Information content of unsolicited credit rating changes.

• المؤلفون الرئيسيون: Hong, Junming., Suk, Jack., Lim, Qingzhong.
• مؤلفون آخرون: Tan, Kok Hui
• التنسيق: Final Year Project
• منشور في: 2008
• الموضوعات: DRNTU::Business::Finance
• الوصول للمادة أونلاين: http://hdl.handle.net/10356/10481

This paper examines the informational content of rating changes in the Japanese market by analyzing stock price reactions before, during, and after announcements of unsolicited rating changes by Standard and Poor’s (S&P). Data from 1996 to 2005 are examined, and findings in this paper suggest th...