Chen, Sheng-Syan; Chen, Hsien-Yi; Chang, Chong-Chuo; … - In: Journal of Banking & Finance 37 (2013) 12, pp. 4820-4833
Sovereign credit rating changes have an influence on real private investment of re-rated countries. We find significant increases in private investment growth following upgrades in sovereign ratings. These increases, however, are transitory. We also find significant, temporary declines in...