Xu, Qian; Wu, Yuhui; Zhai, Lingling - In: Nankai Business Review International 12 (2021) 4, pp. 553-573
Purpose: The purpose of this paper is to examine how credit ratings affect corporate financial behavior from the perspective of merger and acquisition (M&A) decisions. The goal is to test the financing and supervisory effects of credit ratings and study the economic consequences of credit...