Prior research on the determinants of credit ratings has focused on rating agencies' use of
quantitative accounting information, but the there is scant evidence on the impact of textual …

Prior research shows that firms' financial statement comparability improves the accuracy of
market participants' valuation judgments and thus may reduce firms' costs of capital. Distinct …

We investigate the nascent but fast-growing Chinese bond market and credit rating industry.
We find Chinese bond ratings are informative and significantly correlated with bond offering …

Does managerial ability and auditor report readability affect corporate liquidity and cost of
debt? | Emerald Insight Books and journals Case studies Expert Briefings Open Access Publish …

This study finds that better reporting quality is associated with less uncertainty about credit
risk as captured by disagreement among the credit rating agencies. The results also show …

Purpose This paper aims to examine the relationship between the readability of annual
reports and corporate performance in Qatari listed firms while controlling for a firm's …

We find evidence of systematic optimism and pessimism among credit analysts, comparing
contemporaneous ratings of the same firm across rating agencies. These differences in …

We examine the relative impact of Moody's and S&P ratings on bond yields and find that at
issuance, yields on split rated bonds with superior Moody's ratings are about 8 basis points …

This study examines whether and how the properties of corporate bond ratings change
following Moody׳ s and S&P׳ s adoptions of the issuer-pay business model in the early …

We find evidence indicating that donors use third‐party rating information when they donate
to US nonprofit organizations (nonprofits). Specifically, using a sample of over 3,800 unique …