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The case for mandatory municipal disclosure: Do seasoned municipal bond yields impound publicly available information?
16 references·0 citing·43 second hop
The case for mandatory municipal disclosure: Do seasoned municipal bond yields impound publicly available information? (1992)The case for mandatory municipal disclosu…The Effect of Three Mile Island on Utility Bond Risk Premia: A Note (1986)The Effect of Three Mile Isla…The Information Content of Municipal Bond Rating Changes: A Note (1983)The Information Content of Mu…The Association between Municipal Accounting Information and Bond Rating Changes (1982)The Association between Munic…Common Stock Returns and Rating Changes: A Methodological Comparison (1982)Common Stock Returns and Rati…The Association between Municipal Market Measures and Selected Financial Reporting Practices (1981)The Association between Munic…Systematic Variation in Yield Spreads for Tax-Exempt General Obligation Bonds (1981)Systematic Variation in Yield…Financial Reporting and Municipal Bond Rating Changes. (1981)Financial Reporting and Munic…The Search for Information by Underwriters and Its Impact on Municipal Interest Cost (1979)The Search for Information by…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…Municipal Bond Ratings: A Discriminant Analysis Approach (1977)Municipal Bond Ratings: A Dis…The Differential Effects of Bond Rating Changes Among Industrial and Public Utility Bonds by Maturity (1976)The Differential Effects of B…The Price and Adjustment Process of Bonds to Rating Reclassifications: A Test of Bond Market Efficiency (1974)The Price and Adjustment Proc…THE PRICE ADJUSTMENT PROCESS OF BONDS TO RATING RECLASSIFICATIONS: A TEST OF BOND MARKET EFFICIENCY (1974)THE PRICE ADJUSTMENT PROCESS …Determinants of Municipal Bond Yields (1972)Determinants of Municipal Bon…Statistical Credit Scoring of Municipal Bonds (1969)Statistical Credit Scoring of…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)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)The Economics of Information (1961)Models of Market Organization with Imperfect Information: A Survey (1973)The Economics of Information (1976)The Interest Cost Savings from Experience in the Municipal Bond Market (1985)Comparative costs of negotiated versus competitive bond sales: new evidence from state general obligation bonds (2003)Social Capital and the Municipal Bond Market (2016)Corporate Bond Quality and Investor Experience. (1959)What Is in a Municipal Bond Rating? (1990)Why Do Cities Hoard Cash? Determinants and Implications of Municipal Cash Holdings (2009)Accountability through intellectual capital disclosure in Italian Universities (2020)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)A MULTIVARIATE ANALYSIS OF INDUSTRIAL BOND RATINGS (1973)Statistical Models of Bond Ratings: A Methodological Inquiry (1979)Local fiscal policies, default risk, and municipal borrowing costs (1994)Information transparency and pricing in the municipal bond secondary market (2006)Rationalization of financial statement fraud in government: An Austrian perspective (2006)Financial statement analysis (2007)Good news, bad news and rating announcements: An empirical investigation (2011)The Cost of Immediacy for Corporate Bonds (2018)CREDIT RATINGS AND THE MARKET FOR GENERAL OBLIGATION MUNICIPAL BONDS (1973)The determinants of the municipal debt policy in Spain (2004)Bond ratings, bond yields and financial information* (1992)An analysis of the determinants of sovereign ratings (2004)
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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
  • 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
  • 1983The Information Content of Municipal Bond Rating Changes: A Note114 cited
  • 1981The Association between Municipal Market Measures and Selected Financial Reporting Practices83 cited
  • 1969Statistical Credit Scoring of Municipal Bonds82 cited
  • 1979The Search for Information by Underwriters and Its Impact on Municipal Interest Cost65 cited
  • 1982The Association between Municipal Accounting Information and Bond Rating Changes64 cited
  • 1972Determinants of Municipal Bond Yields53 cited
  • 1977Municipal Bond Ratings: A Discriminant Analysis Approach46 cited
  • 1974The Price and Adjustment Process of Bonds to Rating Reclassifications: A Test of Bond Market Efficiency43 cited
  • 1981Financial Reporting and Municipal Bond Rating Changes.41 cited
  • 1981

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Systematic Variation in Yield Spreads for Tax-Exempt General Obligation Bonds
40 cited
  • 1986The Effect of Three Mile Island on Utility Bond Risk Premia: A Note35 cited
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