Hirsch, Christian (contributor); … - 2007
@finance.uni-frankfurt.de
†
Commerzbank Professor of Corporate Finance / SME Finance, Frankfurt School of Finance and
Management, Sonnemannstr. 9-11, 60314 … find that
management quality and financial flexibility seem to be the main criteria for watchlist
addition versus direct …), to the best of our knowledge, are the first
to directly compare the market effects of rating changes that were preceded …