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Showing 1 to 1 of 1 for “"Credit rating, risk-taking, propensity score, managerial incentives"”.
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Effects of credit rating change on risk-taking
… thesis investigates whether there are changes in risk-taking behavior following an upgrade or downgrade in credit ratings. Research on effects of rating changes on capital markets is well-documented but the literature on how rating changes may affect firm behavior is sparse. Following, a downgrade …