RT Report
T1 Determinants of trading activity after rating actions in the Corporate Debt Market
A1 Abad Romero, Pilar
A1 Diaz, Antonio
A1 Robles Fernández, María Dolores
AB The influence of rating announcements on corporate debt market trading has been previously overlooked. Based on an event study, we examine the effects of the three types of announcements provided by credit rating agencies on abnormal trading volume and trading frequency in the Spanish corporate debt market. Additionally, by means of cross-section regressions, we establish what factors determine the sign and intensity of the trading reactions. The presented results indicate that factors related to the characteristics of the rating announcement, the issuing company and the economic environment are relevant in light of several hypotheses.
PB Instituto Complutense de Análisis Económico. Universidad Complutense de Madrid
YR 2011
FD 2011
LK https://hdl.handle.net/20.500.14352/49041
UL https://hdl.handle.net/20.500.14352/49041
LA eng
DS Docta Complutense
RD 17 abr 2025