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Ratings Shopping and Asset Complexity: A Theory of Ratings Inflation
16 references·16 citing·39 second hopsampled
Ratings Shopping and Asset Complexity: A Theory of Ratings Inflation (2008)Ratings Shopping and Asset Complexity: A …Learning from Prices and the Dispersion in Beliefs (2011)Learning from Prices and the …Media Frenzies in Markets for Financial Information (2006)Media Frenzies in Markets for…Gatekeepers: The Professions and Corporate Governance (2006)Gatekeepers: The Professions …Conflicts of interest, information provision, and competition in the financial services industry (2006)Conflicts of interest, inform…Cursed Equilibrium (2005)Cursed EquilibriumWealth, Information Acquisition, and Portfolio Choice (2003)Wealth, Information Acquisiti…An Analysis of Stock Recommendations (2003)An Analysis of Stock Recommen…Asset Pricing under Asymmetric Information (2001)Asset Pricing under Asymmetri…Acquisition and Disclosure of Information Prior to Sale (1994)Acquisition and Disclosure of…Using Privileged Information to Manipulate Markets: Insiders, Gurus, and Credibility (1992)Using Privileged Information …Truthful Disclosure of Information (1982)Truthful Disclosure of Inform…The Informational Role of Warranties and Private Disclosure about Product Quality (1981)The Informational Role of War…Good News and Bad News: Representation Theorems and Applications (1981)Good News and Bad News: Repre…On the Impossibility of Informationally Efficient Markets (1980)On the Impossibility of Infor…On the Impossibility of Informationally Efficient Markets (1980)On the Impossibility of Infor…On the aggregation of information in competitive markets (1980)On the aggregation of informa…Where the Heart Is: Information Production and the Home Bias (2020)Where the Heart Is: Informati…The Economics of Credit Rating Agencies (2017)The Economics of Credit Ratin…Credit Rating Inflation and Firms' Investments (2017)Credit Rating Inflation and F…Competition and Credit Ratings After the Fall (2017)Competition and Credit Rating…Does Regulatory Certification Affect the Information Content of Credit Ratings? (2015)Does Regulatory Certification…Does Increased Competition Affect Credit Ratings? A Reexamination of the Effect of Fitch’s Market Share on Credit Ratings in the Corporate Bond Market (2015)Does Increased Competition Af…Herding Behavior and Rating Convergence among Credit Rating Agencies: Evidence from the Subprime Crisis (2014)Herding Behavior and Rating C…Bank Ratings: What Determines Their Quality? (2012)Bank Ratings: What Determines…Market Power and Reputational Concerns in the Ratings Industry (2011)Market Power and Reputational…Do Security Analysts Discipline Credit Rating Agencies? (2011)Do Security Analysts Discipli…The Economics of Solicited and Unsolicited Credit Ratings (2010)The Economics of Solicited an…Tiebreaker: Certification and Multiple Credit Ratings (2009)Tiebreaker: Certification and…THE CREDIT‐RATING AGENCIES AND THE SUBPRIME DEBACLE (2009)THE CREDIT‐RATING AGENCIES AN…The Credit Rating Crisis (2009)The Credit Rating CrisisRegulation of credit rating agencies (2009)Regulation of credit rating a…Are All Ratings Created Equal? The Impact of Issuer Size on the Pricing of Mortgage-Backed Securities (2009)Are All Ratings Created Equal…Strategic Information Transmission (1982)Continuous Auctions and Insider Trading (1985)Synchronization risk and delayed arbitrage (2002)Manipulation and the Allocational Role of Prices (2008)Rating the raters: Are reputation concerns powerful enough to discipline rating agencies? (2009)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)The Theory of Screening, Education, and the Distribution of Income (1975)The Private and Social Value of Information and the Reward to Inventive Activity (1978)Asymmetric Information, Adverse Selection and Online Disclosure: The Case of eBay Motors (2010)Natural disasters, risk salience, and corporate ESG disclosure (2021)COUNTERSPECULATION, AUCTIONS, AND COMPETITIVE SEALED TENDERS (1961)Moral Hazard and Observability (1979)An Analysis of the Principal-Agent Problem (1983)Aggregation and Linearity in the Provision of Intertemporal Incentives (1987)The Theory of Incentives: The Principal-Agent Model (2001)Risk Aversion in the Small and in the Large (1964)Efficient Capital Markets: A Review of Theory and Empirical Work (1970)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Herd Behavior and Investment (1988)Differences of Opinion Make a Horse Race (1993)Volume, Volatility, Price, and Profit When All Traders Are Above Average (1998)The General Theory of Employment, Interest and Money. (1936)Learning in Financial Markets (2009)Cross-country effects in herding behaviour: Evidence from four south European markets (2011)Who Drove and Burst the Tech Bubble? (2011)A Theory of Auctions and Competitive Bidding (1982)Quantal Response Equilibria for Normal Form Games (1995)Overcommunication in strategic information transmission games (2005)Overconfident Investors, Predictable Returns, and Excessive Trading (2015)Presidential Address: Social Transmission Bias in Economics and Finance (2020)Noise Trader Risk in Financial Markets (1990)Efficient Capital Markets: II (1991)Investor Psychology and Security Market Under‐ and Overreactions (1998)Voluntary disclosure with a strategic opponent (1990)Investor psychology in capital markets: evidence and policy implications (2002)The Economics of Privacy (2016)The Stakeholder Model Refined (2008)Ratings shopping and asset complexity: A theory of ratings inflation (2009)Professionals and field-level change: Institutional work and the professional project (2011)
this work references cited by second hop· second hop is a sample of the most-cited connections

