Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 2005 erstellt
Beschreibung:
This paper finds that firms with large asset opaqueness problems are more likely to receive split bond ratings from Moody's and Samp;P rating agencies, split rated bonds and bond with more opaque assets are more likely to have rating changes in the future. These results imply a causal link between asset opaqueness, split ratings and rating changes