We use novel data from a leading online job search platform to examine the impact of
corporate distress on firms' ability to attract job applicants. Survey responses suggest that …

This study evaluates the impact of earnings on credit risk in the Credit Default Swap (CDS)
market using levels, changes, and event study analyses. We find that earnings (cash flows …

Enterprise risk management (ERM) has emerged as a framework for more holistic and
integrated risk management with an emphasis on enhanced governance of the risk …

Banks have played a crucial role in the making and spread of the recent financial crisis.
Indeed, at the most critical moment of the crisis, the key player was none other than a bank …

This paper critically reviews the debate on CRAs and, in the light thereof, analyses the
European regulatory approach to CRAs, thereby combining insights from economics and …

The COVID-19 pandemic shows significant impacts on credit risk, which is the key concern
of corporate bond holders such as insurance companies. Credit risk, quantified by agency …

This paper analyzes the impact and the spillover effect of a sovereign rating announcement
on the euro area CDS market. Through the event study technique, we demonstrate that …

Using a large sample of US firms, this study explores whether a firm's holdings of SFAS 157
level three fair value assets (level three assets) have an impact upon corporate credit …

This study examines the impact of S&P rating events on the credit default swap (CDS)
spread of firms and the spillover effect on competitors for the period 2004–2011. We find that …

This study compares the pricing of credit risk information conveyed by accounting numbers
under International Financial Reporting Standards (IFRS) relative to local Generally …