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A public good approach to credit ratings – From concept to reality
16 references·12 citing·46 second hop
A public good approach to credit ratings – From concept to reality (2012)A public good approach to credit ratings …Ratings quality over the business cycle (2012)Ratings quality over the busi…Multiperiod corporate default prediction—A forward intensity approach (2012)Multiperiod corporate default…How did increased competition affect credit ratings? (2011)How did increased competition…Markets: The Credit Rating Agencies (2010)Markets: The Credit Rating Ag…Dodd-Frank Wall Street Reform and Consumer Protection Act (2010)Dodd-Frank Wall Street Reform…The Credit Ratings Game (2009)The Credit Ratings GameRating the raters: Are reputation concerns powerful enough to discipline rating agencies? (2009)Rating the raters: Are reputa…Global Imbalances and Financial Fragility (2009)Global Imbalances and Financi…Multi-period corporate default prediction with stochastic covariates (2006)Multi-period corporate defaul…How and Why Credit Rating Agencies Are Not Like Other Gatekeepers (2006)How and Why Credit Rating Age…Credit Ratings and Capital Structure (2006)Credit Ratings and Capital St…Does the Source of Capital Affect Capital Structure? (2005)Does the Source of Capital Af…Credit Ratings as Coordination Mechanisms (2005)Credit Ratings as Coordinatio…Parameterizing credit risk models with rating data (2001)Parameterizing credit risk mo…The Credit Rating Industry (1995)The Credit Rating IndustryMoral Hazard and Information Sharing: A Model of Financial Information Gathering Agencies (1985)Moral Hazard and Information …Environment, social and governance (ESG) performance and CDS spreads: the role of country sustainability (2023)Environment, social and gover…Firm-level political risk and distance-to-default (2022)Firm-level political risk and…Financial stress and economic growth: The moderating role of trust (2021)Financial stress and economic…Which Sustainability Dimensions Affect Credit Risk? Evidence from Corporate and Country-Level Measures (2020)Which Sustainability Dimensio…The global financial crisis, the EMU sovereign debt crisis and international financial regulation: lessons from a systematic literature review (2020)The global financial crisis, …From gatekeepers to gateway constructors: Credit rating agencies and the financialisation of housing associations (2019)From gatekeepers to gateway c…Employees' risk attitude and corporate risk taking: Evidence from pension asset allocations (2017)Employees' risk attitude and …Dynamic Dependence and Diversification in Corporate Credit (2017)Dynamic Dependence and Divers…Capital Market Development and Firm Restructuring During an Economic Shock (2017)Capital Market Development an…The Effect of Regulations on Pension Risk Shifting: Evidence from the US and Europe (2016)The Effect of Regulations on …Global Credit Risk: World, Country and Industry Factors (2016)Global Credit Risk: World, Co…Corporate Vulnerability Index as a Fear Gauge?Exploring the Contagion Effect between U.S. and Korean Markets (2015)Corporate Vulnerability Index…Predation, reputation, and entry deterrence (1982)Sequential Equilibria (1982)Reputation Acquisition in Debt Markets (1989)Did Subjectivity Play a Role in CDO Credit Ratings? (2011)Rating Agencies in the Face of Regulation (2011)The failure of models that predict failure: Distance, incentives, and defaults (2014)Deciphering the Liquidity and Credit Crunch 2007–2008 (2009)The Economics of Two-Sided Markets (2009)Basel Committee On Banking Supervision (2010)Does it matter who pays for bond ratings? Historical evidence (2012)Good disclosure, bad disclosure (2018)Speculative Investor Behavior in a Stock Market with Heterogeneous Expectations (1978)Limited attention, information disclosure, and financial reporting (2003)Overconfidence and Speculative Bubbles (2003)Quality Disclosure and Certification: Theory and Practice (2010)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Risk, Return, and Equilibrium: Empirical Tests (1973)Econometric Analysis of Cross Section and Panel Data (2001)Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2006)Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)Policy Uncertainty and Corporate Investment (2015)Moral Hazard in Teams (1982)Financial Intermediation and Delegated Monitoring (1984)Business conditions and expected returns on stocks and bonds (1989)The Real Effects of Debt Certification: Evidence from the Introduction of Bank Loan Ratings (2007)Tiebreaker: Certification and Multiple Credit Ratings (2012)FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY (1968)The Pricing of Options and Corporate Liabilities (1973)Financial Ratios and the Probabilistic Prediction of Bankruptcy (1980)Forecasting Default with the Merton Distance to Default Model (2008)Credit Spreads and Business Cycle Fluctuations (2012)Hazardous Times for Monetary Policy: What Do Twenty-Three Million Bank Loans Say About the Effects of Monetary Policy on Credit Risk-Taking? (2014)The Role of Market Forces in Assuring Contractual Performance (1981)The theory and practice of corporate finance: evidence from the field (2001)Reaching for Yield in the Bond Market (2014)Stock price reactions to ESG news: the role of ESG ratings and disagreement (2022)Determinants of corporate borrowing (1977)Corporate financing and investment decisions when firms have information that investors do not have (1984)Capital Structure and Debt Structure (2010)Does Credit Competition Affect Small‐Firm Finance? (2010)Determinants and Impact of Sovereign Credit Ratings (1996)Macroeconomic Dynamics and Credit Risk: A Global Perspective (2006)The Credit Crisis as a Problem in the Sociology of Knowledge (2011)Systemic Risk Contributions (2011)Institutional Investor Preferences for Corporate Governance Mechanisms (2013)The Deterrent Effect of Employee Whistleblowing on Firms' Financial Misreporting and Tax Aggressiveness (2017)
this work references cited by second hop

