FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W2568411352> ?p ?o ?g. }

• W2568411352 abstract "AbstractWe study the information content of issuer credit rating changes announced by a group of six Chinese credit rating agencies. We conduct an event study, and we use multivariate regression analyses to identify factors driving abnormal stock returns. Our results confirm prior findings for Western countries that downgrades are associated with significant negative abnormal returns. However, upgrades and positive or negative rating outlooks do not seem to have information content. While we cannot find differences in information content conditional on which rating agency issues the downgrade, we find that abnormal returns may vary with the target firm’s industry. In addition, the magnitude of stock price reactions to rating downgrades seems to be related to the business cycle to some extent. With respect to the role of the industry in explaining the information content of rating changes, our results may be biased due to small sample size. Nevertheless, they illustrate that the role the industry plays in explaining investor behavior may deserve special attention in future research. Our findings imply that new rating information seems to be processed quickly in the Chinese stock market, and that market reactions to rating signals are largely in line with what has been observed for Western stock markets. Both observations lend credibility to observable stock prices. The chapter sheds new light on the relevance of Chinese credit rating agencies from an equity investor’s perspective and confirms similarities between the Chinese and Western stock markets with respect to the way rating signals are processed by investors." @default.
• W2568411352 created "2017-01-13" @default.
• W2568411352 creator A5023390927 @default.
• W2568411352 creator A5075917281 @default.
• W2568411352 date "2016-12-29" @default.
• W2568411352 modified "2023-09-23" @default.
• W2568411352 title "The Informational Content of Issuer Credit Rating Changes in Emerging Stock Markets: Evidence from China" @default.
• W2568411352 cites W1993776928 @default.
• W2568411352 cites W1994368223 @default.
• W2568411352 cites W2031656123 @default.
• W2568411352 cites W2033910434 @default.
• W2568411352 cites W2041898654 @default.
• W2568411352 cites W2052481030 @default.
• W2568411352 cites W2054878113 @default.
• W2568411352 cites W2061998345 @default.
• W2568411352 cites W2066848285 @default.
• W2568411352 cites W2071339473 @default.
• W2568411352 cites W2077624569 @default.
• W2568411352 cites W2079255210 @default.
• W2568411352 cites W2083123133 @default.
• W2568411352 cites W2087758894 @default.
• W2568411352 cites W2090221632 @default.
• W2568411352 cites W2091182763 @default.
• W2568411352 cites W2092597983 @default.
• W2568411352 cites W2118641185 @default.
• W2568411352 cites W2127680079 @default.
• W2568411352 cites W2128778916 @default.
• W2568411352 cites W3122788129 @default.
• W2568411352 cites W3123050911 @default.
• W2568411352 cites W3123475113 @default.
• W2568411352 cites W3123574039 @default.
• W2568411352 cites W3124478390 @default.
• W2568411352 cites W3124580702 @default.
• W2568411352 cites W3125882657 @default.
• W2568411352 doi "https://doi.org/10.1108/978-1-78635-452-520161023" @default.
• W2568411352 hasPublicationYear "2016" @default.
• W2568411352 type Work @default.
• W2568411352 sameAs 2568411352 @default.
• W2568411352 citedByCount "1" @default.
• W2568411352 countsByYear W25684113522020 @default.
• W2568411352 crossrefType "book-chapter" @default.
• W2568411352 hasAuthorship W2568411352A5023390927 @default.
• W2568411352 hasAuthorship W2568411352A5075917281 @default.
• W2568411352 hasConcept C10138342 @default.
• W2568411352 hasConcept C106159729 @default.
• W2568411352 hasConcept C121087249 @default.
• W2568411352 hasConcept C127413603 @default.
• W2568411352 hasConcept C12958728 @default.
• W2568411352 hasConcept C138170105 @default.
• W2568411352 hasConcept C144133560 @default.
• W2568411352 hasConcept C1453916 @default.
• W2568411352 hasConcept C151730666 @default.
• W2568411352 hasConcept C162118730 @default.
• W2568411352 hasConcept C162324750 @default.
• W2568411352 hasConcept C17744445 @default.
• W2568411352 hasConcept C178350159 @default.
• W2568411352 hasConcept C199539241 @default.
• W2568411352 hasConcept C199728807 @default.
• W2568411352 hasConcept C204036174 @default.
• W2568411352 hasConcept C205208723 @default.
• W2568411352 hasConcept C24308983 @default.
• W2568411352 hasConcept C2779343474 @default.
• W2568411352 hasConcept C2779628075 @default.
• W2568411352 hasConcept C2780299701 @default.
• W2568411352 hasConcept C2780762169 @default.
• W2568411352 hasConcept C38652104 @default.
• W2568411352 hasConcept C41008148 @default.
• W2568411352 hasConcept C78519656 @default.
• W2568411352 hasConcept C86803240 @default.
• W2568411352 hasConceptScore W2568411352C10138342 @default.
• W2568411352 hasConceptScore W2568411352C106159729 @default.
• W2568411352 hasConceptScore W2568411352C121087249 @default.
• W2568411352 hasConceptScore W2568411352C127413603 @default.
• W2568411352 hasConceptScore W2568411352C12958728 @default.
• W2568411352 hasConceptScore W2568411352C138170105 @default.
• W2568411352 hasConceptScore W2568411352C144133560 @default.
• W2568411352 hasConceptScore W2568411352C1453916 @default.
• W2568411352 hasConceptScore W2568411352C151730666 @default.
• W2568411352 hasConceptScore W2568411352C162118730 @default.
• W2568411352 hasConceptScore W2568411352C162324750 @default.
• W2568411352 hasConceptScore W2568411352C17744445 @default.
• W2568411352 hasConceptScore W2568411352C178350159 @default.
• W2568411352 hasConceptScore W2568411352C199539241 @default.
• W2568411352 hasConceptScore W2568411352C199728807 @default.
• W2568411352 hasConceptScore W2568411352C204036174 @default.
• W2568411352 hasConceptScore W2568411352C205208723 @default.
• W2568411352 hasConceptScore W2568411352C24308983 @default.
• W2568411352 hasConceptScore W2568411352C2779343474 @default.
• W2568411352 hasConceptScore W2568411352C2779628075 @default.
• W2568411352 hasConceptScore W2568411352C2780299701 @default.
• W2568411352 hasConceptScore W2568411352C2780762169 @default.
• W2568411352 hasConceptScore W2568411352C38652104 @default.
• W2568411352 hasConceptScore W2568411352C41008148 @default.
• W2568411352 hasConceptScore W2568411352C78519656 @default.
• W2568411352 hasConceptScore W2568411352C86803240 @default.
• W2568411352 hasLocation W25684113521 @default.
• W2568411352 hasOpenAccess W2568411352 @default.
• W2568411352 hasPrimaryLocation W25684113521 @default.
• W2568411352 hasRelatedWork W1780372933 @default.
• W2568411352 hasRelatedWork W1993776928 @default.

• next