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and not on the public signal. Nonetheless, public information is valuable as it facilitates truthful subjective evaluation …
Persistent link: https://www.econbiz.de/10009752336
Motivated by the question of how one should evaluate professional election forecasters, we study a novel dynamic mechanism design problem without transfers. A principal who wishes to hire only high-quality forecasters is faced with an agent of unknown quality. The agent privately observes...
Persistent link: https://www.econbiz.de/10012902013
Building on the idea that precision of credit ratings matters for the efficiency of investors' portfolio decisions, the paper analyzes the equilibrium precision of ratings. Our analysis explains why ratings are noisy, exhibit rating inflation and vary across asset classes and over the economic...
Persistent link: https://www.econbiz.de/10012857093
and not on the public signal. Nonetheless, public information is valuable as it facilitates truthful subjective evaluation …
Persistent link: https://www.econbiz.de/10009781395
This paper considers a model of a rating agency with multiple clients, in which each client has a separate market that forms a belief about the quality of the client after the agency issues a rating. When the clients are rated separately (individual rating), the credibility of a good rating in...
Persistent link: https://www.econbiz.de/10011700252
Persistent link: https://www.econbiz.de/10012193822
paper analyzes the corporate bond rating standards and tests whether reputation concerns are powerful enough to discipline … such prediction and suggests that reputation concerns are not always powerful enough to serve as a self …
Persistent link: https://www.econbiz.de/10013115101
sustainability. We identified nine research streams: reputation risk, reputation risk and sustainability, supply chain management …, social responsibility, reputation risk management, strategic approach, sustainable development, corporate sustainability and …This study aims to conduct a bibliometric analysis of reputational risk and sustainability. The research was conducted …
Persistent link: https://www.econbiz.de/10013206034
Persistent link: https://www.econbiz.de/10014513723
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