The Influence of Rating Changes on Bonds Book PDF, ePub eBook

Join our eBook service for unlimited books & audiobooks. Get a free 7 day subscription! ↓↓↓↓↓


Book Descriptions:
Diploma Thesis from the year 2006 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1,3, Technical University of Darmstadt (Institut für Betriebswirtschaftslehre), 100 entries in the bibliography, language: English, abstract: Capital markets all over the world have undergone fundamental changes in the last twenty years and the most prominent developments have been: disintermediation and securitization, globalization and financial innovations. This process has been accelerated by worldwide deregulation tendencies, as well as progress and global proliferation of transactional data processing and transmission technology. The rational investor disposing of limited time and means for making a decision has been thus confronted with new challenges in a global environment dominated by almost infinite and very complex investment possibilities. Because of limited resources, private clients as well as institutional investors have been increasingly overwhelmed by internally assessing credit risk and have sought for additional evaluations from external specialists in order to build an opinion about the risk and return profile of an obligation . With this background, rating issued by major international rating agencies has come to play a key role in the making of investment decisions and in supervisory regulation. It is especially important in this context to understand the impact of rating changes on capital markets.
The influence of rating changes on bond prices is subject of controversial discussions. Despite the undisputable importance of rating in markets, the debate has been fueled by spectacular insolvencies of high rated companies, such as Enron, WorldCom and Parmalat. Accordingly, measuring and assessing the information content of ratings has been in the United States the object of intense theoretical and empirical research for decades, and the lively ongoing dispute surrounding the topic is far from being concluded. However, analyses on this subject were not initiated outside the US market until the last years. This is especially surprising in the context of international markets, with different accounting and investment regulations, where advantages of rating are even greater. The integration of national financial markets, Basel II impulses and the expansion of rating activities on global level have amplified the necessity of research in this field.
Therefore, it is of paramount importance for the future of the financial sector to thoroughly investigate information content of rating and its impact on securities prices in order to build a solid scientific foundation for this subject and to thus present a reliable frame of reference for the activities of financial markets.

The Influence of Rating Changes on Bonds by Alina Elena Negrila

From reader reviews:

Marcus Galvan:

Do you have favorite book? Should you have, what is your favorite's book? Book is very important thing for us to know everything in the world. Each book has different aim as well as goal; it means that reserve has different type. Some people really feel enjoy to spend their time and energy to read a book. They are reading whatever they consider because their hobby will be reading a book. Why not the person who don't like looking at a book? Sometime, man or woman feel need book once they found difficult problem or perhaps exercise. Well, probably you will want this The Influence of Rating Changes on Bonds.

Hazel Polk:

Now a day people that Living in the era exactly where everything reachable by talk with the internet and the resources inside it can be true or not require people to be aware of each info they get. How many people to be smart in receiving any information nowadays? Of course the solution is reading a book. Reading through a book can help persons out of this uncertainty Information specifically this The Influence of Rating Changes on Bonds book since this book offers you rich data and knowledge. Of course the knowledge in this book hundred per-cent guarantees there is no doubt in it you probably know this.

Jacquelyn Lopez:

Hey guys, do you wishes to finds a new book to see? May be the book with the headline The Influence of Rating Changes on Bonds suitable to you? The particular book was written by well-known writer in this era. Typically the book untitled The Influence of Rating Changes on Bondsis the main of several books in which everyone read now. This particular book was inspired many people in the world. When you read this e-book you will enter the new dimension that you ever know previous to. The author explained their plan in the simple way, therefore all of people can easily to understand the core of this book. This book will give you a great deal of information about this world now. In order to see the represented of the world within this book.

Gregory Anderson:

Do you have something that you want such as book? The reserve lovers usually prefer to select book like comic, short story and the biggest some may be novel. Now, why not striving The Influence of Rating Changes on Bonds that give your enjoyment preference will be satisfied by simply reading this book. Reading addiction all over the world can be said as the opportunity for people to know world considerably better then how they react to the world. It can't be claimed constantly that reading addiction only for the geeky particular person but for all of you who wants to possibly be success person. So , for all you who want to start reading as your good habit, you may pick The Influence of Rating Changes on Bonds become your own personal starter.