Results 11 to 20 of about 27,258 (304)
Are credit ratings valuable information? [PDF]
Applied Financial Economics, 2007 Credit ratings are commonly used by lenders to assess the default risk, because every credit is connected with a possible loss. If the probability of a default is above a certain threshold, a credit will not be provided. The purpose of this study is to test whether credit ratings contribute valuable information on the creditworthiness of firms ...
Kraft, Kornelius, Czarnitzki, Dirk
openaire +6 more sources
Credit rating and competition [PDF]
International Journal of Finance & Economics, 2012 AbstractWe analyze the effect of competition between credit rating agencies (RA) which trade‐off reputation (future income) and rating inflation (current income). We find that relative to monopoly, RA are more likely to inflate ratings under duopoly. Moreover, competition reduces welfare (the net income of the projects that are rated good) if the new ...
Nelson Camanho, Pragyan Deb, Zijun Liu
openaire +3 more sources
An Evaluation of Credit Rating Agencies, Credit Ratings, and Credit Default Swaps
Bucak İşletme Fakültesi Dergisi, 2023 Investors face different risks in international markets than in national ones. Effective risk management can help protect investors from these risks in global markets. Various indicators and financial instruments are utilized in risk management. Credit rating agencies assess the risk level of institutions or organizations in global markets and provide ...
Faruk DAYI, Ashraf TANTOUN
openaire +1 more source
Корпоративные финансы, 2017 This research addresses the problem of pension savings and pension reserves management efficiency analysis of the whole Russian pension system and non-state pension funds.
Yury Nogin
doaj +1 more source
Corporate Board Attributes, Shariah Board Attributes and Credit Rating: Evidence from Islamic Banks of Pakistan [PDF]
Türkiye İslam İktisadı Dergisi, 2021 Shariah Governance is an essential characteristic that differentiates Islamic financial institutions from Conventional financial institutions. The study’s purpose is to explore the effect of corporate governance attributes and Shariah board attributes on
Muhammad Mansoor +2 more
doaj +1 more source
Issuer- and Investor-Paid Credit Ratings – A Comparison of Factors
Problemy Zarządzania, 2017 The aim of the paper is to analyse European banks’ credit ratings factors. To this end, a literature review has been made about the impact of credit ratings factors and the following hypothesis has been put forward: The strength of the banks’ credit ...
Patrycja Chodnicka-Jaworska
doaj +1 more source
Portfolio optimization of credit risky bonds: a semi-Markov process approach
Financial Innovation, 2020 This article presents a semi-Markov process based approach to optimally select a portfolio consisting of credit risky bonds. The criteria to optimize the credit portfolio is based on l ∞ -norm risk measure and the proposed optimization model is ...
Puneet Pasricha +3 more
doaj +1 more source
Research on the Coupling Relationship between Market Risk and Credit Risk in Commercial Banks
MATEC Web of Conferences, 2018 With the complexity and diversity of business development, commercial banks gradually put more focus on how to improve the accuracy of risk measurement.
Su Jie, Li Tian, Ni Xin
doaj +1 more source
A motivation for banks in emerging economies to adapt agency ratings when assessing corporate credit
South African Journal of Economic and Management Sciences, 2019 Background: This article considers whether South African banks should utilise the credit ratings provided by US-based credit rating agencies when assessing the creditworthiness of corporate borrowers.
Tanja Verster +4 more
doaj +1 more source
INFORMATION VALUE OF THE CREDIT RATING ON THE CREDIT DEFAULT SWAPS MARKET
Quantitative Methods in Economics, 2022 The paper examines the impact of the countries’ credit ratings changes on the cost of credit defaults swaps premium. It is assumed statistical significance abnormal returns due to changes in credit ratings assigned by the agencies.
Patrycja Chodnicka-Jaworska
doaj +1 more source