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The Dodd–Frank Act (Section 939B) enacted in 2010 repealed the exemption of credit rating agencies (CRAs) from Regulation Fair Disclosure.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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| Main Authors: | , , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2019
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| Subjects: | |
| 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 |