Purpose This study aims to provide an objective analysis of the state-of-the-art and
intellectual development of publications related to event study methodology in business …

We document the ability of the credit default swap (CDS) market to anticipate favorable as
well as unfavorable credit rating change (RC) announcements based on more extensive …

This paper analyses the effects of sovereign rating actions on the credit ratings of banks in
emerging markets, using a sample from three global rating agencies across 54 countries for …

In this paper we employ a new approach to test the contribution of information in rating
announcements. This is the first study to test and corroborate how the CDS market responds …

The ongoing financial crisis has drawn considerable attention to the role of credit rating
agencies in the financial system. We examine how the foreign exchange market reacts to …

In this topical book, Boudewijn de Bruin examines the ethical'blind spots' that lay at the heart
of the global financial crisis. He argues that the most important moral problem in finance is …

This paper critically reviews the debate on CRAs and, in the light thereof, analyses the
European regulatory approach to CRAs, thereby combining insights from economics and …

We test whether ratings are comparable across asset classes. We examine default rates by
initial rating, accuracy ratios, migration metrics, instantaneous upgrade and downgrade …

We examine whether Standard & Poor's (S&P) credit rating action reports contain new
default-related information beyond credit rating actions such as rating changes, credit watch …

Purpose This study examines the effect of the informational content of local credit rating
announcements in emerging markets on the liquidity of their bond markets. This study …