| dc.contributor | 財管系 | zh_TW |
| dc.creator (作者) | 陳聖賢 | zh_TW |
| dc.creator (作者) | Chen, Sheng-Syan | en_US |
| dc.creator (作者) | Chang, Chong-Chuo | en_US |
| dc.creator (作者) | Yang, Shu-Ling | en_US |
| dc.creator (作者) | Chen, Hsien-Yi | en_US |
| dc.date (日期) | 2013 | |
| dc.date.accessioned | 11-Jun-2018 17:09:50 (UTC+8) | - |
| dc.date.available | 11-Jun-2018 17:09:50 (UTC+8) | - |
| dc.date.issued (上傳時間) | 11-Jun-2018 17:09:50 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/117545 | - |
| dc.description.abstract (摘要) | Sovereign credit rating changes have an influence on real private investment of re-rated countries. We find significant increases in private investment growth following upgrades in sovereign ratings. These increases, however, are transitory. We also find significant, temporary declines in private investment growth following sovereign rating downgrades. The results hold after accounting for re-rated countries’ growth opportunities, endogeneity, and other factors that could affect private investment. The irreversible nature of investment may be the explanation for the temporary changes in the growth rates of physical capital investment associated with revisions in sovereign credit ratings. | en_US |
| dc.format.extent | 460352 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | Journal of Banking and Finance, Vol.37, No.12, pp.4820-4833 | zh_TW |
| dc.subject (關鍵詞) | Sovereign credit ratingPrivate investmentIrreversible investment | en_US |
| dc.title (題名) | How Do Sovereign Credit Rating Changes Affect Private Investment? | en_US |
| dc.type (資料類型) | article | |
| dc.identifier.doi (DOI) | 10.1016/j.jbankfin.2013.09.002 | |
| dc.doi.uri (DOI) | http://dx.doi.org/10.1016/j.jbankfin.2013.09.002 | |
