Hung, Ken; Cheng, Hui Wen; Chen, Shih-shen; Huang, Ying-Chen - In: Journal for Economic Forecasting (2013) 4, pp. 94-108
Corporate credit ratings have become more important after the 2008 financial crisis. To explore the mystery, we employ the ordered probit regression models to examine the relationship between the credit rating and financial ratios in electric utilities, chemicals and communications equipment...