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The Impact of a Third Credit Rating on the Pricing of Bonds
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The Impact of a Third Credit Rating on the Pricing of Bonds (2000)The Impact of a Third Credit Rating on th…SPLIT RATINGS, BOND YIELDS, AND UNDERWRITER SPREADS (1998)SPLIT RATINGS, BOND YIELDS, A…The Effect of Bond-Rating Changes on Bond Price Performance (1997)The Effect of Bond-Rating Cha…Split Ratings and the Pricing of Credit Risk (1997)Split Ratings and the Pricing…Differences of opinion and selection bias in the credit rating industry (1997)Differences of opinion and se…The Credit Rating Industry (1995)The Credit Rating IndustryIs a Bond Rating Downgrade Bad News, Good News, or No News for Stockholders? (1993)Is a Bond Rating Downgrade Ba…The Effect of Bond Rating Agency Announcements on Bond and Stock Prices (1992)The Effect of Bond Rating Age…THE IMPACT OF BOND RATING CHANGES ON COMMON STOCKS AND BONDS: TESTS OF THE WEALTH REDISTRIBUTION HYPOTHESIS (1988)THE IMPACT OF BOND RATING CHA…Bond Ratings: Are Two Better than One? (1988)Bond Ratings: Are Two Better …Why Split Ratings Occur (1986)Why Split Ratings OccurInterest Yields, Credit Ratings, and Economic Characteristics of State Bonds: An Empirical Analysis: Note (1984)Interest Yields, Credit Ratin…The Impact of Underwriting Method and Bidder Competition Upon Corporate Bond Interest Cost (1979)The Impact of Underwriting Me…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 …Determinants of Risk Premiums on Corporate Bonds (1959)Determinants of Risk Premiums…Information Reliability and a Theory of Financial Intermediation (1984)Measuring Corporate Bond Mortality and Performance (1989)Distance Still Matters: Evidence from Municipal Bond Underwriting (2008)Estimating the Costs of Issuer-Paid Credit Ratings (2013)Dare to Be Different? Conformity Versus Differentiation in Corporate Social Activities of Chinese Firms and Market Responses (2019)The Adjustment of Stock Prices to New Information (1969)Risk, Return, and Equilibrium: Empirical Tests (1973)THE INFORMATIONAL CONTENT OF BOND RATINGS (1987)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)Bondholder Losses in Leveraged Buyouts (1993)Credit Risk and Risk Neutral Default Probabilities: Information About Rating Migrations and Defaults (2003)Credit Ratings and Stock Liquidity (2005)Credit Ratings and the Cost of Municipal Financing (2017)Corporate Forecasts of Earnings Per Share and Stock Price Behavior: Empirical Test (1976)The effect of bond rating changes on common stock prices (1986)Credit Ratings as Coordination Mechanisms (2005)Determinants and Impact of Sovereign Credit Ratings (2007)Credit risks and European government bond markets: a panel data econometric analysis (1999)Fiscal consequences of public corruption: Empirical evidence from state bond ratings (2006)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)Liquidity and Credit Risk (2006)Measuring Default Risk Premia from Default Swap Rates and EDFs (2007)The relationship between credit default swap spreads, bond yields, and credit rating announcements (2004)The Credit Ratings Game (2009)The Economics of Structured Finance (2009)Determinants and Impact of Sovereign Credit Ratings (1996)Macroeconomic Dynamics and Credit Risk: A Global Perspective (2006)The Credit Crisis as a Problem in the Sociology of Knowledge (2011)
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References

  • 1992The Effect of Bond Rating Agency Announcements on Bond and Stock Prices1,002 cited
  • 1993Is a Bond Rating Downgrade Bad News, Good News, or No News for Stockholders?512 cited
  • 1959Determinants of Risk Premiums on Corporate Bonds460 cited
  • 1995The Credit Rating Industry455 cited
  • 1997Differences of opinion and selection bias in the credit rating industry295 cited
  • 1977The effect of a rating change announcement on bond price288 cited
  • 1997The Effect of Bond-Rating Changes on Bond Price Performance224 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
  • 1984Interest Yields, Credit Ratings, and Economic Characteristics of State Bonds: An Empirical Analysis: Note134 cited
  • 1986Why Split Ratings Occur113 cited
  • 1998SPLIT RATINGS, BOND YIELDS, AND UNDERWRITER SPREADS102 cited
  • 1988THE IMPACT OF BOND RATING CHANGES ON COMMON STOCKS AND BONDS: TESTS OF THE WEALTH REDISTRIBUTION HYPOTHESIS93 cited
  • 1997Split Ratings and the Pricing of Credit Risk90 cited
  • 1988Bond Ratings: Are Two Better than One?

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88 cited
  • 1979The Impact of Underwriting Method and Bidder Competition Upon Corporate Bond Interest Cost85 cited
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