Kemper, Kristopher J.; Rao, Ramesh P. - In: Applied Economics Letters 20 (2013) 13, pp. 1202-1205
We study the capital structure reactions of firms that have been added to Standard & Poor's (S&P's) CreditWatch list in order to test the role of credit ratings in firm financial decisions. Survey evidence by Graham and Harvey (2001) indicates that Chief Financial Officers (CFOs) consider credit...
