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The Declining Credit Quality of U.S. Corporate Debt: Myth or Reality?
7 references·16 citing·43 second hop
The Declining Credit Quality of U.S. Corporate Debt: Myth or Reality? (1998)The Declining Credit Quality of U.S. Corp…The Econometrics of Financial Markets (1997)The Econometrics of Financial…Risk Management: Coordinating Corporate Investment and Financing Policies (1993)Risk Management: Coordinating…The Effect of Bond Rating Agency Announcements on Bond and Stock Prices (1992)The Effect of Bond Rating Age…Financial Structure and Aggregate Economic Activity: An Overview (1988)Financial Structure and Aggre…Financial Structure and Aggregate Economic Activity: An Overview (1988)Financial Structure and Aggre…Limited-dependent and qualitative variables in econometrics (1983)Limited-dependent and qualita…Risk measurement when shares are subject to infrequent trading (1979)Risk measurement when shares …The impact of narrative disclosure readability on bond ratings and the cost of debt (2017)The impact of narrative discl…Policy Uncertainty and Corporate Credit Spreads (2017)Policy Uncertainty and Corpor…Safer ratios, riskier portfolios: Banks׳ response to government aid (2014)Safer ratios, riskier portfol…Issuer Quality and Corporate Bond Returns (2013)Issuer Quality and Corporate …Corporate Social Responsibility and Credit Ratings (2013)Corporate Social Responsibili…How did increased competition affect credit ratings? (2011)How did increased competition…Investment‐Based Expected Stock Returns (2009)Investment‐Based Expected Sto…Measuring Abnormal Bond Performance (2008)Measuring Abnormal Bond Perfo…Beating Earnings Benchmarks and the Cost of Debt (2008)Beating Earnings Benchmarks a…Informational effects of regulation FD: evidence from rating agencies (2004)Informational effects of regu…How rating agencies achieve rating stability (2004)How rating agencies achieve r…Are credit ratings procyclical? (2004)Are credit ratings procyclica…An Empirical Analysis of the Dynamic Relationship between Investment Grade Bonds and Credit Default Swaps (2004)An Empirical Analysis of the …Analyzing rating transitions and rating drift with continuous observations (2002)Analyzing rating transitions …The term structure of credit spreads with jump risk (2001)The term structure of credit …The Long‐Run Stock Returns Following Bond Ratings Changes (2001)The Long‐Run Stock Returns Fo…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)An Empirical Evaluation of Accounting Income Numbers (1968)Risk, Return, and Equilibrium: Empirical Tests (1973)R2 around the world: New theory and new tests☆ (2005)A Three-Dimensional Conceptual Model of Corporate Performance (1979)Firm Resources and Sustained Competitive Advantage (1991)Firm resources and sustained competitive advantage (2004)Corporate Social Responsibility and Investment Efficiency (2015)Extending the benefits of ESG disclosure: The effect on the cost of debt financing (2021)Inside the ESG ratings: (Dis)agreement and performance (2021)The Role of Market Forces in Assuring Contractual Performance (1981)Reputation Acquisition in Debt Markets (1989)The theory and practice of corporate finance: evidence from the field (2001)Rating Agencies in the Face of Regulation (2011)Reaching for Yield in the Bond Market (2014)Stock price reactions to ESG news: the role of ESG ratings and disagreement (2022)Measuring security price performance (1980)Using daily stock returns (1985)Common risk factors in the returns on stocks and bonds (1993)Regulatory pressure and fire sales in the corporate bond market (2011)Climate Change News Risk and Corporate Bond Returns (2020)The Cross-Section of Expected Stock Returns (1992)Contrarian Investment, Extrapolation, and Risk (1994)Credit Ratings as Coordination Mechanisms (2005)Financial statement comparability and credit risk (2013)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Credit Rationing in Markets with Imperfect Information (1981)Understanding Financial Crises: A Developing Country Perspective (1996)The cost of capital, corporation finance and the theory of investment (2008)Credit Booms Gone Bust: Monetary Policy, Leverage Cycles and Financial Crises, 1870-2008 (2009)Financing Innovation and Growth: Cash Flow, External Equity, and the 1990s R&D Boom (2009)Determinants of corporate borrowing (1977)Corporate financing and investment decisions when firms have information that investors do not have (1984)The Cash Flow Sensitivity of Cash (2004)Why Do U.S. Firms Hold So Much More Cash than They Used To? 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this work references cited by second hop

References

  • 1983Limited-dependent and qualitative variables in econometrics13,257 cited
  • 1997The Econometrics of Financial Markets5,007 cited
  • 1993Risk Management: Coordinating Corporate Investment and Financing Policies2,897 cited
  • 1979Risk measurement when shares are subject to infrequent trading2,767 cited
  • 1992The Effect of Bond Rating Agency Announcements on Bond and Stock Prices1,002 cited
  • 1988Financial Structure and Aggregate Economic Activity: An Overview651 cited
  • 1988Financial Structure and Aggregate Economic Activity: An Overview462 cited

Cited by

  • 2013Corporate Social Responsibility and Credit Ratings784 cited
  • 2011How did increased competition affect credit ratings?695 cited
  • 2008Measuring Abnormal Bond Performance655 cited
  • 2001The Long‐Run Stock Returns Following Bond Ratings Changes607 cited
  • 2001The term structure of credit spreads with jump risk511 cited
  • 2004Informational effects of regulation FD: evidence from rating agencies505 cited
  • 2017The impact of narrative disclosure readability on bond ratings and the cost of debt502 cited
  • 2004How rating agencies achieve rating stability

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467 cited
  • 2014Safer ratios, riskier portfolios: Banks׳ response to government aid460 cited
  • 2002Analyzing rating transitions and rating drift with continuous observations439 cited
  • 2009Investment‐Based Expected Stock Returns436 cited
  • 2004Are credit ratings procyclical?402 cited
  • 2004An Empirical Analysis of the Dynamic Relationship between Investment Grade Bonds and Credit Default Swaps386 cited
  • 2013Issuer Quality and Corporate Bond Returns366 cited
  • 2008Beating Earnings Benchmarks and the Cost of Debt363 cited
  • 2017Policy Uncertainty and Corporate Credit Spreads359 cited