Gonis, Eleimon; Paul, Salima; Tucker, Jon - In: The European Journal of Finance 18 (2012) 8, pp. 709-735
The aim of this paper is to examine the main determinants of the rating likelihood of UK companies. We use a binary probit specification to model the main drivers of a firm's propensity to be rated. Using a sample of 245 non-financial UK companies over the period 1995--2006, representing up to...