Abad, Pilar; Robles Fernandez, M. Dolores; Diaz, Antonio - Facultad de Ciencias Económicas y Empresariales, … - 2011
The influence of rating announcements on corporate debt market trading has been previously overlooked. Based on an event study, we examine the effects of the three types of announcements provided by credit rating agencies on abnormal trading volume and trading frequency in the Spanish corporate...