Berger, Allen N.; Espinosa-Vega, Marco A.; Frame, W. Scott - Federal Reserve Board (Board of Governors of the … - 2004
informational asymmetries are expected to be the greatest.
Some empirical studies examine the effects of reduced informational … Flannery’s and Diamond’s models
Several studies examine the relationship between risk ratings and firm debt maturity structure …’s predicted nonmonotonic
relationship. Subsequent studies by Stohs and Mauer (1996) using bond ratings for publicly traded …