Poon, Winnie P. H.; Firth, Michael - In: Journal of Business Finance & Accounting 32 (2005-11) 9-10, pp. 1741-1771
In recent years credit rating agencies have started rating firms who have not asked for a rating. Recipients of unsolicited ratings argue that the assigned ratings are too low and reflect a lack of comprehensive knowledge of the rated firms. We set out to examine these claims using a...