Results 21 to 30 of about 343,565 (198)
Do rating grades convey important information: German evidence? [PDF]
, 2016 © 2015 Elsevier B.V. In this paper we investigate the impact of credit rating changes on German stock market. We evaluate daily abnormal stock returns of companies listed on the Frankfurt Stock Exchange (HDAX).
Duygun, Meryem +2 more
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Systemic and Reputational Risk in the Activities of Rating Agencies
Gospodarka Narodowa. The Polish Journal of Economics, 2019 This article contains an analysis of the impact channels through which credit rating agencies may affect systemic risk, while raising the research question of whether reputational risk is a sufficient mechanism for disciplining credit rating agencies and
Paweł Niedziółka
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Does rating shopping exist in spanish securitization issues?
Management Letters/Cuadernos de Gestión, 2015 Debt issue credit ratings can lead to conflicts of interest as the issuer itself is entrusted with contracting and compensating the rating agency. Into the bargain, the credit rating agency may be involved in designing the issues that the same agency ...
Miguel Á. Peña Cerezo +2 more
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Modelling the role of credit rating agencies : Do they spark off a virtuous circle? [PDF]
, 2005 In this paper, we propose a model of credit rating agencies using the global games framework to incorporate information and coordination problems.
Bannier, Christina E., Tyrell, Marcel
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The new regulation of rating agencies and its influence on financial markets
Acta Economica, 2012 The crisis in global financial markets, in the last year, has evolved into a crisis of the euro zone. In the countries of the European Union, especially in political discussions of “Euro-politicians” rating agencies are marked as the main culprit for the
Горан Радивојац
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The economics of rating watchlists: evidence from rating changes [PDF]
, 2007 Generally, information provision and certification have been identified as the major economic functions of rating agencies. This paper analyzes whether the “watchlist" (rating review) instrument has extended the agencies' role towards a monitoring ...
Bannier, Christina E., Hirsch, Christian
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The adjustment of credit ratings of defaulted issuers [PDF]
, 2005 We provide insights into determinants of the rating level of 371 issuers which defaulted in the years 1999 to 2003, and into the leader-follower relationship between Moody’s and S&P.
Güttler, André, Wahrenburg, Mark
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INTERNATIONAL RATING AS A CREDITWORTHINESS MEASURE OF A STATE
Torun International Studies, 2017 Credit rating agencies play an important role in the world due to the fact that rating has become a reliable indicator of the evaluation of a debt investment. A reliable agency that is globally recognised ought to be independent, objective, professional,
Jolanta Ciak, Rafał Płókarz
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Rating Agencies in the Face of Regulation
SSRN Electronic Journal, 2012 Abstract This paper develops a theoretical framework to shed light on variation in credit rating standards over time and across asset classes. Ratings issued by credit rating agencies serve a dual role: they provide information to investors and are used to regulate institutional investors.
Opp, Christian C +2 more
openaire +3 more sources