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Paskolos gavėjo kreditingumo įvertinimas
Aleknevičienė, Vilijatestas; Jatkūnaitė, Dalia - 2005
Rendering of the loans is one of the main activities of commercial banks, giving the largest income, but at the same … time raising the highest risk. Trying to avoid the risk of non-repayment of the loans, to insure the redemption of the loan … in time and to gain a profit as more as possible commercial banks should give the loans only to the reliable clients …
Persistent link: https://www.econbiz.de/10009478970
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Who benefits from capital account liberalization? Evidence from firm-level credit ratings data
Prati, Alessandro; Schindler, Martin; Valenzuela, Patricio - In: Journal of International Money and Finance 31 (2012) 6, pp. 1649-1673
Using a novel panel data set on corporate foreign-currency credit ratings and capital account restrictions in advanced and emerging economies during 1995–2004, we find a strong positive effect of capital account liberalization on firms' credit risk, as measured by corporate credit ratings. As...
Persistent link: https://www.econbiz.de/10010599338
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Corporate governance, credit ratings and the capital structure of Greek SME and large listed firms
Dasilas, Apostolos; Papasyriopoulos, Nicolas - In: Small Business Economics 45 (2015) 1, pp. 215-244
The aim of this study was to elucidate the relationship between corporate governance, credit ratings and the capital structure of small-to-medium enterprises (SMEs) and large Greek listed firms for the period spanning from 2005 to 2010. Panel regression analysis demonstrates that corporate...
Persistent link: https://www.econbiz.de/10011241908
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Credit Ratings in the Presence of Bailout: The Case of Mexican Subnational Government Debt
Hernández-Trillo, Fausto; Smith-Ramírez, Ricardo - In: ECONOMIA JOURNAL OF THE LATIN AMERICAN AND CARIBBEAN … (2009)
Searching for an explanation for investment grades assigned to virtually bankrupt subnational governments in LDCs, we study the determinants of bond ratings for municipalities in Mexico. Our data set includes ratings from three agencies: S&P, Fitch, and Moody´s. To control for selectivity in...
Persistent link: https://www.econbiz.de/10009018081
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Credit ratings agencies: testimony before the Subcommittee on Oversight and Investigations, Committee on Financial Services, U.S. House of Representatives, July 27, 2011
Weide, Mark E. Van Der - Federal Reserve Board (Board of Governors of the … - 2011
Persistent link: https://www.econbiz.de/10009131500
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Market discipline in the banking industry: evidence from spread dispersion
Iannotta, Giuliano - In: The European Journal of Finance 17 (2011) 2, pp. 111-131
Do bond investors price hidden information? To address this question, we use a heteroscedastic regression model to empirically examine the factors affecting the spread dispersion unexplained by easy-to-observe issue characteristics (such as credit ratings, size, maturity, etc.). Two main results...
Persistent link: https://www.econbiz.de/10009213937
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credit rating agencies
Shapiro, Joel - Palgrave Macmillan
Credit Rating Agencies (CRAs) have been measuring the credit risk of debt for slightly over 100 years. The industry is characterised by artificial and natural barriers to entry and an issuer-pays system. The agencies’ ratings performed poorly for structured finance products and have been...
Persistent link: https://www.econbiz.de/10009395634
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Financial and economic determinants of firm default
Bottazzi, Giulio; Grazzi, Marco; Secchi, Angelo; … - In: Journal of Evolutionary Economics 21 (2011) 3, pp. 373-406
Persistent link: https://www.econbiz.de/10009325785
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Securitisation, ratings and regulatory practices
Rao, T.V.S. Ramamohan - In: International Journal of Trade and Global Markets 4 (2011) 2, pp. 137-151
Securitisation, as a structured financial instrument, can give rise to excessive risk taking by the originator. It was expected that credit-rating agencies will assist the Special Purpose Vehicles (SPVs) and investors by revealing the risk. However, given that they pursue their own objectives,...
Persistent link: https://www.econbiz.de/10009352806
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The use of accounting data to predict bank financial distress in MENA countries
Distinguin, Isabelle; Hasan, Iftekhar; Tarazi, Amine - In: International Journal of Banking, Accounting and Finance 2 (2010) 4, pp. 332-356
Using an innovative approach of following the downgrade or credit rating decisions by rating agencies, this paper develops an early-warning system of bank financial distress and critically evaluates the reliability and stability of the potential indicators or factors of banks in 13 emerging...
Persistent link: https://www.econbiz.de/10009352865