메뉴 건너뛰기




Volumn 29, Issue 9-10, 2002, Pages 1367-1398

Assessing credit rating agencies by bond issuers and institutional investors

Author keywords

[No Author keywords available]

Indexed keywords


EID: 1142301805     PISSN: 0306686X     EISSN: 14685957     Source Type: Journal    
DOI: 10.1111/1468-5957.00474     Document Type: Article
Times cited : (71)

References (32)
  • 1
    • 84977717232 scopus 로고
    • Measuring corporate bond mortality and performance
    • Altman, E. (1989), 'Measuring Corporate Bond Mortality and Performance', Journal of Finance, Vol. 44, No. 4 (September), pp. 909-22.
    • (1989) Journal of Finance , vol.44 , Issue.4 SEPTEMBER , pp. 909-922
    • Altman, E.1
  • 3
    • 0010760963 scopus 로고
    • Split ratings and bond reoffering yields
    • Billingsley, R., R. Lamy, M. Marr and G. Thompson (1985), 'Split Ratings and Bond Reoffering Yields', Financial Management, Vol. 14, No. 2 (Summer), pp. 59-65.
    • (1985) Financial Management , vol.14 , Issue.2 SUMMER , pp. 59-65
    • Billingsley, R.1    Lamy, R.2    Marr, M.3    Thompson, G.4
  • 4
    • 0040757858 scopus 로고    scopus 로고
    • The declining credit quality of U.S. corporate debt: Myth or reality?
    • Blume, M., F. Lim and A. Mackinlay (1998), 'The Declining Credit Quality of U.S. Corporate Debt: Myth or Reality?', Journal of Finance, Vol. 53, No. 4 (August), pp. 1389-413.
    • (1998) Journal of Finance , vol.53 , Issue.4 AUGUST , pp. 1389-1413
    • Blume, M.1    Lim, F.2    Mackinlay, A.3
  • 6
    • 0002611366 scopus 로고
    • The credit rating industry
    • Cantor, R. and F. Packer (1995), 'The Credit Rating Industry', Journal of Fixed Income, Vol. 5, No. 3 (December), pp. 10-34.
    • (1995) Journal of Fixed Income , vol.5 , Issue.3 DECEMBER , pp. 10-34
    • Cantor, R.1    Packer, F.2
  • 7
    • 0031256503 scopus 로고    scopus 로고
    • Differences of opinion and selection bias in the credit rating industry
    • - (1997), 'Differences of Opinion and Selection Bias in the Credit Rating Industry', Journal of Banking and Finance, Vol. 21, No. 10 (October), pp. 1395-417.
    • (1997) Journal of Banking and Finance , vol.21 , Issue.10 OCTOBER , pp. 1395-1417
  • 8
    • 4644368900 scopus 로고    scopus 로고
    • Split ratings and the pricing of credit risk
    • - and K. Cole (1997), 'Split Ratings and the Pricing of Credit Risk', Journal of Fixed Income, Vol. 7, No. 3 (December), pp. 72-82.
    • (1997) Journal of Fixed Income , vol.7 , Issue.3 DECEMBER , pp. 72-82
    • Cole, K.1
  • 9
    • 0010200123 scopus 로고
    • Measuring changes in corporate credit quality
    • Carty, L. and J. Fons (1994), 'Measuring Changes in Corporate Credit Quality', Journal of Fixed Income, Vol. 4, No. 1 (June), pp. 27-41.
    • (1994) Journal of Fixed Income , vol.4 , Issue.1 JUNE , pp. 27-41
    • Carty, L.1    Fons, J.2
  • 10
    • 77951888748 scopus 로고    scopus 로고
    • Corporate Finance Criteria (1996), (New York, NY, Standard & Poor's)
    • Corporate Finance Criteria (1996), (New York, NY, Standard & Poor's).
  • 11
    • 0002123074 scopus 로고
    • Why split ratings occur
    • Ederington, L. (1986), 'Why Split Ratings Occur', Financial Management, Vol. 15, No. 1 (Spring), pp. 37-47.
    • (1986) Financial Management , vol.15 , Issue.1 SPRING , pp. 37-47
    • Ederington, L.1
  • 12
    • 84986431746 scopus 로고
    • The informational content of bond ratings
    • - J. Yawed, and B. Roberts (1987), 'The Informational Content of Bond Ratings', Journal of Financial Research, Vol. 10, No. 3 (Fall), pp. 211-26.
    • (1987) Journal of Financial Research , vol.10 , Issue.3 FALL , pp. 211-226
    • Yawed, J.1    Roberts, B.2
  • 13
    • 4644346939 scopus 로고    scopus 로고
