Calcagno, Peter T.; Benefield, Justin D. - In: Journal of Financial Economic Policy 5 (2013) 1, pp. 72-85
Purpose – The purpose of this paper is to show that state economic policies, in addition to state economic performance, impact state bond ratings. Design/methodology/approach – Using a sample of 39 states over the period 1998-2008, regression analysis is employed to determine whether various...