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India and some important measures taken to address them, with a focus on the credit rating scheme implemented in 2000. It …
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can cope with such tensions, institutional theory suggests that organizational legitimacy and success will also depend on … organizational legitimacy. Specifically, we consider both a field’s maturity and its degree of hybridity as two important variables … that determine the effects that field hybridity has on organizational legitimacy. Drawing from extant research and …
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In recent years, credit rating agencies have faced increased regulatory pressure and investor criticism for their ratings' lack of timeliness. This study investigates whether and how rating agencies respond to such pressure and criticism. We find that the rating agencies not only improve rating...
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