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The Paradox of Credit Ratings
6 references·16 citing·55 second hop
The Paradox of Credit Ratings (2002)The Paradox of Credit RatingsAn Historical Primer on the Business of Credit Rating (2002)An Historical Primer on the B…The Siskel and Ebert of Financial Markets: Two Thumbs Down for the Credit Rating Agencies (1999)The Siskel and Ebert of Finan…The Effect of Bond-Rating Changes on Bond Price Performance (1997)The Effect of Bond-Rating Cha…The Role of Debt in Interactive Corporate Governance (1995)The Role of Debt in Interacti…THE ADJUSTMENT OF STOCK PRICES TO BOND RATING CHANGES (1978)THE ADJUSTMENT OF STOCK PRICE…A MULTIVARIATE ANALYSIS OF INDUSTRIAL BOND RATINGS (1973)A MULTIVARIATE ANALYSIS OF IN…What's Observed in a Rating? Rankings as Orientation in the Face of Uncertainty (2019)What's Observed in a Rating? …Modelling sovereign credit ratings: The accuracy of models in a heterogeneous sample (2016)Modelling sovereign credit ra…The Origin of Bias in Sovereign Credit Ratings: Reconciling Agency Views with Institutional Quality (2014)The Origin of Bias in Soverei…The impact of issuer-pay on corporate bond rating properties: Evidence from Moody׳s and S&P׳s initial adoptions (2014)The impact of issuer-pay on c…Credit rating agencies and the sovereign debt crisis: Performing the politics of creditworthiness through risk and uncertainty (2012)Credit rating agencies and th…Bank Ratings: What Determines Their Quality? (2012)Bank Ratings: What Determines…A public good approach to credit ratings – From concept to reality (2012)A public good approach to cre…Sovereign Risk Ratings: Biased Toward Developed Countries? (2011)Sovereign Risk Ratings: Biase…The role of ratings in the subprime mortgage crisis: The art of corporate and the science of consumer credit rating (2010)The role of ratings in the su…The Economic Function of Credit Rating Agencies - What Does the Watchlist Tell Us? (2009)The Economic Function of Cred…The 2007 Meltdown in Structured Securitization: Searching for Lessons not Scapegoats (2009)The 2007 Meltdown in Structur…The 2007 Meltdown In Structured Securitization: Searching For Lessons, Not Scapegoats (2008)The 2007 Meltdown In Structur…Smoothing versus timeliness - wann sind stabile Ratings optimal und welche Anforderungen sind an optimale Berichtsregeln zu stellen? (2007)Smoothing versus timeliness -…Holding Global Regulators Accountable: The Case of Credit Rating Agencies (2005)Holding Global Regulators Acc…Evaluating the Evaluators: Should Investors Trust Corporate Governance Metrics Ratings? (2005)Evaluating the Evaluators: Sh…Do credit rating agencies add to the dynamics of emerging market crises? (2005)Do credit rating agencies add…A history of interest rates (1963)A History of Interest Rates. (1978)The Rise of Financial Capitalism: International Capital Markets in the Age of Reason. (1992)Ratings Shopping and Asset Complexity: A Theory of Ratings Inflation (2008)Bonds and Brands: Foundations of Sovereign Debt Markets, 1820–1830 (2009)Wages and Human Capital in the U.S. Financial Industry: 1909-2006 (2009)FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY (1968)Applied factor analysis (1970)An Empirical Analysis of Useful Financial Ratios (1981)The Analysis and Use of Financial Ratios: A Review Article (1987)Handbook of social psychology (2004)Policy Uncertainty and Corporate Credit Spreads (2017)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)Risk, Return, and Equilibrium: Empirical Tests (1973)Differential properties in the ratings of certified versus non-certified bond-rating agencies (2006)The Relationship between Credit Default Swap Spreads, Bond Yields, and Credit Rating Announcements (2012)Have Rating Agencies Become More Conservative? Implications for Capital Structure and Debt Pricing (2014)The effect of a rating change announcement on bond price (1977)The Effect of Bond Rating Agency Announcements on Bond and Stock Prices (1992)Bondholder Losses in Leveraged Buyouts (1993)Credit Risk and Risk Neutral Default Probabilities: Information About Rating Migrations and Defaults (2003)Credit Ratings and Stock Liquidity (2005)Credit Ratings and the Cost of Municipal Financing (2017)Currency crashes in emerging markets: An empirical treatment (1996)The East Asian Financial Crisis: Diagnosis, Remedies, Prospects (1998)Do sovereign credit ratings influence regional stock and bond market interdependencies in emerging countries? (2012)Sovereign credit ratings and financial markets linkages: Application to European data (2012)The Econometrics of Financial Markets (2012)Credit rating agency downgrades and the Eurozone sovereign debt crises (2016)The Unanticipated Consequences of Purposive Social Action (1936)The Philosophy of Money (2004)Rankings and Reactivity: How Public Measures Recreate Social Worlds (2007)Reactivity to Sustainability Metrics: A Configurational Study of Motivation and Capacity (2020)The Politics of Reactivity: Ambivalence in corporate responses to corporate social responsibility ratings (2020)The absorption and multiplication of uncertainty in machine‐learning‐driven finance (2021)Bank Runs, Deposit Insurance, and Liquidity (1983)Finance and Growth: Theory and Evidence (2004)Deciphering the Liquidity and Credit Crunch 2007–2008 (2009)The financial crisis in Europe: evolution, policy responses and lessons for the future (2009)What Are Grades Made Of? (2009)Determinants of efficiency in South East Asian banking (2011)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)Forecasting Default with the Merton Distance to Default Model (2008)The real effects of financial constraints: Evidence from a financial crisis (2010)Quality of bank capital and bank lending behavior during the global financial crisis (2014)Structured debt ratings: Evidence on conflicts of interest (2014)The sovereign-bank rating channel and rating agencies' downgrades during the European debt crisis (2014)Some Differences in Corporate Structure in Germany, Japan, and the United States (1993)A Bundle Perspective to Comparative Corporate Governance (2012)Banks’ Interventions and Firms’ Innovation: Evidence from Debt Covenant Violations (2017)Corporate governance and MNE strategies in emerging economies (2019)Initial Evidence on the Role of Accounting Earnings in the Bond Market (2009)Corporate Governance and Banks: What Have We Learned from the Financial Crisis? (2011)Estimating the Costs of Issuer-Paid Credit Ratings (2013)
this work references cited by second hop

