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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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