Finance journal homepage: www.elsevier.com/locate/jbf The impact of bond rating changes on corporate bond prices: New evidence from the over-the-counter market Anthony D. May * Price College of Business‚ University of Oklahoma‚ 307 West Brooks‚ Norman‚ OK 73019‚ USA a r t i c l e i n f o a b s t r a c t I study the information content of bond ratings changes using daily corporate bond data from TRACE. Abnormal bond returns over a two-day event window that includes the downgrade (upgrade)
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The Social Theories of Harriet Martineau For the most part‚ men are usually credited when it comes to Sociological Theories and explanations. Women were given little attention if any‚ when it came to matters outside of the household. One woman in particular managed to stand out in the 1800’s despite the plague of gender inequalities during her time. She not only stood up against sexism but also used her Sociological perspectives to fight for women’s rights‚ the well being of children‚ suppression
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to flourish. Further‚ they traded with the West Indies and the French colonies to the north. New England Religion Calvinism and the Social Contract Theory - Many individuals who lived in the New England area were Calvinists or heavily influenced by John Calvin’s works and thought. While many look at John Locke as one of the founders of the idea of the social contract‚ that the state is an agreement or contract between the individuals to join together into a society‚ Calvinist doctrine was one
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PROFILES IN CRIME -STUDY QUESTIONS FOR WEEKS ONE-SEVEN Please be advised that that these questions are intended to be used as a study guide and do not reflect all of the course material presented in class. During weeks 1-7 you will be responsible for chapters 1-3 and 9 in your text (Criminology). Chapters 1 & 2 1. Define criminology? Why is criminology “multi-disciplinary”? 2. What are the major agencies (components) of the criminal
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SOCIAL IDENTITY THEORY To better understand why destroying ancient cultural heritage sites and artifacts can be considered a form of ethnic cleansing‚ I turn to Social Identity Theory. As described by Danielle Renee Clark (2014)‚ “Social identity theory is the social psychological process that prompts group affiliation and identity formation‚ intergroup conflict‚ and subsequently fosters links between groups and any relevant cultural heritage property.” (Clark‚ 2014‚ 9) Membership to a group is
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Goffman’s dramaturgical social theory is the idea that our daily interactions with each other are similar to a theater. We are “actors” trying to portray a certain impression they want their “audience” to believe. It is also clarified that in order to analysis these social actions‚ we must look at is as a team‚ not as individuals. His theory goes into deeper detail which explains how it is possible for people to establish these performances; which are: roles‚ scripts‚ costumes‚ and a stage. Firstly
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NIGERIA MARCH 4-14 2008 THE BOND MARKET IN GHANA-CHALLENGES FOR ITS DEVELOPMENT A. Introduction A bond has been defined as a debt (loan) instrument which requires the issuer to repay the investor the amount borrowed with interest over a predetermined period of time. Bonds can be callable‚ redeemable‚ convertible‚ extendable or retractable. They may have warrants attached to them as a sweetner. They may also be income generating or have zero coupons. Bond investors are exposed to some
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Wolf Wolfensberger’s theory of Social Role Valorization (SRV) is extremely interesting in how it talks about the concept of wounding. When thinking outside of SRV‚ wounding means hurting something through physical force; but in terms of SRV‚ wounding means hurting someone’s psyche and emotions. Wounding in context of SRV talks about harming people mentally‚ physically‚ and emotionally‚ which is different from how we usually think of wounding in our everyday lives. In Wolfensberger’s book‚ "A Brief
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The temptation and influence of gang activity is as prominent in females as it is in males. Before exploring the topic of gang delinquency one must first understand what a gang is. Most often‚ definitions of gang membership or affiliation mirror the organization rather than empirical realities of gang membership through self-selection (Huff‚ 1990). At the state level a gang consists of three or more people that share a common and identifying sign‚ symbol‚ or name. Whether individually or collectively
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When ionic solids dissolve‚ they divide to give their positive and negative ions that make up the solids. These ions become hydrates and have the same relative proportions when in solution and when solid. The more the solid dissolves‚ the more the ion’s concentration increases. This increase and build-up allows for the reverse reaction to occur. In this phase of the reaction the ions crystallise out in order for the reaction to have a greater chance of occurring. Eventually the rate of
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