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Market anticipation and the effect of bond rating changes on common stock prices
12 references·2 citing·44 second hop
Market anticipation and the effect of bond rating changes on common stock prices (1992)Market anticipation and the effect of bon…The effect of bond rating changes on common stock prices (1986)The effect of bond rating cha…Investment banking and the capital acquisition process (1986)Investment banking and the ca…Using daily stock returns (1985)Using daily stock returnsDifferential Information and Security Market Equilibrium (1985)Differential Information and …Differential information and the small firm effect (1984)Differential information and …Common Stock Returns and Rating Changes: A Methodological Comparison (1982)Common Stock Returns and Rati…Measuring security price performance (1980)Measuring security price perf…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…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…THE PRICE ADJUSTMENT PROCESS OF BONDS TO RATING RECLASSIFICATIONS: A TEST OF BOND MARKET EFFICIENCY (1974)THE PRICE ADJUSTMENT PROCESS …The Economics of Information (1961)The Economics of InformationCredit ratings and predictability of stock return dynamics of the BRICS and the PIIGS: Evidence from a nonparametric causality-in-quantiles approach (2020)Credit ratings and predictabi…The National Market Impact of Sovereign Rating Changes (2002)The National Market Impact of…Risk, Return, and Equilibrium: Empirical Tests (1973)The relationship between return and market value of common stocks (1981)Information and the Cost of Capital (2002)Information Asymmetry, Information Precision, and the Cost of Capital (2011)Does Integrated Reporting Matter to the Capital Market? (2017)Applied Statistical Decision Theory (1962)Misspecification of capital asset pricing (1981)The real term structure and consumption growth (1988)Assessing Alternative Proxies for the Expected Risk Premium (2005)Corporate social responsibility disclosure and the cost of equity capital: The roles of stakeholder orientation and financial transparency (2014)The Adjustment of Stock Prices to New Information (1969)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)Event Studies in Economics and Finance (1997)Introductory Econometrics for Finance (2008)Time Series Analysis: Forecasting and Control (1977)Time Series Analysis: Forecasting and Control (1977)Efficient Capital Markets: II (1991)ARCH modeling in finance (1992)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Corporate financing and investment decisions when firms have information that investors do not have (1984)The Long‐Run Performance of initial Public Offerings (1991)Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors (2000)The Nature of the Firm (1937)The Pricing of Options and Corporate Liabilities (1973)Separation of Ownership and Control (1983)Law and Finance (1998)The Categorical Imperative: Securities Analysts and the Illegitimacy Discount (1999)The Contributions of the Economics of Information to Twentieth Century Economics (2000)What Makes a Helpful Online Review? A Study of Customer Reviews on Amazon.Com1 (2010)
this work references cited by second hop

References

  • 1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
  • 1985Using daily stock returns6,497 cited
  • 1961The Economics of Information5,253 cited
  • 1980Measuring security price performance3,330 cited
  • 1986Investment banking and the capital acquisition process979 cited
  • 1985Differential Information and Security Market Equilibrium928 cited
  • 1986The effect of bond rating changes on common stock prices734 cited
  • 1984Differential information and the small firm effect527 cited
  • 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

Cited by

  • 2002The National Market Impact of Sovereign Rating Changes51 cited
  • 2020Credit ratings and predictability of stock return dynamics of the BRICS and the PIIGS: Evidence from a nonparametric causality-in-quantiles approach28 cited

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