Title:

The Real Effects of Credit Ratings: The Sovereign Ceiling Channel

Authors:

Heitor Almeida (U Illinois)
Igor Cunha (U Nova)
Miguel Almeida Ferreira (U Nova, ECGI)
Felipe Restrepo (U Western Ontario)

Journal:

Journal of Finance

Year:

2017

Volume:

72

Number:

1

Pages:

249-290

JEL codes:

E44 - Financial Markets and the Macroeconomy
D21 - Firm Behavior
G14 - Information and Market Efficiency; Event Studies
G24 - Investment Banking; Venture Capital; Brokerage; Rating Agencies
G31 - Capital Budgeting; Fixed Investment and Inventory Studies
G32 - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure