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CREDIT RISK, CREDIT RATINGS, AND MUNICIPAL BOND YIELDS: A PANEL STUDY
9 references·16 citing·49 second hop
CREDIT RISK, CREDIT RATINGS, AND MUNICIPAL BOND YIELDS: A PANEL STUDY (1991)CREDIT RISK, CREDIT RATINGS, AND MUNICIPA…Research in Governmental and Nonprofit Accounting. (1988)Research in Governmental and …Estimating the Signaling Benefits of Debt Insurance: The Case of Municipal Bonds (1987)Estimating the Signaling Bene…The Association Between Municipal Market Measures and Selected Financial Reporting Practices: Additional Evidence (1984)The Association Between Munic…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…The flypaper effect and other anomalies (1983)The flypaper effect and other…The Pricing of Options on Debt Securities (1980)The Pricing of Options on Deb…Specification Tests in Econometrics (1978)Specification Tests in Econom…The Use of Variance Components Models in Pooling Cross Section and Time Series Data (1971)The Use of Variance Component…Environmental, Social, and Governance (ESG) Outcomes and Municipal Credit Risk (2024)Environmental, Social, and Go…Local public finance dynamics and hurricane shocks (2022)Local public finance dynamics…Municipal Bond Debt and Sustainability in a Non-Mature Financial Market: The Case of Italy (2018)Municipal Bond Debt and Susta…How Does the Health of Transportation Infrastructure Affect State Credit Ratings? An Empirical Analysis (2015)How Does the Health of Transp…Economic Crises, Economic Structure, and State Credit Quality Through‐the‐Cycle (2015)Economic Crises, Economic Str…An Empirical Analysis of the Municipal Bond Market in Italy: Sovereign Risk and Sub‐Sovereign Levels of Government (2015)An Empirical Analysis of the …Law, Focal Points, and Fiscal Discipline in the United States and the European Union (2014)Law, Focal Points, and Fiscal…Which Bonds Are More Expensive? The Cost Differentials by Debt Issue Purpose and the Method of Sale: An Empirical Analysis (2012)Which Bonds Are More Expensiv…Management Quality and State Bond Ratings: Exploring the Links between Public Management and Fiscal Outcomes (2011)Management Quality and State …The German Sub-national Government Bond Market: Structure, Determinants of Yield Spreads and Berlin’s Forgone Bail-out (2009)The German Sub-national Gover…Moral Hazard and Bail‐Out in Fiscal Federations: Evidence for the German Länder (2008)Moral Hazard and Bail‐Out in …FOOL THE MARKETS? CREATIVE ACCOUNTING, FISCAL TRANSPARENCY AND SOVEREIGN RISK PREMIA (2008)FOOL THE MARKETS? CREATIVE AC…Divided Government, Political Turnover, and State Bond Ratings (2008)Divided Government, Political…Comparative costs of negotiated versus competitive bond sales: new evidence from state general obligation bonds (2003)Comparative costs of negotiat…City size and geographic segmentation in the municipal bond market (1997)City size and geographic segm…Local fiscal policies, default risk, and municipal borrowing costs (1994)Local fiscal policies, defaul…Job Market Signaling (1973)Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information (1976)The Determination of Financial Structure: The Incentive-Signalling Approach (1977)Bond Ratings: Are Two Better than One? (1988)An empirical analysis of market and institutional mechanisms for alleviating information asymmetry in the municipal bond market (2004)Financial Disclosure and Bond Insurance (2004)Pooling Cross Section and Time Series Data in the Estimation of a Dynamic Model: The Demand for Natural Gas (1966)The Use of Error Components Models in Combining Cross Section with Time Series Data (1969)The Effect of State and Local Taxes on Economic Growth: A Time Series--Cross Section Approach (1985)Limited Dependent Variable Models Using Panel Data (1987)Some recent developments in spatial panel data models (2009)The Pricing of Options and Corporate Liabilities (1973)An equilibrium characterization of the term structure (1977)Two-State Option Pricing (1979)Interest Rate Risk Management (1997)Energy price risk management (2000)A deterministic–shift extension of analytically–tractable and time–homogeneous short–rate models (2001)Equality of Educational Opportunity. (1967)EQUALITY OF EDUCATIONAL OPPORTUNITY (1968)Current issues in urban economics (1979)THE EMPIRICAL ANALYSIS OF FISCAL ILLUSION (1996)Sorting and voting: A review of the literature on urban public finance (1999)Intergovernmental grants as signals and the alignment effect: Theory and evidence (2015)On the Pooling of Time Series and Cross Section Data (1978)Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations (1991)Econometric Analysis of Cross Section and Panel Data (2001)Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)RISK, RETURN AND EQUILIBRIUM: SOME CLARIFYING COMMENTS (1968)The effect of a rating change announcement on bond price (1977)THE ADJUSTMENT OF STOCK PRICES TO BOND RATING CHANGES (1978)Cross-Sectional Regularities in the Response of Stock Prices to Bond Rating Changes (1989)Information transparency and pricing in the municipal bond secondary market (2006)Where the Heart Is: Information Production and the Home Bias (2020)Fiscal Institutions and Fiscal Performance (1999)Yield spreads on EMU government bonds (2003)From Deficits to Debt and Back: Political Incentives under Numerical Fiscal Rules (2007)Multinational Enterprises, International Trade, and Productivity Growth: Firm-Level Evidence from the United States (2009)Sovereign risk premia: The link between fiscal rules and stability culture (2013)Rules and risk in the Euro area (2014)Global Games and Equilibrium Selection (1993)Social Value of Public Information (2002)This Time Is Different (2009)Do fiscal rules need budget transparency to be effective? (2022)SPLIT RATINGS, BOND YIELDS, AND UNDERWRITER SPREADS (1998)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)Data envelopment analysis: The evolution of the state of the art (1978?1995) (1996)Consistency Conditions for Regulatory Analysis of Financial Institutions: A Comparison of Frontier Efficiency Methods (1998)Measuring Performance: An Introduction to Data Envelopment Analysis (DEA) (1998)
this work references cited by second hop