    • Different sides of the same story: Investors' and issuers' views of rating agencies
    • Ellis, D. (1998), 'Different Sides of the Same Story: Investors' and Issuers' Views of Rating Agencies', Journal of Fixed Income, Vol. 7, No. 4 (March), pp. 35-45.
    • (1998) Journal of Fixed Income , vol.7 , Issue.4 MARCH , pp. 35-45
    • Ellis, D.1
  • 14
    • 80054879133 scopus 로고    scopus 로고
    • Why do bond rating agencies exist?
    • (November/December), (Merrill Lynch)
    • Fridson, M. (1999), 'Why Do Bond Rating Agencies Exist?', Extra Credit (November/December), (Merrill Lynch), pp. 3-14.
    • (1999) Extra Credit , pp. 3-14
    • Fridson, M.1
  • 15
    • 84977725519 scopus 로고
    • The effect of bond rating agency announcements on bond and stock prices
    • Hand, J., R. Holthausen and R. Leftwich (1992), 'The Effect of Bond Rating Agency Announcements on Bond and Stock Prices', Journal of Finance, Vol. 47, No. 2 (June), pp. 733-52.
    • (1992) Journal of Finance , vol.47 , Issue.2 JUNE , pp. 733-752
    • Hand, J.1    Holthausen, R.2    Leftwich, R.3
  • 16
    • 0001906581 scopus 로고    scopus 로고
    • The effect of bond-rating changes on bond price performance
    • Hite, G. and A. Warga (1997), 'The Effect of Bond-Rating Changes on Bond Price Performance', Financial Analysts Journal, Vol. 53, No. 3 (May/June), pp. 35-51.
    • (1997) Financial Analysts Journal , vol.53 , Issue.3 MAY JUNE , pp. 35-51
    • Hite, G.1    Warga, A.2
  • 17
    • 4744338615 scopus 로고
    • Credit analysis for corporate bonds
    • F.J. Fabozzi and T. D. Fabozzi (ed.), (New York, NY, Irwin Professional Publishing)
    • Howe, J. (1995), 'Credit Analysis for Corporate Bonds', in F.J. Fabozzi and T. D. Fabozzi (ed.), The Handbook of Fixed Income Securities (New York, NY, Irwin Professional Publishing), pp. 373-410.
    • (1995) The Handbook of Fixed Income Securities , pp. 373-410
    • Howe, J.1
  • 18
    • 0002697468 scopus 로고
    • Bond ratings: Are two better than one?
    • Hsueh, L. and D. Kidwell (1988), 'Bond Ratings: Are Two Better Than One?', Financial Management, Vol. 17, No. 1 (Spring), pp. 46-53.
    • (1988) Financial Management , vol.17 , Issue.1 SPRING , pp. 46-53
    • Hsueh, L.1    Kidwell, D.2
  • 19
    • 0000136343 scopus 로고    scopus 로고
    • Split ratings, bond yields, and underwriter spreads
    • Jewell, J. and M. Livingston (1998), 'Split Ratings, Bond Yields, and Underwriter Spreads', Journal of Financial Research, Vol. 21, No. 2 (Summer), pp. 185-204.
    • (1998) Journal of Financial Research , vol.21 , Issue.2 SUMMER , pp. 185-204
    • Jewell, J.1    Livingston, M.2
  • 20
    • 77951901156 scopus 로고    scopus 로고
    • A comparison of bond ratings from moody's, S&P, and Fitch
    • (Fall)
    • - (1999), 'A Comparison of Bond Ratings from Moody's, S&P, and Fitch', Financial Markets, Institutions and Instruments (Fall).
    • (1999) Financial Markets, Institutions and Instruments
  • 21
    • 77951585998 scopus 로고    scopus 로고
    • The impact of a third credit rating on the pricing of bonds
    • - (2000), 'The Impact of a Third Credit Rating on the Pricing of Bonds', Journal of Fixed Income, Vol. 19, No. 3 (December), pp. 69-85.
    • (2000) Journal of Fixed Income , vol.19 , Issue.3 DECEMBER , pp. 69-85
  • 22
    • 0043096892 scopus 로고    scopus 로고
    • Does the market perceive a difference in rating agencies?
    • Kish, R., K. Hogan and G. Olson (1999), 'Does the Market Perceive a Difference in Rating Agencies?', Quarterly Review of Economics and Finance, Vol. 39, No. 3 (Fall), pp. 363-77.
    • (1999) Quarterly Review of Economics and Finance , vol.39 , Issue.3 FALL , pp. 363-377
    • Kish, R.1    Hogan, K.2    Olson, G.3
