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)
Spread1 Spread2
Rating×Post×Lowrep -0.106*
(-1.786)		 -0.122**
(-2.016)
Rating×Post -0.293***
(-7.934)		 -0.266***
(-7.014)
Rating×Lowrep -0.093**
(-2.019)		 -0.080*
(-1.687)
Post×Lowrep 1.961*
(1.810)		 2.306**
(2.079)
Rating -0.503***
(-15.667)		 -0.528***
(-16.053)
Post 5.042***
(7.418)		 4.328***
(6.221)
Lowrep 1.215
(1.365)		 0.842
(0.923)
Baseline controls Yes Yes
Observations 4 468 4 468
R-squared 0.639 0.641
CRA FE YES YES
Industry FE YES YES
Year-Month FE YES YES
表6 基于信用评级机构市场声誉的分组分析
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