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Structured debt ratings: Evidence on conflicts of interest
16 references·11 citing·40 second hop
Structured debt ratings: Evidence on conflicts of interest (2014)Structured debt ratings: Evidence on conf…Rating Agencies in the Face of Regulation (2011)Rating Agencies in the Face o…How did increased competition affect credit ratings? (2011)How did increased competition…Did Subjectivity Play a Role in CDO Credit Ratings? (2011)Did Subjectivity Play a Role …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…Do Firms Target Credit Ratings or Leverage Levels? (2009)Do Firms Target Credit Rating…Deciphering the Liquidity and Credit Crunch 2007–2008 (2009)Deciphering the Liquidity and…Economic Catastrophe Bonds (2008)Economic Catastrophe BondsCredit Ratings and Capital Structure (2006)Credit Ratings and Capital St…Equity Volatility and Corporate Bond Yields (2003)Equity Volatility and Corpora…The Determinants of Credit Spread Changes (2001)The Determinants of Credit Sp…The Relation Between Treasury Yields and Corporate Bond Yield Spreads (1998)The Relation Between Treasury…A Simple Approach to Valuing Risky Fixed and Floating Rate Debt (1995)A Simple Approach to Valuing …The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)The Market for "Lemons": Qual…Do Commercial Ties Influence ESG Ratings? Evidence from Moody's and S&P (2024)Do Commercial Ties Influence …The Rise of Bond Financing in Europe (2022)The Rise of Bond Financing in…Ten Years of Evidence: Was Fraud a Force in the Financial Crisis? (2021)Ten Years of Evidence: Was Fr…Are CLO Collateral and Tranche Ratings Disconnected? (2020)Are CLO Collateral and Tranch…The job rating game: Revolving doors and analyst incentives (2019)The job rating game: Revolvin…Reputations and credit ratings: Evidence from commercial mortgage-backed securities (2019)Reputations and credit rating…Securitization, bank behaviour and financial stability: A systematic review of the recent empirical literature (2018)Securitization, bank behaviou…Revolving Rating Analysts and Ratings of Mortgage-Backed and Asset-Backed Securities: Evidence from LinkedIn (2018)Revolving Rating Analysts and…Information Sharing and Rating Manipulation (2017)Information Sharing and Ratin…Competition in the credit rating Industry: Benefits for investors and issuers (2016)Competition in the credit rat…Is There a “Boom Bias” in Agency Ratings? (2015)Is There a “Boom Bias” in Age…Common Factors Affecting Bond Returns (1991)Estimating the Price of Default Risk (1999)Do Credit Spreads Reflect Stationary Leverage Ratios? (2001)A Preferred-Habitat Model of the Term Structure of Interest Rates (2009)The Pricing of Options and Corporate Liabilities (1973)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)An equilibrium characterization of the term structure (1977)Corporate Yield Spreads: Default Risk or Liquidity? New Evidence from the Credit Default Swap Market (2004)Default Risk in Equity Returns (2004)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)Common risk factors in the returns on stocks and bonds (1993)Prospect Theory and Asset Prices (2001)Credit Spreads and Business Cycle Fluctuations (2012)Risk, Return, and Equilibrium: Empirical Tests (1973)Idiosyncratic Risk Matters! (2003)Corporate Yield Spreads and Bond Liquidity (2007)Do Shareholders Benefit from Green Bonds? (2018)The Role of Market Forces in Assuring Contractual Performance (1981)Reputation Acquisition in Debt Markets (1989)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)Bank Runs, Deposit Insurance, and Liquidity (1983)Continuous Auctions and Insider Trading (1985)Market Liquidity and Funding Liquidity (2008)Bank lending during the financial crisis of 2008 (2009)Econometric measures of connectedness and systemic risk in the finance and insurance sectors (2012)The Evolution of Cooperation (1981)The Resource-Based Theory of Competitive Advantage: Implications for Strategy Formulation (1991)
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References

  • 1970The Market for "Lemons": Quality Uncertainty and the Market Mechanism22,977 cited
  • 2009Deciphering the Liquidity and Credit Crunch 2007–20083,326 cited
  • 2001The Determinants of Credit Spread Changes2,253 cited
  • 1995A Simple Approach to Valuing Risky Fixed and Floating Rate Debt2,090 cited
  • 2003Equity Volatility and Corporate Bond Yields1,194 cited
  • 2009The Credit Ratings Game966 cited
  • 2006Credit Ratings and Capital Structure847 cited
  • 1998The Relation Between Treasury Yields and Corporate Bond Yield Spreads778 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
  • 2009Ratings shopping and asset complexity: A theory of ratings inflation461 cited
  • 2008Economic Catastrophe Bonds416 cited
  • 2011Rating Agencies in the Face of Regulation386 cited
  • 2009Do Firms Target Credit Ratings or Leverage Levels?361 cited
  • 2011Did Subjectivity Play a Role in CDO Credit Ratings?

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346 cited

Cited by

  • 2021Ten Years of Evidence: Was Fraud a Force in the Financial Crisis?76 cited
  • 2019The job rating game: Revolving doors and analyst incentives61 cited
  • 2019Reputations and credit ratings: Evidence from commercial mortgage-backed securities55 cited
  • 2024Do Commercial Ties Influence ESG Ratings? Evidence from Moody's and S&P55 cited
  • 2018Securitization, bank behaviour and financial stability: A systematic review of the recent empirical literature44 cited
  • 2017Information Sharing and Rating Manipulation39 cited
  • 2018Revolving Rating Analysts and Ratings of Mortgage-Backed and Asset-Backed Securities: Evidence from LinkedIn36 cited
  • 2015Is There a “Boom Bias” in Agency Ratings?31 cited
  • 2020Are CLO Collateral and Tranche Ratings Disconnected?25 cited
  • 2022The Rise of Bond Financing in Europe25 cited
  • 2016Competition in the credit rating Industry: Benefits for investors and issuers23 cited