Information asymmetry and credit rating: A quasi-natural experiment from China

Citations

Cited by:

1. Cheng, Feiyang & Gao, Haoyu & Pan, Xiaofei & Qian, Meijun & Zhou, Qing (Clara), 2025. "China's debt market: Evolution, regulation, and global integration," Pacific-Basin Finance Journal, Elsevier, vol. 91(C).
2. Ruiz-Buforn, Alba & Camacho-Cuena, Eva & Morone, Andrea & Alfarano, Simone, 2021. "Overweighting of public information in financial markets: A lesson from the lab," Journal of Banking & Finance, Elsevier, vol. 133(C).
   • Ruiz-Buforn, Alba & Camacho-Cuena, Eva & Morone, Andrea & Alfarano, Simone, 2020. "Overweighting of public information in financial markets: A lesson from the lab," MPRA Paper 98472, University Library of Munich, Germany.
3. Hu, Xiaolu & Shi, Jing & Wang, Lafang & Yu, Jing, 2020. "Foreign ownership in Chinese credit ratings industry: Information revelation or certification?," Journal of Banking & Finance, Elsevier, vol. 118(C).
4. Wang, Jiazhen & Chen, Xin & Li, Xiaoxia & Yu, Jing & Zhong, Rui, 2020. "The market reaction to green bond issuance: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 60(C).
5. Wang, Tong & Zhao, Sheng & Zhou, Mengqiu, 2022. "Does soft information in expert ratings curb information asymmetry? Evidence from crowdfunding and early transaction phases of Initial Coin offerings," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 81(C).
6. Kakouris, Konstantinos & Charalambakis, Evangelos & Psychoyios, Dimitrios, 2025. "The devil is in the details: Does information in credit rating announcements affect dividend policy?," Global Finance Journal, Elsevier, vol. 67(C).
7. Wei Li, 2025. "Investor-Paid Credit Ratings and Managerial Information Disclosure," Management Science, INFORMS, vol. 71(3), pages 2142-2169, March.
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9. Xing, Hongwei & Wu, Tongtong, 2025. "The effect of third-party certification for green bonds: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 106(C).
10. Foley, Sean & Hu, Xiaolu & Huang, Haozhi & Li, Jiang, 2025. "Should underwriters be trusted? Reducing agency costs through primary market supervision," The British Accounting Review, Elsevier, vol. 57(3).
11. Li, Tangrong & Sun, Xuchu, 2023. "Is controlling shareholders' credit risk contagious to firms? — Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 77(C).
12. Quan M. P. Nguyen & Hung Xuan Do & Alexander Molchanov & Lily Nguyen & Nhut H. Nguyen, 2024. "Asymmetric trading responses to credit rating announcements from issuer‐ versus investor‐paid rating agencies," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 51(1-2), pages 84-112, January.
13. Ke Sun, 2022. "Do Rating Change Announcements Transfer Effective Information? Test on the Effectiveness and Sustainability of Credit Rating in China," Sustainability, MDPI, vol. 14(21), pages 1-15, October.
14. Zhang, Fan & Zhang, Jiewei & Wang, Zhuquan, 2024. "Government social capital and bond credit ratings," Economic Analysis and Policy, Elsevier, vol. 83(C), pages 845-857.
15. Liu, Yan, 2023. "Essays on credit rating agencies in China," Other publications TiSEM b54b3315-1185-48b8-aaf8-8, Tilburg University, School of Economics and Management.
16. Jiang, Fuxiu & Wang, Weiyi & Zheng, Xiaojia, 2024. "Board chair and credit rating of family firms: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 84(C).
17. Wang, Yuyue & Fang, Hongyan & Luo, Ronghua, 2022. "Does state ownership affect rating quality? Evidence from China's corporate bond market," Economic Modelling, Elsevier, vol. 111(C).
18. Hao, Jinxing & Zhang, Qi & Sun, Qian & Tian, Siyang, 2025. "The heart wants what it wants: Local bias and seasoned equity offerings bidding," International Review of Financial Analysis, Elsevier, vol. 108(PA).
19. Xiaolu Hu & Haoyi Luo & Zijin Xu & Jiang Li, 2021. "Intra‐industry spill‐over effect of default: Evidence from the Chinese bond market," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 61(3), pages 4703-4740, September.
20. Helmut Wasserbacher & Martin Spindler, 2024. "Credit Ratings: Heterogeneous Effect on Capital Structure," Papers 2406.18936, arXiv.org.
21. Wenming Xu & Yan Liu, 2021. "Does reputational capital affect credit rating agencies?: empirical evidence from a natural experiment in China," European Journal of Law and Economics, Springer, vol. 51(3), pages 433-468, June.
22. Li, Mingming & Fu, Xiaolei & Liu, Haiming, 2025. "The impact of non-punitive regulation on credit rating: Evidence from China," Economic Analysis and Policy, Elsevier, vol. 87(C), pages 2414-2436.
23. Li, Quan & Li, Tianshu & Zhang, Yuan, 2024. "ESG performance, heterogeneous creditors, and bond financing costs: Firm-level evidence," Finance Research Letters, Elsevier, vol. 66(C).
24. Wu, Weihong & Zhou, Hui & Huo, Zheng, 2025. "The effect of issuers’ digital transformation on bond rating quality: Evidence from China’s bond market," Research in International Business and Finance, Elsevier, vol. 79(C).
25. Hasan, Mostafa Monzur & Hossain, Ashrafee & Jiang, Haiyan, 2025. "Political sentiment and credit ratings," The British Accounting Review, Elsevier, vol. 57(3).
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