How do European stocks react to rating actions issued by Rating Agencies' Since rating agencies process private information and spread it on financial markets through upgrades and downgrades, stock investors should react to rating announcements conveying good or bad news. Using a Pan-European...

How do European stocks react to rating actions issued by Rating Agencies using a Pan-European sample of more than 500 credit rating changes released by Moody's in the period 2002-2007 we show that the reaction to rating changes is asymmetric. Downgrades negatively affect equity value and...

A number of dramatic changes are currently reshaping infrastructure, a sector that investors and asset managers have traditionally considered to be a safe harbor in the field of alternative investments. Understanding the future of infrastructure is indispensable to guaranteeing a sustainable...

A number of dramatic changes are currently reshaping infrastructure, a sector that investors and asset managers have traditionally considered to be a safe harbor in the field of alternative investments. Understanding the future of infrastructure is indispensable to guaranteeing a sustainable...