The Influence Mechanism of Overseas Investment Bank Rating On Stock Fluctuation of Chinese Internet Enterprises in a Credit Crisis
Whether the efficiency information of Chinas Internet enterprises which are listed overseas can be effectively transferred to capital market during a Credit crisis,the rating information provided by investment banks should be a crucial bridge for listed firms and investors.In order to probe the influence mechanism of the rating information provided by investment bank,we choose Chinese concept stocks related to a credit crisis in the United States capital market in 2011 to do our empirical research.Our study found that,the timing of release of rating reports,target stock price and enterprise target market play significant influence on the fluctuation of stock prices,and the ranking of investment bank has played an important moderating role.
credit crisis internet enterprise investment bank rating
Xiaoling Li Zhanpeng Yang Qian Tian Xinjian Li
School of Business Administration,Zhongnan University of Economics and Law, China College of Economics & Management,College of Science,Huazhong Agricultural University, China
国际会议
The Twelfth Wuhan International Conference on E-Business(第十二届武汉电子商务国际会议)
武汉
英文
95-102
2013-05-25（万方平台首次上网日期，不代表论文的发表时间）