References

  • 1978Specification Tests in Econometrics18,788 cited
  • 1971The Use of Variance Components Models in Pooling Cross Section and Time Series Data516 cited
  • 1988Research in Governmental and Nonprofit Accounting.404 cited
  • 1983The flypaper effect and other anomalies202 cited
  • 1980The Pricing of Options on Debt Securities173 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
  • 1987Estimating the Signaling Benefits of Debt Insurance: The Case of Municipal Bonds93 cited
  • 1984The Association Between Municipal Market Measures and Selected Financial Reporting Practices: Additional Evidence74 cited

Cited by

  • 2008FOOL THE MARKETS? CREATIVE ACCOUNTING, FISCAL TRANSPARENCY AND SOVEREIGN RISK PREMIA136 cited
  • 2014Law, Focal Points, and Fiscal Discipline in the United States and the European Union109 cited
  • 1994Local fiscal policies, default risk, and municipal borrowing costs90 cited
  • 2022Local public finance dynamics and hurricane shocks77 cited
  • 2008Moral Hazard and Bail‐Out in Fiscal Federations: Evidence for the German Länder61 cited

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2012
Which Bonds Are More Expensive? The Cost Differentials by Debt Issue Purpose and the Method of Sale: An Empirical Analysis
55 cited
  • 2003Comparative costs of negotiated versus competitive bond sales: new evidence from state general obligation bonds52 cited
  • 2009The German Sub-national Government Bond Market: Structure, Determinants of Yield Spreads and Berlin’s Forgone Bail-out50 cited
  • 1997City size and geographic segmentation in the municipal bond market39 cited
  • 2008Divided Government, Political Turnover, and State Bond Ratings39 cited
  • 2011Management Quality and State Bond Ratings: Exploring the Links between Public Management and Fiscal Outcomes38 cited
  • 2015Economic Crises, Economic Structure, and State Credit Quality Through‐the‐Cycle33 cited
  • 2018Municipal Bond Debt and Sustainability in a Non-Mature Financial Market: The Case of Italy29 cited
  • 2015How Does the Health of Transportation Infrastructure Affect State Credit Ratings? An Empirical Analysis24 cited
  • 2015An Empirical Analysis of the Municipal Bond Market in Italy: Sovereign Risk and Sub‐Sovereign Levels of Government23 cited
  • 2024Environmental, Social, and Governance (ESG) Outcomes and Municipal Credit Risk22 cited