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The Informational Content of Bond Ratings
7 references·6 citing·42 second hop
The Informational Content of Bond Ratings (1984)The Informational Content of Bond RatingsCommon Stock Returns and Rating Changes: A Methodological Comparison (1982)Common Stock Returns and Rati…The Systematic Risk of Corporate Bonds (1981)The Systematic Risk of Corpor…The effect of a rating change announcement on bond price (1977)The effect of a rating change…An Analytical Model of Interest Rate Differentials and Different Default Recoveries (1977)An Analytical Model of Intere…The Differential Effects of Bond Rating Changes Among Industrial and Public Utility Bonds by Maturity (1976)The Differential Effects of B…Bond Ratings, Bond Yields and Financial Regulation: Some Findings (1973)Bond Ratings, Bond Yields and…Determinants of Risk Premiums on Corporate Bonds (1959)Determinants of Risk Premiums…Drivers of the cost of capital: The joint role of non-financial metrics (2013)Drivers of the cost of capita…Do Banks Price Their Informational Monopoly? (2008)Do Banks Price Their Informat…Private Information, Agency Problems and Determinants of Loan Syndications: Evidence from 1987-1999 (2002)Private Information, Agency P…Assessing Credit Rating Agencies by Bond Issuers and Institutional Investors (2001)Assessing Credit Rating Agenc…Modified Bond Ratings: Further Evidence On the Effect of Split Ratings On Corporate Bond Yields (1988)Modified Bond Ratings: Furthe…THE IMPACT OF SPLIT BOND RATINGS ON RISK PREMIA (1987)THE IMPACT OF SPLIT BOND RATI…THE ADJUSTMENT OF STOCK PRICES TO BOND RATING CHANGES (1978)THE INFORMATIONAL CONTENT OF BOND RATINGS (1987)AN EXAMINATION OF THE YIELD SPREAD BETWEEN INSURED AND UNINSURED DEBT (1989)Does the market perceive a difference in rating agencies? (1999)Split sovereign ratings and rating migrations in emerging economies (2009)WHAT'S IN A NAME? REPUTATION BUILDING AND CORPORATE STRATEGY. (1990)The Cross-Section of Expected Stock Returns (1992)The American Customer Satisfaction Index: Nature, Purpose, and Findings (1996)Reputation und Unternehmenserfolg (2014)Brand Equity, Earnings Management, and Financial Reporting Irregularities (2020)Internationalization and firm default risk: The roles of environmental dynamism and marketing capability (2020)THE PRICE ADJUSTMENT PROCESS OF BONDS TO RATING RECLASSIFICATIONS: A TEST OF BOND MARKET EFFICIENCY (1974)The Impact of Rating Agency Reputation on Local Government Bond Yields (2007)The Adjustment of Stock Prices to New Information (1969)Risk, Return, and Equilibrium: Empirical Tests (1973)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)RECENT DEVELOPMENTS IN THE COST OF DEBT CAPITAL (1978)Taxes, Default Risk, and Yield Spreads (1985)Risk premia and the pricing of primary issue bonds (1988)Bond Price Volatility and Term to Maturity: A Generalized Respecification (2017)From ‘Some Theoretical Problems Suggested by the Movements of Interest Rates, Bond Yield, and Stock Prices in the United States Since 1856’ (2017)An Empirical Evaluation of Accounting Income Numbers (1968)Stock Price Reactions to The Wall Street Journal's Securities Recommendations (1990)Bond ratings, bond yields and financial information* (1992)An analysis of the determinants of sovereign ratings (2004)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)A Theory of the Term Structure of Interest Rates (1985)Does the Bond Market Predict Bankruptcy Settlements? (1992)The Informational Efficiency of the Corporate Bond Market: An Intraday Analysis (2000)Theory of rational option pricing (2005)Information transparency and pricing in the municipal bond secondary market (2006)DETERMINANTS OF THE RATINGS AND YIELDS ON CORPORATE BONDS: TESTS OF THE CONTINGENT CLAIMS MODEL (1987)The Real Consequences of Market Segmentation (2011)Exploring the determinants of green bond issuance: Going beyond the long‐lasting debate on performance consequences (2020)The Information Content of Municipal Bond Rating Changes: A Note (1983)Good news, bad news and rating announcements: An empirical investigation (2011)The Cost of Immediacy for Corporate Bonds (2018)Measuring Corporate Bond Mortality and Performance (1989)Liquidity and Credit Risk (2006)Measuring Default Risk Premia from Default Swap Rates and EDFs (2007)
this work references cited by second hop

References

  • 1959Determinants of Risk Premiums on Corporate Bonds460 cited
  • 1977The effect of a rating change announcement on bond price288 cited
  • 1982Common Stock Returns and Rating Changes: A Methodological Comparison216 cited
  • 1976The Differential Effects of Bond Rating Changes Among Industrial and Public Utility Bonds by Maturity153 cited
  • 1973Bond Ratings, Bond Yields and Financial Regulation: Some Findings142 cited
  • 1981The Systematic Risk of Corporate Bonds77 cited
  • 1977An Analytical Model of Interest Rate Differentials and Different Default Recoveries66 cited

Cited by

  • 2013Drivers of the cost of capital: The joint role of non-financial metrics50 cited
  • 1987THE IMPACT OF SPLIT BOND RATINGS ON RISK PREMIA38 cited
  • 1988Modified Bond Ratings: Further Evidence On the Effect of Split Ratings On Corporate Bond Yields33 cited
  • 2001Assessing Credit Rating Agencies by Bond Issuers and Institutional Investors33 cited
  • 2008Do Banks Price Their Informational Monopoly?30 cited
  • 2002Private Information, Agency Problems and Determinants of Loan Syndications: Evidence from 1987-199929 cited

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