Credit Ratings and Acquisitions
(2021)
Journal Article
Aktas, N., Petmezas, D., Servaes, H., & Karampatsas, N. (2021). Credit Ratings and Acquisitions. Journal of Corporate Finance, 69, Article 101986. https://doi.org/10.1016/j.jcorpfin.2021.101986
There is a curvilinear relation between credit ratings and acquisitions. Non-investment grade firms make more acquisitions as their ratings improve, consistent with the relaxation of financial constraints. However, this pattern reverses for investmen... Read More about Credit Ratings and Acquisitions.