Tag Archives: capital supply

The Initial and Subsequent Credit Rating Effects of Acquisitions

By | July 21, 2021

The financial system has developed several mechanisms to align interests of managers and investors. Our study focuses on one such mechanism—credit rating agencies. The financial crisis of 2008 highlighted the importance of well-functioning credit rating agencies. The failure of credit rating agencies during the crisis was a focus of the Dodd-Frank Act of 2010 (“Dodd-Frank”),… Read More »