Disagreement between rating agencies and bond opacity: A theoretical perspective

In this paper, we explicitly model a bond rating process under varying degrees of bond opacity and derive conditions under which disagreements between rating agencies (rating splits) can serve as a useful proxy for opacity in empirical analyses.

MoreLess

Year of publication:	2014
Authors:	Hauck, Achim ; Neyer, Ulrike
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 123.2014, 1, p. 82-85
Publisher:	Elsevier
Subject:	Opaque assets \| Ratings \| Rating agencies \| Rating splits

Online Resource

Check full text access |

More access options

Check Google Scholar

In libraries world-wide (WorldCat)

In German libraries (KVK)

subito order

I need help

More details

Type of publication:	Article
Classification:	G20 - Financial Institutions and Services. General ; G24 - Investment Banking; Venture Capital; Brokerage ; G30 - Corporate Finance and Governance. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010743692