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The Economics of Solicited and Unsolicited Credit Ratings
16 references·13 citing·45 second hop
The Economics of Solicited and Unsolicited Credit Ratings (2010)The Economics of Solicited and Unsolicite…Anomalies and financial distress (2012)Anomalies and financial distr…Rating Agencies in the Face of Regulation (2011)Rating Agencies in the Face o…Markets: The Credit Rating Agencies (2010)Markets: The Credit Rating Ag…The Credit Ratings Game (2009)The Credit Ratings GameRatings shopping and asset complexity: A theory of ratings inflation (2009)Ratings shopping and asset co…Rating the raters: Are reputation concerns powerful enough to discipline rating agencies? (2009)Rating the raters: Are reputa…Ratings Shopping and Asset Complexity: A Theory of Ratings Inflation (2008)Ratings Shopping and Asset Co…Is There a Difference between Solicited and Unsolicited Bank Ratings and, If so, Why? (2005)Is There a Difference between…Does the Source of Capital Affect Capital Structure? (2005)Does the Source of Capital Af…Does the Source of Capital Affect Capital Structure? (2003)Does the Source of Capital Af…Are unsolicited credit ratings biased downward? (2003)Are unsolicited credit rating…Reputation, Renegotiation, and the Choice between Bank Loans and Publicly Traded Debt (1994)Reputation, Renegotiation, an…Investment Bank Reputation, Information Production, and Financial Intermediation (1994)Investment Bank Reputation, I…Reputation Acquisition in Debt Markets (1989)Reputation Acquisition in Deb…Reputation and imperfect information (1982)Reputation and imperfect info…Predation, reputation, and entry deterrence (1982)Predation, reputation, and en…Post-pandemic inflation: Phillips curve, trends, drivers and lessons (2022)Post-pandemic inflation: Phil…Credit Ratings and Market Information (2022)Credit Ratings and Market Inf…Follow the money: Investor trading around investor-paid credit rating changes (2019)Follow the money: Investor tr…Contracting on Credit Ratings: Adding Value to Public Information (2019)Contracting on Credit Ratings…User's Perceptions of Motivations and Risks in Crowdfunding with Financial Returns (2017)User's Perceptions of Motivat…The Economics of Credit Rating Agencies (2017)The Economics of Credit Ratin…Traders vs. Relationship Managers: Reputational Conflicts in Full-Service Investment Banks (2014)Traders vs. Relationship Mana…Credit rating industry: A helicopter tour of stylized facts and recent theories (2013)Credit rating industry: A hel…Rating Agency Reputation, the Global Financial Crisis, and the Cost of Debt (2012)Rating Agency Reputation, the…Can Competition Improve the Information Quality of Credit Ratings? (2012)Can Competition Improve the I…A Theoretical and Empirical Review of the EU Regulation on Credit Rating Agencies: In Search of Truth, Not Scapegoats (2012)A Theoretical and Empirical R…Ratings Quality Over the Business Cycle (2010)Ratings Quality Over the Busi…Rating Through the Relationship: Soft Information and Credit Ratings (2003)Rating Through the Relationsh…INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION (1977)Corporate financing and investment decisions when firms have information that investors do not have (1984)Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have (1984)Underwriter Reputation, Initial Returns, and the Long‐Run Performance of IPO Stocks (1998)A Theory of the Going-Public Decision (1999)Corporate social responsibility in the banking industry: Motives and financial performance (2013)Sequential Equilibria (1982)Did Subjectivity Play a Role in CDO Credit Ratings? (2011)The failure of models that predict failure: Distance, incentives, and defaults (2014)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Agency Problems and the Theory of the Firm (1980)Credit Rationing in Markets with Imperfect Information (1981)The importance of relationships to the availability of credit (1998)Herding among Investment Newsletters: Theory and Evidence (1999)The Digitization of Word of Mouth: Promise and Challenges of Online Feedback Mechanisms (2003)Industrial Market Structure and Economic Performance. (1971)Agreeing to Disagree (1976)Monitoring and Reputation: The Choice between Bank Loans and Directly Placed Debt (1991)Credible Commitments: Using Hostages to Support Exchange (1996)Reexamination of the perfectness concept for equilibrium points in extensive games (1975)The Optimal Degree of Commitment to an Intermediate Monetary Target (1985)A survey of trust and reputation systems for online service provision (2005)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)The role of banks in reducing the costs of financial distress in Japan (1990)Insiders and Outsiders: The Choice between Informed and Arm's-Length Debt (1992)Relationship Banking: What Do We Know? (2000)Capital Structure and Debt Structure (2010)How did increased competition affect credit ratings? (2011)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)On the Impossibility of Informationally Efficient Markets (1980)On the Impossibility of Informationally Efficient Markets (1980)Good News and Bad News: Representation Theorems and Applications (1981)
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References

  • 1982Reputation and imperfect information3,093 cited
  • 1982Predation, reputation, and entry deterrence1,850 cited
  • 1989Reputation Acquisition in Debt Markets1,627 cited
  • 2005Does the Source of Capital Affect Capital Structure?1,377 cited
  • 2009The Credit Ratings Game966 cited
  • 1994Investment Bank Reputation, Information Production, and Financial Intermediation780 cited
  • 1994Reputation, Renegotiation, and the Choice between Bank Loans and Publicly Traded Debt684 cited
  • 2010Markets: The Credit Rating Agencies606 cited
  • 2009Rating the raters: Are reputation concerns powerful enough to discipline rating agencies?560 cited
  • 2009Ratings shopping and asset complexity: A theory of ratings inflation461 cited
  • 2011Rating Agencies in the Face of Regulation386 cited
  • 2003Does the Source of Capital Affect Capital Structure?376 cited
  • 2012Anomalies and financial distress313 cited
  • 2003Are unsolicited credit ratings biased downward?186 cited
  • 2005Is There a Difference between Solicited and Unsolicited Bank Ratings and, If so, Why?148 cited
  • 2008Ratings Shopping and Asset Complexity: A Theory of Ratings Inflation

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143 cited

Cited by

  • 2010Ratings Quality Over the Business Cycle59 cited
  • 2017The Economics of Credit Rating Agencies55 cited
  • 2012Rating Agency Reputation, the Global Financial Crisis, and the Cost of Debt50 cited
  • 2013Credit rating industry: A helicopter tour of stylized facts and recent theories47 cited
  • 2022Credit Ratings and Market Information43 cited
  • 2017User's Perceptions of Motivations and Risks in Crowdfunding with Financial Returns39 cited
  • 2019Contracting on Credit Ratings: Adding Value to Public Information35 cited
  • 2003Rating Through the Relationship: Soft Information and Credit Ratings29 cited
  • 2019Follow the money: Investor trading around investor-paid credit rating changes26 cited
  • 2012A Theoretical and Empirical Review of the EU Regulation on Credit Rating Agencies: In Search of Truth, Not Scapegoats23 cited
  • 2012Can Competition Improve the Information Quality of Credit Ratings?21 cited
  • 2014Traders vs. Relationship Managers: Reputational Conflicts in Full-Service Investment Banks15 cited
  • 2022Post-pandemic inflation: Phillips curve, trends, drivers and lessons10 cited