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The information content of Standard and Poors bank loan ratings : a thesis submitted in partial fulfillment of the requirements for the degree of Masters degree of Business Studies, Massey University
(Massey University, 2000)
Empirical work byJames (1987) and Lummer andMcConnell'(1988) among others has established Bank Credit announcements provoke abnormal equity market responses, particularly for firms displaying information asymmetry. This ...