The ownership of ratings

RAND Journal of Economics

Volumn 40, Issue 2, 2009, Pages 234-257

  Faure Grimaud, Antoine ^a   Peyrache, Eloïc ^b   Quesada, Lucía ^c  

^a LONDON SCHOOL OF ECONOMICS   (United Kingdom)

^b HEC PARIS   (France)

^c UNIVERSIDAD TORCUATO DI TELLA   (Argentina)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 70350147025     PISSN: 07416261     EISSN: None     Source Type: Journal    
DOI: 10.1111/j.1756-2171.2009.00063.x     Document Type: Article

References (21)

1. ARCOT, S. AND BRUNO, V "One Size Does Not Fit All, after All: Evidence from Corporate Governance." Mimeo, Financial Markets Group, London School of Economics, 2006.
2. BAGNOLI, M. AND BERGSTROM, T. "Log-Concave Probability and Its Applications." Economic Theory, Vol. 26 (2005), pp. 445-469.
3. BECKER, G. "A Note on Restaurant Pricing and Other Examples of Social Influences on Prices." Journal of Political Economy, Vol. 99 (1991), pp. 1109-1116.
4. DYE, R.A. "Disclosure of Nonproprietary Information." Journal of Accounting Research, Vol. 23 (1985), pp. 123-145.
5. DZIUDA, W. AND VOGEL, J. "Optimal Credit Rating System." Mimeo, Department of Economics, Princeton University, 2006.
6. FARRELL, J. "Voluntary Disclosure: Robustness of the Unraveling Result, and Comments on Its Importance." In R.E. Grieson, ed., Antitrust and Regulation. Lanham, MD: Lexington Books, 1986.
7. GOMPERS, P.A., ISHII, J.L., AND METRICK, A. "Corporate Governance and Equity Prices." Quarterly Journal of Economics, Vol. 118 (2003), pp. 107-155.
8. GROSSMAN, S. "The Informational Role of Warranties and Private Disclosure about Product Quality." Journal of Law and Economics, Vol. 24 (1981), pp. 461-489.
9. GROSSMAN, S. AND HART, O. "Disclosure Laws and Takeover Bids." Journal of Finance, Vol. 35 (1980), pp. 323-334.
10. HART, O. Firms, Contracts and Financial Structure. Oxford, UK: Oxford University Press, 1995.
11. LIZZERI, A. "Information Revelation and Certification Intermediaries." RAND Journal of Economics, Vol. 30 (1999), pp. 214-231.
12. MILGROM, P. "Good News and Bad News: Representation Theorems and Applications." Bell Journal of Economics, Vol. 12 (1981), pp. 380-391.
13. MILGROM, P. AND ROBERTS, J. "Relying on the Information of Interested Parties." RAND Journal of Economics, Vol. 17 (1986), pp. 18-32.
14. OKUNO-FUJIWARA, M., POSTLEWAITE, A., AND SUZUMURA, K. "Strategic Information Revelation." Review of Economic Studies, Vol. 57 (1990), pp. 25-47.
15. PEYRACHE, E. AND QUESADA, L. "Strategic Certification." Mimeo, Department of Economics, and Finance, HEC School of Management, and Department of Economics, Universidad Torcuato Di Tella, 2004.
16. ROCHET, J.-C. AND STOLE, L. "Nonlinear Pricing with Random Participation." Review of Economic Studies, Vol. 69 (2002), pp. 277-311.
17. SEGAL, I. AND WHINSTON, M. "Contracting with Externalities." Quarterly Journal of Economics, Vol. 114 (1999), pp. 337-388.
18. SEGAL, I. AND WHINSTON, M. "Robust Predictions for Bilateral Contracting with Externalities." Econometrica, Vol. 71 (2003), pp. 757-791.
19. SHAVELL, S. "Acquisition and Disclosure of Information Prior to Sale." RAND Journal of Economics, Vol. 25 (1994), pp. 20-36.
20. STANDARD AND POOR'S CORPORATE GOVERNANCE SERVICES. Corporate Governance Evaluation and Ratings, 2005. www.governance.standardandpoors.com.
21. VERRECCHIA, R. "Discretionary Disclosure." Journal of Accounting and Economics, Vol. 5 (1983), pp. 179-194.