The Economics of Credit Rating Agencies
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DOI: 10.1561/0500000048
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References listed on IDEAS
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Citations
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Cited by:
- Rosati, Nicoletta & Bellia, Mario & Matos, Pedro Verga & Oliveira, Vasco, 2020.
"Ratings matter: Announcements in times of crisis and the dynamics of stock markets,"
Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 64(C).
- Rosati, Nicoletta & Bellia, Mario & Matos, Pedro Verga & Oliviera, Vasco, 2019. "Ratings matter: announcements in times of crisis and the dynamics of stock markets," JRC Working Papers in Economics and Finance 2019-08, Joint Research Centre, European Commission.
- Xudong An & Larry Cordell & Joseph B. Nichols, 2020. "Reputation, Information, and Herding in Credit Ratings: Evidence from CMBS," The Journal of Real Estate Finance and Economics, Springer, vol. 61(3), pages 476-504, October.
- Elisabeth Kempf & Margarita Tsoutsoura, 2021.
"Partisan Professionals: Evidence from Credit Rating Analysts,"
Journal of Finance, American Finance Association, vol. 76(6), pages 2805-2856, December.
- Elisabeth Kempf & Margarita Tsoutsoura, 2018. "Partisan Professionals: Evidence from Credit Rating Analysts," NBER Working Papers 25292, National Bureau of Economic Research, Inc.
- Kempf, Elisabeth & Tsoutsoura, Margarita, 2018. "Partisan Professionals: Evidence from Credit Rating Analysts," CEPR Discussion Papers 14343, C.E.P.R. Discussion Papers.
- Abidi, Nordine & Falagiarda, Matteo & Miquel-Flores, Ixart, 2023.
"Quantitative easing and credit rating agencies,"
International Review of Financial Analysis, Elsevier, vol. 86(C).
- Nordine Abidi & Matteo Falagiarda & Ixart Miquel-Flores, 2022. "Quantitative Easing and Credit Rating Agencies," IMF Working Papers 2022/113, International Monetary Fund.
- Andra C. Ghent & Kristian R. Miltersen & Walter N. Torous, 2020. "Second Mortgages: Valuation and Implications for the Performance of Structured Financial Products," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 48(4), pages 1234-1273, December.
- Hung, Mingyi & Kraft, Pepa & Wang, Shiheng & Yu, Gwen, 2022. "Market power and credit rating standards: Global evidence," Journal of Accounting and Economics, Elsevier, vol. 73(2).
- Goergen, Marc & Gounopoulos, Dimitrios & Koutroumpis, Panagiotis, 2021.
"Do multiple credit ratings reduce money left on the table? Evidence from U.S. IPOs,"
Journal of Corporate Finance, Elsevier, vol. 67(C).
- Marc Goergen & Dimitrios Gounopoulos & Panagiotis Koutroumpis, 2019. "Do Multiple Credit Ratings Reduce Money Left on the Table? Evidence from US. IPOs," Working Papers 884, Queen Mary University of London, School of Economics and Finance.
- Leuz, Christian & Malani, Anup & Muhn, Maximilian & Jakab, László, 2022.
"Do conflict of interests disclosures work? Evidence from citations in medical journals,"
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702, Center for Financial Studies (CFS).
- Christian Leuz & Anup Malani & Maximilian Muhn & Laszlo Jakab, 2023. "Do Conflict of Interests Disclosures Work? Evidence from Citations in Medical Journals," NBER Working Papers 30927, National Bureau of Economic Research, Inc.
- Terovitis, Spyros, 2022. "Information disclosure and the feedback effect in capital markets," Journal of Financial Intermediation, Elsevier, vol. 49(C).
- Basu, Kaushik & Sun, Haokun, 2022. "The power and influence of rating agencies with insights into their misuse," Economic Modelling, Elsevier, vol. 109(C).
- Fathi Nakai & Tarek Chebbi, 2023. "The informational content of sovereign credit rating: another look," Journal of Asset Management, Palgrave Macmillan, vol. 24(5), pages 353-373, September.
- Alanis, Emmanuel, 2020. "Is there valuable private information in credit ratings?," The North American Journal of Economics and Finance, Elsevier, vol. 54(C).
- Martijn Boermans & Bram van der Kroft, 2020. "Capital regulation induced reaching for systematic yield: Financial instability through fire sales," Working Papers 673, DNB.
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More about this item
Keywords
Credit rating agencies; information production; information intermediation; conflict of interest; reputation; selection; competition; regulation; systemic risk;All these keywords.
JEL classification:
- D4 - Microeconomics - - Market Structure, Pricing, and Design
- D6 - Microeconomics - - Welfare Economics
- D8 - Microeconomics - - Information, Knowledge, and Uncertainty
- G2 - Financial Economics - - Financial Institutions and Services
- G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
- L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
- L5 - Industrial Organization - - Regulation and Industrial Policy
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