City Campus
Cowcaddens Road
Glasgow G4 0BA, Scotland
United Kingdom
Glasgow Caledonian University
Sovereign Rating Changes, Event Study, Country Beta Risk
Time Varying Beta, Kalman Filter
open and closed corporations, employee ownership, residual risk-bearing (ownership) and decision-making (control), residual and `moral debt` claims, agency costs, distributive justice, maximizing the firm value to society, stakeholders and shareholders.