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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.
Please use this url to cite or link to this publication:
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}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{The Power of Credit Ratings - A study of credit rating changes’ effects on essential firm aspects}},
  year         = {{2014}},
}