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The effect of bond rating changes on common stock prices

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Author Info
Holthausen, Robert W.
Leftwich, Richard W.
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File URL: http://www.sciencedirect.com/science/article/B6VBX-458WN9H-K/2/bfd7fbdcad83b4199817d0a200a43108
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Publisher Info
Article provided by Elsevier in its journal Journal of Financial Economics.

Volume (Year): 17 (1986)
Issue (Month): 1 (September)
Pages: 57-89
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:eee:jfinec:v:17:y:1986:i:1:p:57-89

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Web page: http://www.elsevier.com/locate/inca/505576

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  1. Adam Creighton & Luke Gower, 2004. "The Impact of Rating Changes in Australian Financial Markets," RBA Research Discussion Papers rdp2004-02, Reserve Bank of Australia. [Downloadable!]
    Other versions:
  2. Bo Becker & Todd Milbourn, 2008. "Reputation and competition: evidence from the credit rating industry," Harvard Business School Working Papers 09-051, Harvard Business School, revised Jul 2009. [Downloadable!]
  3. Allen Berger & Sally Davies, 1998. "The Information Content of Bank Examinations," Journal of Financial Services Research, Springer, vol. 14(2), pages 117-144, October. [Downloadable!] (restricted)
    Other versions:
  4. Fernando Gonzalez & François Haas & Ronald Johannes & Mattias Persson & Liliana Toledo & Roberto Violi & Martin Wieland & Carmen Zins, 2004. "Market dynamics associated with credit ratings - a literature review," Occasional Paper Series 16, European Central Bank. [Downloadable!]
  5. Allen N. Berger & Margaret K. Kyle & Joseph M. Scalise, 2000. "Did U.S. Bank Supervisors Get Tougher During the Credit Crunch? Did They Get Easier During the Banking Boom? Did It Matter to Bank Lending?," NBER Working Papers 7689, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  6. Gunter Löffler, 2002. "Avoiding the rating bounce: Why rating agencies are slow to react to new information," Working Paper Series: Finance and Accounting 97, Department of Finance, Goethe University Frankfurt am Main. [Downloadable!]
  7. João Santos, 1998. "Commercial Banks in the Securities Business: A Review," Journal of Financial Services Research, Springer, vol. 14(1), pages 35-60, July. [Downloadable!] (restricted)
    Other versions:
  8. Richard Followill & Terrence Martell, 1997. "Bond review and rating change announcements: An examination of informational value and market efficiency," Journal of Economics and Finance, Springer, vol. 21(2), pages 75-82, June. [Downloadable!] (restricted)
  9. Reisen, Helmut & von Maltzan, Julia, 1998. "Sovereign Credit Ratings, Emerging Market Risk and Financial Market Volatility," Discussion Paper Series 26222, Hamburg Institute of International Economics. [Downloadable!]
    Other versions:
  10. Allen N. Berger & Sally M. Davies & Mark J. Flannery, 1998. "Comparing market and supervisory assessments of bank performance: who knows what when?," Finance and Economics Discussion Series 1998-32, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
    Other versions:
  11. Giovanni Ferri & Andrea Morone, 2008. "The Effect of Rating Agencies on Herd Behaviour," series 0022, Dipartimento di Scienze Economiche - Università di Bari, revised Nov 2008. [Downloadable!]
    Other versions:
  12. Norden, Lars & Weber, Martin, 2004. "Informational Efficiency of Credit Default Swap and Stock Markets: The Impact of Credit Rating Announcements," CEPR Discussion Papers 4250, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  13. Fulop, Andras, 2006. "Feedback Effects of Rating Downgrades," ESSEC Working Papers DR 06016, ESSEC Research Center, ESSEC Business School. [Downloadable!]
  14. Mendoza-Velazquez, Alfonso, 2009. "The Information Content and Redistribution Effects of State and Municipal Rating Changes in Mexico," Economics Discussion Papers 2009-17, Kiel Institute for the World Economy. [Downloadable!]
  15. Antonio Di Cesare, 2006. "Do market-based indicators anticipate rating agencies? Evidence for international banks," Temi di discussione (Economic working papers) 593, Bank of Italy, Economic Research Department. [Downloadable!]
    Other versions:
  16. Christina E. Bannier & Christian Hirsch, 2008. "The Economics of Rating Watchlists: Evidence from Rating Changes," Working Paper Series: Finance and Accounting 184, Department of Finance, Goethe University Frankfurt am Main. [Downloadable!]
  17. Aaron Crabtree & John Maher, 2005. "Earnings Predictability, Bond Ratings, and Bond Yields," Review of Quantitative Finance and Accounting, Springer, vol. 25(3), pages 233-253, November. [Downloadable!] (restricted)
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