Add to ORKGStudies have shown that when two information providers or outside auditors exist, the value provided by the second one will be decreased by the actions of the first. Capitalizing on the highly similar functions performed by banks and rating agencies, this paper examines the informational value of the credit ratings of bank loans. Further, it provides evidence on whether rating agencies duplicate the certifying and monitoring roles played by banks. The significant market reaction to negative credit rating announcements found suggests that these rating actions convey information to the capital market beyond that provided via the bank loan approval and renewal process.UnpublishedNon Peer ReviewedBailey, J.M. 1999. .Evolving Role of Credit Rati...
We study a unique experiment to examine the importance of rating agencies' private information for b...
This paper discusses the role of internal corporate ratings as a means by which commercial banks con...
In this paper we use credit rating data from two Swedish banks to elicit evidence on these banks’ lo...
The recent consultative papers by the Basel Committee suggest an explicit role for external rating a...
Empirical work byJames (1987) and Lummer andMcConnell'(1988) among others has established Bank Credi...
University of Technology, Sydney. Faculty of Business.Rating agencies have claimed that their rating...
This thesis consists of four self-contained articles, all of which contribute to the empirical resea...
In this paper, the authors use credit rating data from two Swedish banks to elicit evidence on banks...
The economic literature analyzing credit risk has been one of the most dynamic areas of recent finan...
Thesis (M.S.)--Massachusetts Institute of Technology, Sloan School of Management, 1986.MICROFICHE CO...
The June 1999 and January 2001 proposals by the Bank for International Settlements (BIS) Basel Commi...
The research outlined in this paper considers data from Nationally Recognized Statistical Rating Org...
In this paper, we use credit rating data from two large Swedish banks to elicit evidence on banks' l...
Title: Credit Rating Impact on Information Environment – A study on the informational impact of cred...
We report on the current state and important older findings of empirical studies on corporate credit...
We study a unique experiment to examine the importance of rating agencies' private information for b...
This paper discusses the role of internal corporate ratings as a means by which commercial banks con...
In this paper we use credit rating data from two Swedish banks to elicit evidence on these banks’ lo...
The recent consultative papers by the Basel Committee suggest an explicit role for external rating a...
Empirical work byJames (1987) and Lummer andMcConnell'(1988) among others has established Bank Credi...
University of Technology, Sydney. Faculty of Business.Rating agencies have claimed that their rating...
This thesis consists of four self-contained articles, all of which contribute to the empirical resea...
In this paper, the authors use credit rating data from two Swedish banks to elicit evidence on banks...
The economic literature analyzing credit risk has been one of the most dynamic areas of recent finan...
Thesis (M.S.)--Massachusetts Institute of Technology, Sloan School of Management, 1986.MICROFICHE CO...
The June 1999 and January 2001 proposals by the Bank for International Settlements (BIS) Basel Commi...
The research outlined in this paper considers data from Nationally Recognized Statistical Rating Org...
In this paper, we use credit rating data from two large Swedish banks to elicit evidence on banks' l...
Title: Credit Rating Impact on Information Environment – A study on the informational impact of cred...
We report on the current state and important older findings of empirical studies on corporate credit...
We study a unique experiment to examine the importance of rating agencies' private information for b...
This paper discusses the role of internal corporate ratings as a means by which commercial banks con...
In this paper we use credit rating data from two Swedish banks to elicit evidence on these banks’ lo...