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〈Articles〉The effect of rating change information on stock prices in Japan
https://kindai.repo.nii.ac.jp/records/12042
https://kindai.repo.nii.ac.jp/records/12042c4b7e8bd-5f6f-42ae-9221-8c2596d00d9a
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
AN10437975-20070731-0017.pdf (1.2 MB)
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| Item type | ☆紀要論文 / Departmental Bulletin Paper(1) | |||||||||||
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| 公開日 | 2013-11-02 | |||||||||||
| タイトル | ||||||||||||
| タイトル | 〈Articles〉The effect of rating change information on stock prices in Japan | |||||||||||
| 言語 | en | |||||||||||
| 著者 |
勝田, 英紀
× 勝田, 英紀
× Ma, Wenjie
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| 言語 | ||||||||||||
| 言語 | eng | |||||||||||
| キーワード | ||||||||||||
| 主題 | rating agencies, rating change, announcement effect, stock prices, information asymmetry | |||||||||||
| 資源タイプ | ||||||||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_6501 | |||||||||||
| 資源タイプ | departmental bulletin paper | |||||||||||
| アクセス権 | ||||||||||||
| アクセス権 | metadata only access | |||||||||||
| アクセス権URI | http://purl.org/coar/access_right/c_14cb | |||||||||||
| 著者(英) | ||||||||||||
| 言語 | en | |||||||||||
| 値 | Katsuda, Hideki | |||||||||||
| 著者 所属 | ||||||||||||
| 値 | 近畿大学経営学部; 准教授 | |||||||||||
| 著者 所属 | ||||||||||||
| 値 | 上海財経大学現代金融研究中心 | |||||||||||
| 著者所属(翻訳) | ||||||||||||
| 値 | Kinki University | |||||||||||
| 出版者 名前 | ||||||||||||
| 出版者 | 近畿大学商経学会 | |||||||||||
| 書誌情報 |
商経学叢 en : Shokei - Gakuso The Journal of Business Administration and Marketing Strategy 巻 54, 号 1, p. 17-40, 発行日 2007-07-01 |
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| ISSN | ||||||||||||
| 収録物識別子タイプ | ISSN | |||||||||||
| 収録物識別子 | 04502825 | |||||||||||
| 抄録 | ||||||||||||
| 内容記述タイプ | Abstract | |||||||||||
| 内容記述 | 【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 corporate rating. The data consist of all companies listed on the Tokyo Stock Exchange with corporate rating given by Moody's, S & P, JCR and R & I. With regarding to the methodology, we examine the above communicative function by dividing two groups: those with increasing and decreasing leverage at the moment of announcement of rating changes. As the result, the market reaction to rating changes is divergent from each rating agency. | |||||||||||
| 目次 | ||||||||||||
| 内容記述タイプ | Other | |||||||||||
| 内容記述 | 【Contents】1.Introduction, 2.Methodology, 3.Data, 4.Analyses 4.1.Impact of Rating Changes; Time series analysis 4.2.Cross section analysis, 5.Conclusions | |||||||||||
| 内容記述 | ||||||||||||
| 内容記述タイプ | Other | |||||||||||
| 内容記述 | 【注記】商学編 | |||||||||||
