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- W2071997583 abstract "Abstract This study presents the first empirical analysis of the impact of bond ratings changes during periods of significant economic instability. Using the Korean financial crisis as the experimental stimulus, the study documents that changes in Korean bond ratings during the financial crisis resulted in dramatically stronger changes in stock prices than ratings changes of identical magnitude announced either before or after the crisis." @default.
- W2071997583 created "2016-06-24" @default.
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- W2071997583 date "2006-01-01" @default.
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- W2071997583 title "Corporate bond ratings changes and economic instability: Evidence from the Korean financial crisis" @default.
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- W2071997583 doi "https://doi.org/10.1016/j.econlet.2005.04.003" @default.
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