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 …

We examine how a sample of publicly traded corporate bond issuers and institutional
investors assess the four major nationally recognized rating agencies and their role in …

This study provides a comprehensive analysis of credit rating economics and draws
conclusions on the nature of regulation. It starts with an overview of the credit rating industry …

The undergoing financial turbulence has raised significant concerns over the role that credit
rating agencies (CRAs) played in the inception, magnification and expansion of the crisis. In …

Average 128, 37 22, 03 18, 03% Outstanding corporate bonds in accordance with Table 1.
generally show an increase in trade with an average increase of 18.03% from 2007 to 2013 …

O objetivo da tese foi analisar a influência do rating, provido por agências independentes
na formação dos preços de emissão de debêntures. A base de dados contou com 354 …

Purpose: The purpose of this article is to assess whether having a creditworthiness
assessment from more than one credit rating agency by issuers of green debt instruments …

In this paper, we empirically investigate the impact of intensified competition on rating quality
in the credit rating market for residential mortgage‐backed securities (RMBS) in the period …

Credit rating agencies have suffered a serious loss in credibility in light of their role in the
recent mortgage credit crisis of 2008. The documented bias in credit ratings confronts …

According to the agency theory (Jensen & Meckling, 1976; Smith & Warner, 1979), agency
conflict may arise in the relationship between bondholders (the principals who provide the …