Hsu, Wei-Huei; Mamun, Abdullah; Rose, Lawrence C. - In: Studies in Economics and Finance 27 (2010) October, pp. 340-357
implication or is downgraded. Findings – Firms which are certified and monitored by high-quality banks are less susceptible to …Purpose – This paper seeks to examine whether the market values the monitoring activity undertaken by a quality bank in … the presence of a credit rating agency. Specifically, the question is asked whether the quality of a lead lending bank …
