POON, WINNIE P. H.; LEE, JUNSOO; GUP, BENTON E. - In: Journal of Money, Credit and Banking 41 (2009) 2-3, pp. 285-314
Would the credit ratings of unsolicited banks be higher if they were solicited? Alternatively, would the credit ratings of solicited banks would be lower if they were unsolicited? To answer these questions, we use an endogenous regime-switching model and data from 460 commercial banks in 72...