Bannier, Christina E.; Hirsch, Christian - 2009 - This version: June 26, 2009
active monitoring function. -- Credit Rating Agencies ; Credit Rating ; Watchlist ; Rating Review ; Market Reaction ; Event …;
Market Reaction; Event Study
JEL: G14, G29, G33
∗Goethe-University Frankfurt, Department of Economics and Business … provision by credit
rating agencies. With seminal studies in the late 1980s and early 1990s (Holthausen and
Leftwich, 1986; Hand …