Entrepreneurship and Economic Change in a Developing Region: Opportunities and Challenges in Africa
Year: 2015
Type: article
Abstract: The Impact of Analysts’ Recommendations on the Cost of Debt: International Evidence Dr. Satt Harit Abstract We documentthe link between analysts’ reviews and bonds ratings. This study took 12 years and was carried out on samples obtained from 26 countries. The focus is to point out the positive relationship between analysts’ reviews commendations and bonds ratings. Thus, a probit regression analysis was done for this purpose. It was strongly noted that there is a great connection between the recommendation and the bond’s rating. In other words, the more a company receives positive recommendations from financial analysts, the rating of its bonds increases. More verification to the creditors’ rights shields was included through our outcomes, plus its impact on debt cost. Full Text: PDF DOI: 10.15640/rcbr.v4n2a2
DOI: 10.15640/rcbr.v4n2a1
Author: Felix M. Edoho
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W4246357633