Similar Search Results

Rating Inflation versus Deflation : On Procyclical Credit Ratings

Chen, Yongmin - 2013

: some argue that they engage in rating inflation, while others suggest that they deflate ratings. This article offers a … rationale that reconciles the two opposite arguments. We find that both rating inflation and rating deflation can occur in … equilibrium. Furthermore, we show that credit rating is procyclical: rating inflation is more likely to happen in a boom while …

Persistent link: https://www.econbiz.de/10013073513

Triple A default

Deng, Kaihua; Qiao, Guannan - In: Pacific-Basin finance journal 74 (2022), pp. 1-16

Persistent link: https://www.econbiz.de/10013389136

The effect of rating agencies on herd behaviour

Ferri, Giovanni; Morone, Andrea - 2008

This paper purports to provide some evidence on the effect of rating agencies on herding in financial markets. By means of a laboratory experiment, we investigate the effect and interaction between private and public information. Previous experiments showed that lemmings behaviour can survive in...

Persistent link: https://www.econbiz.de/10011523646

Rating agency adjustments to GAAP financial statements and their effect on ratings and credit spreads

Kraft, Pepa - In: The accounting review : a publication of the American … 90 (2015) 2, pp. 641-674

Persistent link: https://www.econbiz.de/10010517088

Influence of global versus local rating agencies to Japanese financial firms

Han, Seung Hun; Reinhart, Walter Josef; Shin, Yoon S. - In: Journal of Asian finance, economics and business : JAFEB 5 (2018) 4, pp. 9-20

Persistent link: https://www.econbiz.de/10011963885

Does SEC rating agency certification matter? : the case of A. M. Best

Fairchild, Lisa M.; Shin, Yoon S.; Yan, Yuxing - In: International journal of financial research 6 (2015) 4, pp. 10-21

Persistent link: https://www.econbiz.de/10011405341

Qualitative disclosure and credit analysts' soft rating adjustments

Bozanic, Zahn; Kraft, Pepa; Tillet, Andrea - In: The European accounting review 32 (2023) 4, pp. 779-807

Persistent link: https://www.econbiz.de/10014413941

Revisiting the time-varying credit rating policy : a new test of procyclicality

Hwang, Daniel; Kim, Yongjun - In: Applied economics letters 27 (2020) 10, pp. 810-815

Persistent link: https://www.econbiz.de/10012266919

The real effects of financial statement recognition : evidence from corporate credit ratings

Basu, Riddha; Naughton, James P. - In: Management science : journal of the Institute for … 66 (2020) 4, pp. 1672-1691

Persistent link: https://www.econbiz.de/10012268441

The role of rating agencies in international financial market

Miricescu, Emilian-Constantin - In: Theoretical and applied economics : GAER review 22 (2015) 1, pp. 209-214

Persistent link: https://www.econbiz.de/10011558466