References

  • 1980On the Impossibility of Informationally Efficient Markets5,122 cited
  • 1980On the Impossibility of Informationally Efficient Markets3,640 cited
  • 1981Good News and Bad News: Representation Theorems and Applications3,198 cited
  • 1981The Informational Role of Warranties and Private Disclosure about Product Quality2,491 cited
  • 1980On the aggregation of information in competitive markets1,247 cited
  • 1992Using Privileged Information to Manipulate Markets: Insiders, Gurus, and Credibility568 cited
  • 1982Truthful Disclosure of Information526 cited
  • 2006Gatekeepers: The Professions and Corporate Governance452 cited
  • 2005Cursed Equilibrium436 cited
  • 2001Asset Pricing under Asymmetric Information408 cited
  • 1994Acquisition and Disclosure of Information Prior to Sale316 cited
  • 2003Wealth, Information Acquisition, and Portfolio Choice311 cited
  • 2006Media Frenzies in Markets for Financial Information306 cited
  • 2011Learning from Prices and the Dispersion in Beliefs300 cited
  • 2003An Analysis of Stock Recommendations288 cited
  • 2006Conflicts of interest, information provision, and competition in the financial services industry

Only edges whose both ends are imported exist here. Widen the year window, or show the whole map. Back to the work

222 cited

Cited by

  • 2009THE CREDIT‐RATING AGENCIES AND THE SUBPRIME DEBACLE134 cited
  • 2015Does Regulatory Certification Affect the Information Content of Credit Ratings?127 cited
  • 2009Tiebreaker: Certification and Multiple Credit Ratings120 cited
  • 2012Bank Ratings: What Determines Their Quality?113 cited
  • 2017Credit Rating Inflation and Firms' Investments97 cited
  • 2009Regulation of credit rating agencies89 cited
  • 2020Where the Heart Is: Information Production and the Home Bias85 cited
  • 2017Competition and Credit Ratings After the Fall85 cited
  • 2015Does Increased Competition Affect Credit Ratings? A Reexamination of the Effect of Fitch’s Market Share on Credit Ratings in the Corporate Bond Market76 cited
  • 2010The Economics of Solicited and Unsolicited Credit Ratings75 cited
  • 2009The Credit Rating Crisis74 cited
  • 2011Market Power and Reputational Concerns in the Ratings Industry72 cited
  • 2009Are All Ratings Created Equal? The Impact of Issuer Size on the Pricing of Mortgage-Backed Securities69 cited
  • 2011Do Security Analysts Discipline Credit Rating Agencies?62 cited
  • 2017The Economics of Credit Rating Agencies55 cited
  • 2014Herding Behavior and Rating Convergence among Credit Rating Agencies: Evidence from the Subprime Crisis51 cited