Shen, Chung-Hua; Huang, Yu-Li; Hasan, Iftekhar - In: Journal of International Financial Markets, … 22 (2012) 1, pp. 171-193
This study proposes an information asymmetry hypothesis to examine why bank credit ratings vary among countries even when bank financial ratios remain constant. Countries are divided among those with low and high information asymmetry. The former include high-income countries, those in North...
