This study explores the existence of inefficiencies in catastrophe (CAT) bond secondary
markets by investigating the impact of sponsor characteristics on the CAT bond premium …

We analyze the effect of business and financial market cycles on credit ratings using a
sample of firms from the Russell 3000 index that are rated by Standard and Poor's over the …

Using a comprehensive US rating sample from S&P between 1981 and 2015, we examine
the information content, responsiveness to credit risk and recovery efforts associated with …

This paper analyzes the importance of distinguishing between watch-preceded and direct
rating changes for the credit default swap (CDS) market by examining a total of 2991 rating …

An empirical study was conducted to determine the impact of different types of risk on the
performance management of credit rating agencies (CRAs). The different types of risks were …

This paper explores the impact of firm-specific investor sentiment (henceforth FSIS) on stock
market returns around the announcement of credit rating changes. We find that FSIS …

Due to the increasing relevance of natural catastrophes as a significant global source of risk
and the capacity constraints in primary insurance and reinsurance markets, CAT bonds have …

This research explores on the credit ratings credibility despite the Credit Rating Agencies
(CRAs) are heavily criticized to precipitate financial turbulence for misrepresenting risks, as …

This paper employs meta-analysis methodology to reconcile the diverse international
empirical evidence on the effects of bond rating announcements on the stock prices of the …

This thesis studies the impact of firm-specific investor sentiment on stock price reactions to
events; earnings surprises, dividend changes, and credit rating changes. The first empirical …