Wealth Transfer Effects of Analysts' Deceitful Behavior

2006 ◽  
Author(s):  
Gus De Franco ◽  
Hai Lu ◽  
Florin P. Vasvari
Keyword(s):  
Transfer Effects ◽  
Wealth Transfer

scholarly journals Wealth Transfer Effects of Analysts' Misleading Behavior

2007 ◽  
Vol 45 (1) ◽  
pp. 71-110 ◽  
Author(s):  
GUS DE FRANCO ◽  
HAI LU ◽  
FLORIN P. VASVARI
Keyword(s):  
Transfer Effects ◽  
Wealth Transfer

Wealth transfer effects between stockholders and bondholders

2013 ◽  
Vol 53 (1) ◽  
pp. 23-43 ◽  
Author(s):  
Björn Imbierowicz ◽  
Mark Wahrenburg
Keyword(s):  
Transfer Effects ◽  
Wealth Transfer

Calling Nonconvertible Debt and the Problem of Related Wealth Transfer Effects

1994 ◽  
Vol 23 (4) ◽  
pp. 21 ◽  
Author(s):  
Francis A. Longstaff ◽  
Bruce A. Tuckman
Keyword(s):  
Transfer Effects ◽  
Wealth Transfer

Going private transactions, bondholder returns, and wealth transfer effects

2010 ◽  
Vol 34 (8) ◽  
pp. 1856-1872 ◽  
Author(s):  
Lindsay C. Baran ◽  
Tao-Hsien Dolly King
Keyword(s):  
Transfer Effects ◽  
Wealth Transfer ◽  
Going Private

scholarly journals Wealth transfer between owners and lenders of European stock corporations

2017 ◽  
Vol 14 (2) ◽  
pp. 147-164
Author(s):  
Steffen Hundt ◽  
Björn Sprungk ◽  
Andreas Horsch
Keyword(s):  
Event Study ◽  
Capital Markets ◽  
Credit Rating ◽  
Corporate Bonds ◽  
Transfer Effects ◽  
Study Methods ◽  
Wealth Transfer ◽  
Price Effects

Wealth transfer effects between company owners and lenders based on changes in a firm’s credit rating have primarily been examined a) for one type of security; b) on U.S. capital markets; and c) by applying standard event study methods. In contrast to these studies, we compared the price effects of stocks and corporate bonds of the same issuer using robust event study methods. Our findings indicated that downgrades cause negative price effects for owners and lenders of European firms, whereas upgrades only induced positive price effects for lenders. However, we did not find evidence for the existence of wealth transfer effects between owners and lenders on European capital markets.

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