prices734 cited
  • 1993Is a Bond Rating Downgrade Bad News, Good News, or No News for Stockholders?512 cited
  • 2004Informational effects of regulation FD: evidence from rating agencies505 cited
  • 2000The Information Value of Bond Ratings433 cited
  • 1978THE ADJUSTMENT OF STOCK PRICES TO BOND RATING CHANGES304 cited
  • 1977The effect of a rating change announcement on bond price288 cited
  • 2003Credit Ratings, Collateral, and Loan Characteristics: Implications for Yield*214 cited
  • 1995The incremental information content of bond rating revisions: The Australian evidence96 cited

Cited by

  • 2021ESG as a Measure of Credit Ratings56 cited
  • 2014The determinants of credit rating: brazilian evidence49 cited
  • 2017Information asymmetry and investor trading behavior around bond rating change announcements49 cited
  • 2017CEO network centrality and bond ratings

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40 cited
  • 2012The Influence of a Credit Rating Change on Corporate Cash Holdings and Their Marginal Value38 cited
  • 2020On the effect of credit rating announcements on sovereign bonds: International evidence37 cited
  • 2013The impact of credit rating changes in Latin American stock markets34 cited
  • 2013Internal control quality and information asymmetry in the secondary loan market30 cited
  • 2022Environmental, Social, and Governance Impact on Energy Sector Default Risk—Long-Term Issuer Credit Ratings Perspective25 cited