{"title":"Corporate sensitivity to sovereign credit distress: the mitigating effects of financial flexibility","authors":"Huong Vu, Patrycja Klusak, Shee-Yee Khoo, Rasha Alsakka","doi":"10.1080/1351847x.2024.2332718","DOIUrl":null,"url":null,"abstract":"This paper investigates the role of financial flexibility in sovereign-corporate rating nexus. Using a panel data of non-financial European firms rated by S&P during 2005–2022, we show that financi...","PeriodicalId":22468,"journal":{"name":"The European Journal of Finance","volume":"15 1","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2024-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"The European Journal of Finance","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1080/1351847x.2024.2332718","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
This paper investigates the role of financial flexibility in sovereign-corporate rating nexus. Using a panel data of non-financial European firms rated by S&P during 2005–2022, we show that financi...