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Dynamique de la Notation et Performance Financière de l'Entreprise

Author

Listed:
  • Meriem Seffar

    (GRM - Groupe de Recherche en Management - EA 4711 - UNS - Université Nice Sophia Antipolis (1965 - 2019) - UniCA - Université Côte d'Azur)

  • Bernard Olivero

    (GRM - Groupe de Recherche en Management - EA 4711 - UNS - Université Nice Sophia Antipolis (1965 - 2019) - UniCA - Université Côte d'Azur)

  • Philippe Luu

    (GRM - Groupe de Recherche en Management - EA 4711 - UNS - Université Nice Sophia Antipolis (1965 - 2019) - UniCA - Université Côte d'Azur)

Abstract

The rating agencies could not anticipate many financial crises and could not predict the failure of some big companies and banks such as Enron, Lehman Brothers ... .. In a context of globalization and development of financial markets, where the role of these rating agencies is growing, these events continue to call into question the reliability of credit ratings. This article examines the quality of financial ratings and analyzes the credibility of agencies, which sometimes attempt to provide credit ratings that are likely to remain broadly stable, whereas they should reflect, first, the financial position of the company, its solvency and ability to meet future commitments. Thus, in this article, we analyze the relationship between financial ratings and financial indicators and try to explain the ratings late adjustment.

Suggested Citation

  • Meriem Seffar & Bernard Olivero & Philippe Luu, 2019. "Dynamique de la Notation et Performance Financière de l'Entreprise," Working Papers hal-02307764, HAL.
    • Handle: RePEc:hal:wpaper:hal-02307764
    Note: View the original document on HAL open archive server: https://hal.science/hal-02307764
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    References listed on IDEAS

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