Aktan, Bora; Çelik, Şaban; Abdulla, Yomna; … - In: ISRA International Journal of Islamic Finance 11 (2019) 2, pp. 226-245
issue less net debt relative to equity post a change in the broad credit ratings level (e.g. a change from A- to BBB+). The … findings also show that firms are less concerned by notch ratings change as long the firms remain the same broad credit rating … one conducted on other regions of the world. The results highlight the importance of credit ratings for the decision …