Essays about: "Credit Rating Agency"

Showing result 1 - 5 of 11 essays containing the words Credit Rating Agency.

  1. 1. The Effects of Corporate Social Performance (CSP) on Credit Ratings - Evidence from the European Market

    University essay from Lunds universitet/Företagsekonomiska institutionen

    Author : Gustav Johannesson; Oscar Zedendahl; [2019]
    Keywords : Corporate Social Responsibility CSR ; Corporate Social Performance CSP ; ESG Factors; Credit Ratings; European Rating Market; Business and Economics;

    Abstract : Purpose: The purpose of this thesis is to fill the existing research gap in Europe by examining the effect of corporate social performance (CSP) on firms’ credit ratings. Methodology: Through a quantitative research strategy, we examine the relationship between CSP and firms’ credit rating using a fixed effects regressions analysis based on a panel data set. READ MORE

  2. 2. The Informational Value of Credit Rating Actions - The European Case of the Stock Market Reaction to Credit Rating Agencies' Announcements

    University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

    Author : Magdalena Bator; Karolina Kropa; [2018]
    Keywords : credit rating change; watch; outlook; credit rating agency;

    Abstract : The paper applies the event study methodology to investigate the impact of credit rating events including outlook, watch, and rating change announcements (rating events) on share prices in Europe. In general, statistically significant, however, weak market reaction to negative rating events is found. READ MORE

  3. 3. Earnings Management and the Cost of Publicly Issued Debt

    University essay from Lunds universitet/Företagsekonomiska institutionen

    Author : Patrik Wajnsztajn; Caroline Heintz; [2016]
    Keywords : Earnings management; bond yields; credit ratings; Credit rating agencies; IFRS.; Business and Economics;

    Abstract : The purpose of this study is to empirically test whether earnings management (both accruals-based and real) has an impact on the cost of public debt (approximated by credit ratings and bond yields) issued on the European bond market. Using a cross-sectional approach, accruals-based and real earnings management are estimated. READ MORE

  4. 4. Credit Rating Impact on Information Environment : A study on the informational impact of credit ratings in financial markets using equity analysts’ performance as proxy

    University essay from Linnéuniversitetet/Institutionen för ekonomistyrning och logistik (ELO); Linnéuniversitetet/Institutionen för ekonomistyrning och logistik (ELO)

    Author : William Boer; Gustaf Bylund; [2016]
    Keywords : Credit rating; credit rating agency; efficient market; EMH; CRA; BKLS; Credit rating analyst; financial crisis; rating shopping; Kreditbetyg; Kreditinstitut; Effektiva marknader; Marknadseffektivitet; EMH; CRA; BKLS; Analytiker; Kredit analyitker; finanskris;

    Abstract : Title: Credit Rating Impact on Information Environment – A study on the informational impact of credit ratings in financial markets using equity analysts’ performance as proxy. Introduction: The credit rating agencies provide risk assessment for a massive amount of financial assets around the world. READ MORE

  5. 5. Credit Rating Changes and Post-M&A Firm Value: Assessing the importance of credit ratings changes as a motive for successful M&A

    University essay from Lunds universitet/Företagsekonomiska institutionen

    Author : Cameron Andrews; Emiliano Varrasi; [2015]
    Keywords : Credit Rating; Credit Rating Agency; Mergers Acquisitions; Firm Value; Event Study; Long Term Operating Performance; M A; Credit Rating Change; Business and Economics;

    Abstract : This research shows the impact of credit rating change (thereafter CRC) announcements on the combined entities following mergers and acquisitions. In looking at the effect of CRC announcements on share prices, we measure the level of influence that a credit upgrade or downgrade has on the equity value of firms. READ MORE