Lu, Ruichang; Luo, Yao; Xiao, Ruli - In: International studies of economics 18 (2023) 3, pp. 260-276
There has been heated debate regarding credit-rating agencies' (CRAs') reporting accuracy of corporate credit ratings … a U-shape in the overall misreporting pattern: the left-hand side (the high-rating groups) has a lower misreporting … probability (35% in the lowest rating group) and misreporting magnitude (rating rank jump between true rating and reported rating …