Bond Rating Agencies and Stock Analysts: Who Knows What When?

Both bond ratings agencies and stock analysts evaluate publicly traded companies and communicate their opinions to investors. Comparing the timelines of each, it is found that Granger causality flows both ways. While most bond downgrades are preceded by declines in actual and forecasting earnings, b...

Full description

Saved in:
Bibliographic Details
Main Authors: EDERINGTON, Louis H., GOH, Jeremy C.
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 1998
Subjects:
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/2200
https://ink.library.smu.edu.sg/context/lkcsb_research/article/3199/viewcontent/BondRatingAgenciesStockAnalysts_1996_pp.pdf
Tags: Add Tag
No Tags, Be the first to tag this record!
Institution: Singapore Management University
Language: English