Figure/Table detail

Regulatory Shock and the Effect of Credit Ratings on Bond Financing Cost: Empirical Evidence from the Perspective of Dagong Event’s Industry Effect
Ling-min XIE
Journal of Central University of Finance & Economics, 2024, 0(1): 87-101.  

变量 (1) (2)
Rating Rating
CreditRisk=LiquidityRisk CreditRisk=DefaultRisk
CreditRisk×Post -0.037**
(-2.245)		 -0.020***
(-3.219)
CreditRisk -0.102***
(-7.015)		 -0.024***
(-3.936)
Post 0.211***
(3.150)		 0.337***
(2.677)
Baseline controls Yes Yes
Observations 4 254 986
R-squared 0.661 0.833
CRA FE YES YES
Industry FE YES YES
Year-Month FE YES YES
表9 评级可靠性检验
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