The effect of corporate credit rating changes on UK common stock returns

Credit ratings play an essential role in the UK financial market, and their changes can convey information to affect the stock returns. This paper studies the impact of corporate credit rating changes on UK stock returns instead of bond rating revisions. We adopt the event study method to analyze 28...

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Bibliographic Details
Main Author: Zhang, Huizhong
Format: Dissertation (University of Nottingham only)
Language:English
Published: 2020
Online Access:https://eprints.nottingham.ac.uk/62793/