IMPACT OF CREDIT RATINGS ON STOCK RETURNS
This study investigates whether a change in credit ratings lead to a change in daily excess stock returns. The sample includes daily stock price data for US firms listed on the Standard & Poor’s 500 from January 2006 to December 2015. Firms’ excess stock returns are compared with the market in a...
| Main Authors: | , , |
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| Format: | Article |
| Language: | Indonesian |
| Published: |
Bank Indonesia
2019-02-01
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| Series: | Bulletin Ekonomi Moneter dan Perbankan |
| Subjects: | |
| Online Access: | https://www.bmeb-bi.org/index.php/BEMP/article/view/986 |