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The Power of Credit Ratings - A study of credit rating changes’ effects on essential firm aspects

Høgheim, Victoria LU ; Bjørndalen, Fanny Andrea LU ; Nilsson, Johanna LU and Svensson, Marielle LU (2014) FEKH89 20141
Department of Business Administration
Abstract (Swedish)
The aim of this study is to empirically examine how a change in credit rating affects three specific firm aspects: capital structure, valuation and performance. We want to extend the scope of previous research by examining whether US firms change their capital structure after a change in its Broad rating. We will also investigate whether a change in firms’ long-term ratings has an effect on firm valuation and performance.
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author
Høgheim, Victoria LU ; Bjørndalen, Fanny Andrea LU ; Nilsson, Johanna LU and Svensson, Marielle LU
supervisor
organization
course
FEKH89 20141
year
type
M2 - Bachelor Degree
subject
keywords
Credit ratings, capital structure, financial ratios, valuation, performance
language
English
id
4523371
date added to LUP
2014-07-02 18:09:36
date last changed
2014-07-02 18:09:36
@misc{4523371,
  abstract     = {The aim of this study is to empirically examine how a change in credit rating affects three specific firm aspects: capital structure, valuation and performance. We want to extend the scope of previous research by examining whether US firms change their capital structure after a change in its Broad rating. We will also investigate whether a change in firms’ long-term ratings has an effect on firm valuation and performance.},
  author       = {Høgheim, Victoria and Bjørndalen, Fanny Andrea and Nilsson, Johanna and Svensson, Marielle},
  keyword      = {Credit ratings,capital structure,financial ratios,valuation,performance},
  language     = {eng},
  note         = {Student Paper},
  title        = {The Power of Credit Ratings - A study of credit rating changes’ effects on essential firm aspects},
  year         = {2014},
}