The Effect of Credit Rating Changes on Common Stock Return-Evidence from the UK Market
This paper works to study the abnormal price impact from the long-term issuers’ credit rating change announcement on the issuers’ stock in UK market in 2010-2018. Using a standard event study method, we employ several tests statistics on the excess return around the rating change date. The significa...
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2019
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| Online Access: | https://eprints.nottingham.ac.uk/57427/ |