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Private placement debt issues are more effective than public bonds in resolving information asymmetries and controlling moral hazard problems. Firms that issue only private placements (non-switchers) are found to have more information problems than firms that have access to the public bond...
Persistent link: https://www.econbiz.de/10005078237
these ratings that combines supervisory and securities market data. We find that securities market variables, such as BHC … with securities market data identifies additional ratings downgrades, which supervisors would probably value enough to …
Persistent link: https://www.econbiz.de/10005721464
The market for U.S. Treasury securities operates around-the-clock from the three main trading centers of Tokyo, London …
Persistent link: https://www.econbiz.de/10005401568
these ratings that combines supervisory and securities market data. We find that securities market variables, such as BHC … with securities market data identifies additional ratings downgrades, which supervisors would probably value enough to …
Persistent link: https://www.econbiz.de/10010702183