Although the concept of 'financialization'has become increasingly popular across a wide
range of social sciences, it is largely excluded from the discourse of financial economists …

The alignment of a firm's performance measures with its strategic objectives is fundamental
to effective management control, at least in part because performance measures and stated …

We study how business press coverage can discipline credit rating agency actions. Because
of their greater prominence and visibility to market participants, more widely covered firms …

This paper addresses regulatory concerns that large shareholders of credit rating agencies
can influence the rating process. Unlike Standard & Poor's, which is a privately held division …

This article synthesizes the large literature regarding the role of various players in residential
mortgage-backed securities (RMBS) securitization at the center of the 2008–09 US housing …

We examine how the issuer-paid incumbent credit rating agencies (CRAs) in China adjust
their rating strategies in response to the 2010 entry of an independent credit rating agency …

We extend the literature on the costs of terrorism by examining its long-term impact on
financial markets, an underdeveloped strand of research within the terrorism construct …

Using 603 sovereign rating actions by the three leading global rating agencies between
January 2020 and March 2021, this paper shows that the severity of sovereign ratings …

This study investigates whether and when differences in the credit rating agencies'
methodologies result in differences in rating properties. In particular, this study focuses on …

We examine whether rating agencies act defensively toward issuers with a higher likelihood
of default. We find that agencies' qualitative soft rating adjustments are more accurate as …