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Please use this identifier to cite or link to this item: http://repository.kln.ac.lk/handle/123456789/27957
Title: Unveiling the impact of foreign competition on the bond market: Insights from S&P debt ratings
Authors: Lasantha, Ruwan
Tawiah, Vincent
Atif, Muhammad
Puwanenthiren, Prem
Nadarajah, Sivathaasan
Keywords: Foreign competition, Debt ratings, Governance, Creditworthiness
Issue Date: 2024
Publisher: Elesvier
Citation: Ruwan Lasantha, Vincent Tawiah, Muhammad Atif, Prem Puwanenthiren, Sivathaasan Nadarajah, Unveiling the impact of foreign competition on the bond market: Insights from S&P debt ratings, Economics Letters,Volume 241,2024,111797,ISSN 0165-1765, https://doi.org/10.1016/j.econlet.2024.111797.
Abstract: This study investigates the influence of foreign competition on U.S. firms’ debt ratings. The findings reveal a significant downgrade in ratings with increased foreign competition, in particular affecting firms with prospector strategies, low organizational capital, high information asymmetry, weak governance, and reshaping creditworthiness assessment.
URI: http://repository.kln.ac.lk/handle/123456789/27957
Appears in Collections:Accountancy

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