Li, Huimin; Jeon, Bang Nam; Cho, Seong-Yeon; Chiang, … - In: Global Finance Journal 19 (2008) 1, pp. 46-55
This paper investigates the significance of changes in foreign currency sovereign credit ratings for both domestic and cross-country stock market returns of five Asian countries during the period from January 1990 to March 2003. Using the changes in sovereign credit ratings announced by Standard...