This article asks whether the Credit Rating Agencies may be able to play a greater role in the approach taken by companies with regards to explaining why they deviate from Corporate Governance Codes. With it being identified that there is a potential issue with companies passively disclosing why...

This doctoral dissertation examined the legal liabilities of credit rating agencies (CRAs) in providing credit ratings of collateralized debt obligations (CDOs), which are pointed to cause the current financial crisis. Until now, CRAs abused the favorable legal and regulatory environments of...

Our study examines whether CEOs’ birth order can predict firms’ credit ratings. Consistent with studies that document a positive relationship in the general population between being firstborn and being conservative, our study finds that firms managed by firstborn CEOs tend to have higher...