Finanse, Rynki Finansowe, Ubezpieczenia

Wcześniej: Zeszyty Naukowe Uniwersytetu Szczecińskiego. Finanse, Rynki Finansowe, Ubezpieczenia


ISSN: 2450-7741     eISSN: 2300-4460    OAI    DOI: 10.18276/frfu.2016.81-05
CC BY-SA   Open Access 

Lista wydań / 3/2016 (81)
Wpływ ratingów kredytowych na kurs akcji

Autorzy: Patrycja Chodnicka-Jaworska
Słowa kluczowe: credit rating event study stopa zwrotu
Data publikacji całości:2016
Liczba stron:7 (49-55)
Cited-by (Crossref) ?:

Abstrakt

Cel – Celem artykułu jest analiza wpływu zmian credit ratingów banków na kursy akcji. Metodologia badania – Do badania wykorzystano długoterminowe credit ratingi banków europejskich nadawane przez Standard & Poor’s Investor Service w latach 1980–2015. Jako zmienną zależną obrano stopy zwrotu z akcji. Analizę przeprowadzono przy wykorzystaniu metody event study. Wynik – Przeprowadzone badanie sugeruje istotny wpływ spadku credit ratingu na kursy akcji. Wzrost not ratingowych słabiej oddziałuje na ceny. Oryginalność/wartość – Analizę przeprowadzono dla wszystkich banków krajów europejskich, dla długiego horyzontu czasowego.
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