{"created":"2023-06-20T16:40:38.011714+00:00","id":10939,"links":{},"metadata":{"_buckets":{"deposit":"bd2696d9-523b-417b-a420-545391265070"},"_deposit":{"created_by":3,"id":"10939","owners":[3],"pid":{"revision_id":0,"type":"depid","value":"10939"},"status":"published"},"_oai":{"id":"oai:kindai.repo.nii.ac.jp:00010939","sets":["14:923:1023:1065","21:3039:3527:3542"]},"author_link":["21108","21109"],"item_2_alternative_title_3":{"attribute_name":"その他（別言語等）のタイトル","attribute_value_mlt":[{"subitem_alternative_title":"〈Articles〉Comparison Study on the Communicative Function of Rating Information of American and Japanese Rating Agencies"}]},"item_2_biblio_info_21":{"attribute_name":"書誌情報","attribute_value_mlt":[{"bibliographicIssueDates":{"bibliographicIssueDate":"2007-03-01","bibliographicIssueDateType":"Issued"},"bibliographicIssueNumber":"3","bibliographicPageEnd":"79","bibliographicPageStart":"61","bibliographicVolumeNumber":"4","bibliographic_titles":[{"bibliographic_title":"生駒経済論叢"},{"bibliographic_title":"Ikoma Journal of Economics","bibliographic_titleLang":"en"}]}]},"item_2_description_33":{"attribute_name":"抄録","attribute_value_mlt":[{"subitem_description":"[概要]本稿は, 日本で最も格付が厳しいと言われている米国系格付機関のS&P (Standard and Poor's)と日本で最も格付件数が多いR & I (Rating and Investment Information; 格付投資情報センター) の2格付機関が格付を付与している東京証券取引所上場企業のうち, 格付変更のある全企業を対象として,格付変更のアナウンスメント効果を検定することにより格付の情報伝達機能を検討した。格付変更日前後の関連ニュースをコントロールした上で分析した結果, S&P及びR&Iの行った格下げの情報に対し市場は統計的有意に反応し, さらに格付変更時の財務レバレッジの上げ下げによって,市場での反応は異なる。一方格上げについては,両格付機関とも有意な反応は見られなかった。またS&Pにおいて, 依頼格付の格下げは, 勝手格付の格下げと比較し市場により大きなインパクトをもたらしている。     [Abstract] Corporate ratings were originally known to investors as an index for the investment of fixed income securities. Such ratings ranked the degree of market risk of corporate bonds based on the public information. This paper aims to evaluate the communicative function of rating information by using the data of companies which are assigned a corporate rating. The data consist of all companies listed on the Tokyo Stock Exchange with corporate rating given by American Rating Agency (S & P ; Standard and Poor's) and the Japanese Rating Agency (R & I ; Rating and Information). With regarding to the methodology, we examine the above communicative function by creating two groups : those with increasing and decreasing leverage at the moment of announcement of rating changes. Results show the market reaction to rating changes is different from each rating agency.","subitem_description_type":"Abstract"}]},"item_2_publisher_14":{"attribute_name":"出版者 名前","attribute_value_mlt":[{"subitem_publisher":"近畿大学経済学会"}]},"item_2_source_id_22":{"attribute_name":"ISSN","attribute_value_mlt":[{"subitem_source_identifier":"13488686","subitem_source_identifier_type":"ISSN"}]},"item_2_text_7":{"attribute_name":"著者(英)","attribute_value_mlt":[{"subitem_text_language":"en","subitem_text_value":"Katsuda, Hideki"},{"subitem_text_language":"en","subitem_text_value":"Ma, Wenjie"}]},"item_2_text_8":{"attribute_name":"著者 所属","attribute_value_mlt":[{"subitem_text_value":"近畿大学経済学部; 助教授"},{"subitem_text_value":"上海財経大学現代金融研究中心; 助教授"}]},"item_2_text_9":{"attribute_name":"著者所属(翻訳)","attribute_value_mlt":[{"subitem_text_value":"Kinki University"}]},"item_access_right":{"attribute_name":"アクセス権","attribute_value_mlt":[{"subitem_access_right":"metadata only access","subitem_access_right_uri":"http://purl.org/coar/access_right/c_14cb"}]},"item_creator":{"attribute_name":"著者","attribute_type":"creator","attribute_value_mlt":[{"creatorNames":[{"creatorName":"勝田,  英紀"},{"creatorName":"カツダ, ヒデキ","creatorNameLang":"ja-Kana"}],"nameIdentifiers":[{}]},{"creatorNames":[{"creatorName":"馬,  文傑"}],"nameIdentifiers":[{}]}]},"item_keyword":{"attribute_name":"キーワード","attribute_value_mlt":[{"subitem_subject":"格付機関","subitem_subject_scheme":"Other"},{"subitem_subject":"格付変更","subitem_subject_scheme":"Other"},{"subitem_subject":"アナウンスメント効果","subitem_subject_scheme":"Other"},{"subitem_subject":"株価","subitem_subject_scheme":"Other"},{"subitem_subject":"情報の非対称性","subitem_subject_scheme":"Other"},{"subitem_subject":"Rating Agencies","subitem_subject_scheme":"Other"},{"subitem_subject":"Rating Change","subitem_subject_scheme":"Other"},{"subitem_subject":"Announcement Effect","subitem_subject_scheme":"Other"},{"subitem_subject":"Stock Prices","subitem_subject_scheme":"Other"},{"subitem_subject":"Information Asymmetry","subitem_subject_scheme":"Other"}]},"item_language":{"attribute_name":"言語","attribute_value_mlt":[{"subitem_language":"jpn"}]},"item_resource_type":{"attribute_name":"資源タイプ","attribute_value_mlt":[{"resourcetype":"departmental bulletin paper","resourceuri":"http://purl.org/coar/resource_type/c_6501"}]},"item_title":"〈論文〉日本の株式市場における日米格付機関の情報伝達機能の比較","item_titles":{"attribute_name":"タイトル","attribute_value_mlt":[{"subitem_title":"〈論文〉日本の株式市場における日米格付機関の情報伝達機能の比較"}]},"item_type_id":"2","owner":"3","path":["1065","3542"],"pubdate":{"attribute_name":"公開日","attribute_value":"2013-07-26"},"publish_date":"2013-07-26","publish_status":"0","recid":"10939","relation_version_is_last":true,"title":["〈論文〉日本の株式市場における日米格付機関の情報伝達機能の比較"],"weko_creator_id":"3","weko_shared_id":-1},"updated":"2023-06-20T23:36:35.692006+00:00"}