Information asymmetry and investor trading behavior around bond rating change announcements

H Yang, HJ Ahn, MH Kim, D Ryu - Emerging Markets Review, 2017‏ - Elsevier
This study examines stock market reactions to public announcements (corporate bond rating
changes), including changes in stock prices and investor behavior in terms of trading …

[HTML][HTML] Does soft information in expert ratings curb information asymmetry? Evidence from crowdfunding and early transaction phases of Initial Coin offerings

T Wang, S Zhao, M Zhou - Journal of International Financial Markets …, 2022‏ - Elsevier
Abstract An Initial Coin Offering is the Initial Public Offering of the crypto sector. By issuing
crypto tokens in exchange for funds, Initial Coin Offering is a popular way to raise capital for …

[HTML][HTML] Does credit rating revision affect the price of a special class of common stock?

A Ng, M Ariff - Borsa Istanbul Review, 2019‏ - Elsevier
This paper reports stock return changes induced by credit rating revisions disclosed by
credit-rating agency in one stock market, where there is a list of special stocks. Do stock …

Is solicitation status related to rating conservatism and rating quality?

S Zhao, F Moreira, T Wang - Journal of International Financial Markets …, 2021‏ - Elsevier
This paper discusses the association between rating solicitation status and rating quality.
Our model shows that if firms with a declining trend of performance are less likely to solicit …

Information in financial and banking crises-1973-2008

RP Heim - 2024‏ - ora.ox.ac.uk
This dissertation investigates the evolving role and nature of information in financial and
banking crises from 1973 to 2008. It develops a theoretical framework to understand various …

Do unsolicited bank credit ratings matter to bank leverage decision? Evidence from Asian countries

YJ Hsiao, L Qin, YL Lin - … in Pacific Basin Business, Economics and …, 2019‏ - emerald.com
This chapter differentiates the effect of solicited credit ratings (SCRs) and unsolicited credit
ratings (UCRs) on bank leverage decision before and after the credit rating change. We find …

Credit Rating Agencies in the Face of the War in Ukraine

Ł Wołoszczenko-Hołda, P Niedziółka - Prace Naukowe Uniwersytetu …, 2023‏ - ceeol.com
The aim of this study was to find evidence of whether the ratings prior to Russia's reinvasion
of Ukraine in 2022 reflected the geopolitical risks, and if the rating actions taken in response …

Capital Structure Decisions Following Credit Rating Changes: Evidence from Japan

L Fairchild, SH Han, YS Shin - The Journal of Asian Finance …, 2022‏ - koreascience.kr
Our study adds to the body of knowledge about the relationship between credit ratings and
the capital structure of bond issuers. Using Bloomberg and Datastream databases and …

Credit scores and the performance of newly-listed stocks: an exploration of the Chinese A-share market

CX Cai, PB McGuinness, Q Zhang - Review of Quantitative Finance and …, 2018‏ - Springer
This study assesses the power of S&P Global Market Intelligence's CreditModel (CM) scores
in explaining the short-and long-run performance of newly-listed Chinese firms. A unique …

Split credit ratings of banks in times of crisis

S Rowe - International Journal of Banking, Accounting and …, 2020‏ - inderscienceonline.com
This paper analyses whether opacity of bank creditworthiness increases during crisis
periods and if the conservativeness of CRAs changes through business cycles. Univariate …