Information: Hard and soft
JM Liberti, MA Petersen - Review of Corporate Finance Studies, 2019 - academic.oup.com
Abstract Information, which can arrive in multiple forms, is a fundamental component of all
financial transactions and markets. We define hard and soft information and describe the …
financial transactions and markets. We define hard and soft information and describe the …
Partisan professionals: Evidence from credit rating analysts
E Kempf, M Tsoutsoura - The journal of finance, 2021 - Wiley Online Library
Partisan perception affects the actions of professionals in the financial sector. Linking credit
rating analysts to party affiliations from voter records, we show that analysts not affiliated with …
rating analysts to party affiliations from voter records, we show that analysts not affiliated with …
Opioid crisis effects on municipal finance
We investigate the effects of opioid abuse on municipal finance. We employ instrumental
variables, border discontinuity difference-in-differences regressions, and coarsened exact …
variables, border discontinuity difference-in-differences regressions, and coarsened exact …
Credit ratings across asset classes: A long-term perspective
We test whether ratings are comparable across asset classes. We examine default rates by
initial rating, accuracy ratios, migration metrics, instantaneous upgrade and downgrade …
initial rating, accuracy ratios, migration metrics, instantaneous upgrade and downgrade …
[HTML][HTML] Place attachment, audit pricing and audit quality
S Yuan, W Zhang, K Zhu - Journal of Contemporary Accounting & …, 2023 - Elsevier
Place attachment is an affective bond whereby people interact with and describe themselves
as belonging to specific places. This study investigates the presence of place attachment in …
as belonging to specific places. This study investigates the presence of place attachment in …
Local preferences and the allocation of attention in equity-based crowdfunding
This study examines drivers of investment probability in equity-based crowdfunding using a
hand-collected and comprehensive data set from a well-established platform. The analysis …
hand-collected and comprehensive data set from a well-established platform. The analysis …
[HTML][HTML] Politicians' connections and sovereign credit ratings
Using a unique hand-collected sample of professional connections between finance
ministers and the top executives of the three largest credit rating agencies (CRAs) for 38 …
ministers and the top executives of the three largest credit rating agencies (CRAs) for 38 …
Do security analysts discipline credit rating agencies?
Credit ratings of corporations are biased, but the forces driving this bias are unclear. We
argue it would be difficult for rating agencies to issue high grades for a firm's debt when …
argue it would be difficult for rating agencies to issue high grades for a firm's debt when …
Bowling alone, bowling together: Is social capital priced in bank loans?
CSA Cheng, J Wang, N Zhang… - Journal of Accounting …, 2017 - journals.sagepub.com
We investigate whether the societal-level social capital enjoyed by firms affects the cost of
their bank loans. Employing a measure of societal-level social capital for US counties, we …
their bank loans. Employing a measure of societal-level social capital for US counties, we …