References

  • 1973A MULTIVARIATE ANALYSIS OF INDUSTRIAL BOND RATINGS413 cited
  • 1978THE ADJUSTMENT OF STOCK PRICES TO BOND RATING CHANGES304 cited
  • 1999The Siskel and Ebert of Financial Markets: Two Thumbs Down for the Credit Rating Agencies263 cited
  • 1997The Effect of Bond-Rating Changes on Bond Price Performance224 cited
  • 2002An Historical Primer on the Business of Credit Rating185 cited
  • 1995The Role of Debt in Interactive Corporate Governance139 cited

Cited by

  • 2019What's Observed in a Rating? Rankings as Orientation in the Face of Uncertainty179 cited
  • 2005Do credit rating agencies add to the dynamics of emerging market crises?116 cited
  • 2012Bank Ratings: What Determines Their Quality?113 cited
  • 2008The 2007 Meltdown In Structured Securitization: Searching For Lessons, Not Scapegoats93 cited
  • 2005Holding Global Regulators Accountable: The Case of Credit Rating Agencies78 cited
  • 2014The impact of issuer-pay on corporate bond rating properties: Evidence from Moody׳s and S&P׳s initial adoptions76 cited
  • 2012Credit rating agencies and the sovereign debt crisis: Performing the politics of creditworthiness through risk and uncertainty71 cited
  • 2009The 2007 Meltdown in Structured Securitization: Searching for Lessons not Scapegoats

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69 cited
  • 2012A public good approach to credit ratings – From concept to reality68 cited
  • 2016Modelling sovereign credit ratings: The accuracy of models in a heterogeneous sample67 cited
  • 2010The role of ratings in the subprime mortgage crisis: The art of corporate and the science of consumer credit rating66 cited
  • 2011Sovereign Risk Ratings: Biased Toward Developed Countries?65 cited
  • 2009The Economic Function of Credit Rating Agencies - What Does the Watchlist Tell Us?61 cited
  • 2005Evaluating the Evaluators: Should Investors Trust Corporate Governance Metrics Ratings?54 cited
  • 2007Smoothing versus timeliness - wann sind stabile Ratings optimal und welche Anforderungen sind an optimale Berichtsregeln zu stellen?41 cited
  • 2014The Origin of Bias in Sovereign Credit Ratings: Reconciling Agency Views with Institutional Quality38 cited