References

  • 2005Does the Source of Capital Affect Capital Structure?1,377 cited
  • 2006Multi-period corporate default prediction with stochastic covariates973 cited
  • 2009The Credit Ratings Game966 cited
  • 2006Credit Ratings and Capital Structure847 cited
  • 2011How did increased competition affect credit ratings?695 cited
  • 2010Markets: The Credit Rating Agencies606 cited
  • 2009Rating the raters: Are reputation concerns powerful enough to discipline rating agencies?560 cited
  • 2005Credit Ratings as Coordination Mechanisms483 cited
  • 1995The Credit Rating Industry455 cited
  • 2010Dodd-Frank Wall Street Reform and Consumer Protection Act422 cited
  • 2009Global Imbalances and Financial Fragility384 cited
  • 2012Multiperiod corporate default prediction—A forward intensity approach365 cited
  • 2012Ratings quality over the business cycle297 cited
  • 1985Moral Hazard and Information Sharing: A Model of Financial Information Gathering Agencies264 cited
  • 2006How and Why Credit Rating Agencies Are Not Like Other Gatekeepers217 cited
  • 2001Parameterizing credit risk models with rating data

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196 cited

Cited by

  • 2020The global financial crisis, the EMU sovereign debt crisis and international financial regulation: lessons from a systematic literature review55 cited
  • 2023Environment, social and governance (ESG) performance and CDS spreads: the role of country sustainability52 cited
  • 2017Dynamic Dependence and Diversification in Corporate Credit51 cited
  • 2015Corporate Vulnerability Index as a Fear Gauge?Exploring the Contagion Effect between U.S. and Korean Markets45 cited
  • 2019From gatekeepers to gateway constructors: Credit rating agencies and the financialisation of housing associations42 cited
  • 2022Firm-level political risk and distance-to-default39 cited
  • 2016Global Credit Risk: World, Country and Industry Factors38 cited
  • 2020Which Sustainability Dimensions Affect Credit Risk? Evidence from Corporate and Country-Level Measures33 cited
  • 2016The Effect of Regulations on Pension Risk Shifting: Evidence from the US and Europe30 cited
  • 2017Capital Market Development and Firm Restructuring During an Economic Shock27 cited
  • 2017Employees' risk attitude and corporate risk taking: Evidence from pension asset allocations26 cited
  • 2021Financial stress and economic growth: The moderating role of trust17 cited