Dittrich, Fabian (contributor) - 2007
credit spreads. The crucial concept here is the ‘price pressure hypothesis’ (Micu et al.
2006, p. 5).
Newer studies often … there have been a great number of studies, the ex-
act information value of credit ratings remains an open question.
Since … other negative events have been far smaller. Studies differ depending on reac-
tions to positive rating events or rating …