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Credit-Rating Shopping, Selection and the Equilibrium Structure of Ratings
12 references·16 citing·46 second hop
Credit-Rating Shopping, Selection and the Equilibrium Structure of Ratings (2009)Credit-Rating Shopping, Selection and the…The ownership of ratings (2009)The ownership of ratingsThe Economics of Structured Finance (2009)The Economics of Structured F…The Credit Ratings Game (2009)The Credit Ratings GameEconomic Catastrophe Bonds (2008)Economic Catastrophe BondsMarket microstructure: A survey of microfoundations, empirical results, and policy implications (2005)Market microstructure: A surv…Credit Ratings as Coordination Mechanisms (2005)Credit Ratings as Coordinatio…Survivorship Bias in Performance Studies (1992)Survivorship Bias in Performa…A Theory of Auctions and Competitive Bidding (1982)A Theory of Auctions and Comp…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…Optimal contracts and competitive markets with costly state verification (1979)Optimal contracts and competi…The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)The Market for "Lemons": Qual…On the information content of credit ratings and market-based measures of default risk (2022)On the information content of…Local public finance dynamics and hurricane shocks (2022)Local public finance dynamics…The Economics of Credit Rating Agencies (2017)The Economics of Credit Ratin…CMBS Subordination, Ratings Inflation, and Regulatory‐Capital Arbitrage (2017)CMBS Subordination, Ratings I…Structured debt ratings: Evidence on conflicts of interest (2014)Structured debt ratings: Evid…Information reliability and welfare: A theory of coarse credit ratings (2014)Information reliability and w…Herding Behavior and Rating Convergence among Credit Rating Agencies: Evidence from the Subprime Crisis (2014)Herding Behavior and Rating C…Fear of rejection? Tiered certification and transparency (2013)Fear of rejection? Tiered cer…Credit rating industry: A helicopter tour of stylized facts and recent theories (2013)Credit rating industry: A hel…Repeated Interaction and Rating Inflation: A Model of Double Reputation (2012)Repeated Interaction and Rati…Implications of the Dodd-Frank Act* (2012)Implications of the Dodd-Fran…Credit Rating and Competition (2012)Credit Rating and CompetitionMarket Power and Reputational Concerns in the Ratings Industry (2011)Market Power and Reputational…Credit Ratings and Litigation Risk (2011)Credit Ratings and Litigation…The Credit Rating Crisis (2009)The Credit Rating CrisisSecuritization, Transparency and Liquidity (2009)Securitization, Transparency …COUNTERSPECULATION, AUCTIONS, AND COMPETITIVE SEALED TENDERS (1961)Optimal Auction Design (1981)The Theory of Incentives: The Principal-Agent Model (2001)Field Experiments (2004)Moral Hazard and Observability (1979)An Analysis of the Principal-Agent Problem (1983)Aggregation and Linearity in the Provision of Intertemporal Incentives (1987)An Empirical Evaluation of Accounting Income Numbers (1968)THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–1964 (1968)Modern Portfolio Theory and Investment Analysis. (1982)The Performance of Hedge Funds: Risk, Return, and Incentives (1999)International evidence on ethical mutual fund performance and investment style (2004)Can Mutual Fund “Stars” Really Pick Stocks? New Evidence from a Bootstrap Analysis (2006)Bid, ask and transaction prices in a specialist market with heterogeneously informed traders (1985)Continuous Auctions and Insider Trading (1985)Transparency and Liquidity: A Controlled Experiment on Corporate Bonds (2006)The Flash Crash: High-Frequency Trading in an Electronic Market (2011)Do Prices Reveal the Presence of Informed Trading? (2015)Theory of Value (1959)Essays in the Theory of Risk-Bearing. (1972)The Determination of Financial Structure: The Incentive-Signalling Approach (1977)Agency Costs, Net Worth, And Business Fluctuations (1988)Monitoring and Reputation: The Choice between Bank Loans and Directly Placed Debt (1991)Speculative Investor Behavior in a Stock Market with Heterogeneous Expectations (1978)Limited attention, information disclosure, and financial reporting (2003)Overconfidence and Speculative Bubbles (2003)Markets: The Credit Rating Agencies (2010)Quality Disclosure and Certification: Theory and Practice (2010)How did increased competition affect credit ratings? (2011)On the Pricing of Corporate Debt: The Risk Structure of Interest Rates (1974)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)Common risk factors in the returns on stocks and bonds (1993)Back to the basics in banking? A micro-analysis of banking system stability (2009)Neglected risks, financial innovation, and financial fragility (2011)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)Rating Agencies in the Face of Regulation (2011)Tiebreaker: Certification and Multiple Credit Ratings (2012)Voluntary disclosure with a strategic opponent (1990)Investor psychology in capital markets: evidence and policy implications (2002)The Economics of Privacy (2016)The Evolution of Cooperation (1981)Corporate financing and investment decisions when firms have information that investors do not have (1984)The Resource-Based Theory of Competitive Advantage: Implications for Strategy Formulation (1991)
this work references cited by second hop

References

  • 1970The Market for "Lemons": Quality Uncertainty and the Market Mechanism22,977 cited
  • 1982A Theory of Auctions and Competitive Bidding3,770 cited
  • 1979Optimal contracts and competitive markets with costly state verification3,201 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
  • 1992Survivorship Bias in Performance Studies1,118 cited
  • 2009The Credit Ratings Game966 cited
  • 2009The Economics of Structured Finance750 cited
  • 2005Credit Ratings as Coordination Mechanisms483 cited
  • 2005Market microstructure: A survey of microfoundations, empirical results, and policy implications471 cited
  • 2008Economic Catastrophe Bonds416 cited
  • 2009The ownership of ratings119 cited

Cited by

  • 2014Information reliability and welfare: A theory of coarse credit ratings103 cited
  • 2012Repeated Interaction and Rating Inflation: A Model of Double Reputation84 cited
  • 2014Structured debt ratings: Evidence on conflicts of interest81 cited

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

2012
Implications of the Dodd-Frank Act*
80 cited
  • 2013Fear of rejection? Tiered certification and transparency80 cited
  • 2022Local public finance dynamics and hurricane shocks77 cited
  • 2009The Credit Rating Crisis74 cited
  • 2011Market Power and Reputational Concerns in the Ratings Industry72 cited
  • 2017CMBS Subordination, Ratings Inflation, and Regulatory‐Capital Arbitrage61 cited
  • 2009Securitization, Transparency and Liquidity58 cited
  • 2017The Economics of Credit Rating Agencies55 cited
  • 2022On the information content of credit ratings and market-based measures of default risk54 cited
  • 2014Herding Behavior and Rating Convergence among Credit Rating Agencies: Evidence from the Subprime Crisis51 cited
  • 2011Credit Ratings and Litigation Risk50 cited
  • 2013Credit rating industry: A helicopter tour of stylized facts and recent theories47 cited
  • 2012Credit Rating and Competition36 cited