  • 23
    • 84987515770 scopus 로고
    • The impact of split bond ratings on risk premia
    • Liu, P. and W. Moore (1987), 'The Impact of Split Bond Ratings on Risk Premia, ' Financial Review, Vol. 22, No. 1 (February), pp. 71-85.
    • (1987) Financial Review , vol.22 , Issue.1 FEBRUARY , pp. 71-85
    • Liu, P.1    Moore, W.2
  • 24
    • 77951887231 scopus 로고
    • Interest yields, credit ratings, and economic characteristics of state bonds: An empirical analysis
    • - and A. Thakor (1984), 'Interest Yields, Credit Ratings, and Economic Characteristics of State Bonds: An Empirical Analysis', Journal of Money, Credit, and Banking, Vol. 16, No. 3 (November), pp. 696-97.
    • (1984) Journal of Money, Credit, and Banking , vol.16 , Issue.3 NOVEMBER , pp. 696-697
    • Thakor, A.1
  • 25
    • 0002897351 scopus 로고
    • Change in corporate credit quality 1970-1990
    • Lucas, D. and J. Lonski (1992), 'Change in Corporate Credit Quality 1970-1990', Journal of Fixed Income, Vol. 1, No. 4 (March), pp. 7-14.
    • (1992) Journal of Fixed Income , vol.1 , Issue.4 MARCH , pp. 7-14
    • Lucas, D.1    Lonski, J.2
  • 26
    • 84944833609 scopus 로고
    • Moral hazard and information sharing: A model of financial information gathering agencies
    • Millon, M. and A. Thakor (1985), 'Moral Hazard and Information Sharing: A Model of Financial Information Gathering Agencies', Journal of Finance, Vol. 40, No. 5 (December), pp. 1403-22.
    • (1985) Journal of Finance , vol.40 , Issue.5 DECEMBER , pp. 1403-1422
    • Millon, M.1    Thakor, A.2
  • 27
    • 84986522877 scopus 로고
    • The effect of bond rating agencies on bond rating models
    • Perry, L. (1985), 'The Effect of Bond Rating Agencies on Bond Rating Models', Journal of Financial Research, Vol. 8, No. 4 (Winter), pp. 307-15.
    • (1985) Journal of Financial Research , vol.8 , Issue.4 WINTER , pp. 307-315
    • Perry, L.1
  • 28
    • 84978574241 scopus 로고
    • Modified bond ratings: Further evidence on the effect of split ratings on corporate bond yields
    • - P. Liu and D. Evans (1988), 'Modified Bond Ratings: Further Evidence on the Effect of Split Ratings on Corporate Bond Yields', Journal of Business Finance & Accounting, Vol. 15, No. 2 (Summer), pp. 231-41.
    • (1988) Journal of Business Finance & Accounting , vol.15 , Issue.2 SUMMER , pp. 231-241
    • Liu, P.1    Evans, D.2
  • 29
    • 85089760253 scopus 로고    scopus 로고
    • 'Rating the Rating Agencies', (April)
    • 'Rating the Rating Agencies' (1998), Institutional Investor (April), p. 32.
    • (1998) Institutional Investor , pp. 32
  • 30
    • 84987487405 scopus 로고
    • Bond yields, ratings, and financial information: Evidence from public utility issuers
    • Reiter, S. and D. Zeibart (1991), 'Bond Yields, Ratings, and Financial Information: Evidence from Public Utility Issuers', Financial Review, Vol. 26, No.1 (February), pp. 44-74.
    • (1991) Financial Review , vol.26 , Issue.1 FEBRUARY , pp. 44-74
    • Reiter, S.1    Zeibart, D.2
  • 31
    • 0003853423 scopus 로고    scopus 로고
    • Boston, MA, Harvard Business School Press
    • Shefrin, H. (2000), Beyond Greed and Fear (Boston, MA, Harvard Business School Press).
    • (2000) Beyond Greed and Fear
    • Shefrin, H.1
  • 32
    • 84987486584 scopus 로고
    • Dual bond ratings: A test of the certification function of rating agencies
    • Thompson, G. and P. Vaz (1990), 'Dual Bond Ratings: A Test of the Certification Function of Rating Agencies', Financial Review, Vol. 25, No. 3 (August), pp. 457-71.
    • (1990) Financial Review , vol.25 , Issue.3 AUGUST , pp. 457-471
    • Thompson, G.1    Vaz, P.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.