Merli, Maxime; Schatt, Alain - Laboratoire de Recherche en Gestion (LaRGE), Institut … - 2003
The object of this paper is to study the impact of successive changes in ratings of a leading firm on competitors of … ratings on the value of the firms and on the other hand, the contagion effects associated with the report of bad news. The … analysis of the successive downgrading of the ratings of Alcatel, world leader in the telecommunications infrastructure allows …