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THE IMPACT OF SPLIT BOND RATINGS ON RISK PREMIA
10 references·5 citing·35 second hop
THE IMPACT OF SPLIT BOND RATINGS ON RISK PREMIA (1987)THE IMPACT OF SPLIT BOND RATINGS ON RISK …THE INFORMATIONAL CONTENT OF BOND RATINGS (1987)THE INFORMATIONAL CONTENT OF …The Informational Content of Bond Ratings (1984)The Informational Content of …Interest Yields, Credit Ratings, and Economic Characteristics of State Bonds: An Empirical Analysis: Note (1984)Interest Yields, Credit Ratin…The Information Content of Municipal Bond Rating Changes: A Note (1983)The Information Content of Mu…Common Stock Returns and Rating Changes: A Methodological Comparison (1982)Common Stock Returns and Rati…THE 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…The Differential Effects of Bond Rating Changes Among Industrial and Public Utility Bonds by Maturity (1976)The Differential Effects of B…THE PRICE ADJUSTMENT PROCESS OF BONDS TO RATING RECLASSIFICATIONS: A TEST OF BOND MARKET EFFICIENCY (1974)THE PRICE ADJUSTMENT PROCESS …Bond Ratings, Bond Yields and Financial Regulation: Some Findings (1973)Bond Ratings, Bond Yields and…Split sovereign ratings and rating migrations in emerging economies (2009)Split sovereign ratings and r…The Impact of Rating Agency Reputation on Local Government Bond Yields (2007)The Impact of Rating Agency R…Assessing Credit Rating Agencies by Bond Issuers and Institutional Investors (2001)Assessing Credit Rating Agenc…Does the market perceive a difference in rating agencies? (1999)Does the market perceive a di…AN EXAMINATION OF THE YIELD SPREAD BETWEEN INSURED AND UNINSURED DEBT (1989)AN EXAMINATION OF THE YIELD S…Determinants of Risk Premiums on Corporate Bonds (1959)Modified Bond Ratings: Further Evidence On the Effect of Split Ratings On Corporate Bond Yields (1988)Drivers of the cost of capital: The joint role of non-financial metrics (2013)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)The Behavior of Stock-Market Prices (1965)An Empirical Evaluation of Accounting Income Numbers (1968)Efficient Capital Markets: A Review of Theory and Empirical Work (1970)Exploring for the Determinants of Credit Risk in Credit Default Swap Transaction Data: Is Fixed-Income Markets' Information Sufficient to Evaluate Credit Risk? (2003)Do Market‐based Indicators Anticipate Rating Agencies? Evidence for International Banks (2006)The impact of credit rating announcements on credit default swap spreads (2013)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)RISK, RETURN AND EQUILIBRIUM: SOME CLARIFYING COMMENTS (1968)Cross-Sectional Regularities in the Response of Stock Prices to Bond Rating Changes (1989)CREDIT RISK, CREDIT RATINGS, AND MUNICIPAL BOND YIELDS: A PANEL STUDY (1991)Where the Heart Is: Information Production and the Home Bias (2020)Local fiscal policies, default risk, and municipal borrowing costs (1994)SPLIT RATINGS, BOND YIELDS, AND UNDERWRITER SPREADS (1998)Credit risks and European government bond markets: a panel data econometric analysis (1999)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)Good news, bad news and rating announcements: An empirical investigation (2011)The Cost of Immediacy for Corporate Bonds (2018)Bond ratings, bond yields and financial information* (1992)An analysis of the determinants of sovereign ratings (2004)Credit Ratings and Stock Liquidity (2005)Credit Ratings and Credit Risk: Is One Measure Enough? (2016)
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References

  • 1978THE ADJUSTMENT OF STOCK PRICES TO BOND RATING CHANGES304 cited
  • 1977The effect of a rating change announcement on bond price288 cited
  • 1987THE INFORMATIONAL CONTENT OF BOND RATINGS263 cited
  • 1982Common Stock Returns and Rating Changes: A Methodological Comparison216 cited
  • 1974THE PRICE ADJUSTMENT PROCESS OF BONDS TO RATING RECLASSIFICATIONS: A TEST OF BOND MARKET EFFICIENCY180 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
  • 1984Interest Yields, Credit Ratings, and Economic Characteristics of State Bonds: An Empirical Analysis: Note134 cited
  • 1983The Information Content of Municipal Bond Rating Changes: A Note114 cited
  • 1984The Informational Content of Bond Ratings51 cited

Cited by

  • 1999Does the market perceive a difference in rating agencies?37 cited
  • 1989AN EXAMINATION OF THE YIELD SPREAD BETWEEN INSURED AND UNINSURED DEBT36 cited
  • 2009Split sovereign ratings and rating migrations in emerging economies34 cited
  • 2001Assessing Credit Rating Agencies by Bond Issuers and Institutional Investors33 cited

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2007
The Impact of Rating Agency Reputation on Local Government Bond Yields
27 cited