Are bond ratings informative? Evidence from regulatory regime changes

Are bond ratings informative? Evidence from regulatory regime changes

The Dodd–Frank Act (Section 939B) enacted in 2010 repealed the exemption of credit rating agencies (CRAs) from Regulation Fair Disclosure. Testing whether CRAs continue to provide new information to the market after the repeal, the authors find that the significant prerepeal stock price responses to...

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Bibliographic Details
Main Authors: EDERINGTON, Louis H., GOH, Jeremy C., LEE, Yen Teik, YANG, Lisa Zongfei
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2019
Subjects:
Fixed income and structured finance
information providers/credit ratings
Finance and Financial Management
Portfolio and Security Analysis
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/6437
https://ink.library.smu.edu.sg/context/lkcsb_research/article/7436/viewcontent/Are_bond_ratings_informative_sv.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/lkcsb_research/6437
https://ink.library.smu.edu.sg/context/lkcsb_research/article/7436/viewcontent/Are_bond_ratings_informative_sv.pdf

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