Are All Rivals Affected Equally by Bond Rating Downgrades?
We use revisions in analysts' earnings forecasts to examine how the bad news associated with a bond rating downgrade gets transferred from the downgraded company to its rivals. In general, we find that stock analysts revise their earnings expectations downward for rivals of companies with downg...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2003
|
| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/2206 https://ink.library.smu.edu.sg/context/lkcsb_research/article/3205/viewcontent/AreAllRivalsAffectedEqually_Caton_Goh_2003_av.pdf |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Institution: | Singapore Management University |
| Language: | English |