Abad, Pilar; Robles Fernandez, M. Dolores; Cuervo, Gare - Facultad de Ciencias Económicas y Empresariales, … - 2013
This study examines the existing relationship between announcements of debt rating changes for companies listed on the Spanish stock exchange and the liquidity of their stocks for the period of 2000 to 2010. Liquidity around the announcement day is analyzed using different liquidity measures...