Centres Of Excellence

To focus on new and emerging areas of research and education, Centres of Excellence have been established within the Institute. These ‘virtual' centres draw on resources from its stakeholders, and interact with them to enhance core competencies

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Faculty members at IIMB generate knowledge through cutting-edge research in all functional areas of management that would benefit public and private sector companies, and government and society in general.

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IIMB Management Review

Journal of Indian Institute of Management Bangalore

IIM Bangalore offers Degree-Granting Programmes, a Diploma Programme, Certificate Programmes and Executive Education Programmes and specialised courses in areas such as entrepreneurship and public policy.

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About IIMB

The Indian Institute of Management Bangalore (IIMB) believes in building leaders through holistic, transformative and innovative education

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Journal Article: 'Has the Global Financial Crisis Changed the Market Response to Credit Ratings? Evidence from an Emerging Market' - Prof. Ashok Thampy & Sankarshan Basu

Ashok Thampy and Sankarshan Basu

Abstract: This article analyses the differential market response to credit rating revisions in the pre- and post-global financial crisis (GFC) period using data from India. By reviewing the stock price reaction to the announcement of long-term rating changes during the period 1996–2015, the study finds evidence that the stock price reacted less to rating announcements after the GFC of 2008. However, the difference in the cumulative abnormal returns before the GFC and after the GFC is not statistically significant.

Author Name : Kaveri Krishnan, Ashok Thampy and Sankarshan Basu
Journal Name : Journal of Emerging Market Finance
Volume, Issue, Page Numbers : Vol. 19(1), 2020, Pg. 7-32
URL: https://journals.sagepub.com/doi/full/10.1177/0972652719877472

Journal Article: 'Has the Global Financial Crisis Changed the Market Response to Credit Ratings? Evidence from an Emerging Market' - Prof. Ashok Thampy & Sankarshan Basu

Abstract: This article analyses the differential market response to credit rating revisions in the pre- and post-global financial crisis (GFC) period using data from India. By reviewing the stock price reaction to the announcement of long-term rating changes during the period 1996–2015, the study finds evidence that the stock price reacted less to rating announcements after the GFC of 2008. However, the difference in the cumulative abnormal returns before the GFC and after the GFC is not statistically significant.

Author Name : Kaveri Krishnan, Ashok Thampy and Sankarshan Basu
Journal Name : Journal of Emerging Market Finance
Volume, Issue, Page Numbers : Vol. 19(1), 2020, Pg. 7-32
URL: https://journals.sagepub.com/doi/full/10.1177/0972652719877472