메뉴 건너뛰기




Volumn 67, Issue 1, 2012, Pages 113-152

Tiebreaker: Certification and multiple credit ratings

Author keywords

[No Author keywords available]

Indexed keywords


EID: 84855968998     PISSN: 00221082     EISSN: 15406261     Source Type: Journal    
DOI: 10.1111/j.1540-6261.2011.01709.x     Document Type: Article
Times cited : (223)

References (31)
  • 1
    • 77951241343 scopus 로고    scopus 로고
    • Rating opaque borrowers: Why are unsolicited ratings lower?
    • Bannier, Christina E., Patrick Behr, and André Güttler, 2010, Rating opaque borrowers: Why are unsolicited ratings lower? Review of Finance 14, 263-294.
    • (2010) Review of Finance , vol.14 , pp. 263-294
    • Bannier, C.E.1    Behr, P.2    Güttler, A.3
  • 2
    • 84855915780 scopus 로고    scopus 로고
    • Modeling the role of credit rating agencies: Do they spark of virtuous circle? Working paper, Goethe-University Frankfurt
    • Bannier, Christina E., and Marcel Tyrell, 2006, Modeling the role of credit rating agencies: Do they spark of virtuous circle? Working paper, Goethe-University Frankfurt.
    • (2006)
    • Bannier, C.E.1    Tyrell, M.2
  • 3
    • 84855931532 scopus 로고    scopus 로고
    • Basel Committee on Banking Supervision, Credit ratings and complementary sources of credit quality information, Working paper, Bank of International Settlements
    • Basel Committee on Banking Supervision, 2000, Credit ratings and complementary sources of credit quality information, Working paper, Bank of International Settlements.
    • (2000)
  • 4
    • 84855915781 scopus 로고    scopus 로고
    • Reputation and competition: Evidence from the credit rating industry, Working paper, Harvard University
    • Becker, Bo, and Todd T. Milbourn, 2009, Reputation and competition: Evidence from the credit rating industry, Working paper, Harvard University.
    • (2009)
    • Becker, B.1    Milbourn, T.T.2
  • 5
    • 84855936975 scopus 로고    scopus 로고
    • The credit ratings game, Working paper, Columbia University
    • Bolton, Patrick, Xavier Freixas, and Joel Shapiro, 2009, The credit ratings game, Working paper, Columbia University.
    • (2009)
    • Bolton, P.1    Freixas, X.2    Shapiro, J.3
  • 8
    • 84976905528 scopus 로고
    • The regulation effect of credit ratings on bond interest yield: The case of junk bonds
    • Brister, Bill M., Robert E. Kennedy, and Pu Liu, 1994, The regulation effect of credit ratings on bond interest yield: The case of junk bonds, Journal of Business Finance and Accounting 21, 511-531.
    • (1994) Journal of Business Finance and Accounting , vol.21 , pp. 511-531
    • Brister, B.M.1    Kennedy, R.E.2    Liu, P.3
  • 9
    • 0344153911 scopus 로고    scopus 로고
    • Volatility and corporate bond yields
    • Campbell, John Y., and Glen Taksler, 2003, Volatility and corporate bond yields, Journal of Finance 58, 2321-2349.
    • (2003) Journal of Finance , vol.58 , pp. 2321-2349
    • Campbell, J.Y.1    Taksler, G.2
  • 10
    • 0031256503 scopus 로고    scopus 로고
    • Differences in opinion and selection bias in the credit rating industry
    • Cantor, Richard M., and Franck Packer, 1997, Differences in opinion and selection bias in the credit rating industry, Journal of Banking and Finance 21, 1395-1417.
    • (1997) Journal of Banking and Finance , vol.21 , pp. 1395-1417
    • Cantor, R.M.1    Packer, F.2
  • 11
    • 84855915783 scopus 로고    scopus 로고
    • Courage to capital? A model of the effects of rating agencies on sovereign debt roll-over, Working paper, Yale University
    • Carlson, Mark A., and Galina B. Hale, 2005, Courage to capital? A model of the effects of rating agencies on sovereign debt roll-over, Working paper, Yale University.
    • (2005)
    • Carlson, M.A.1    Hale, G.B.2
  • 12
    • 33846222304 scopus 로고    scopus 로고
    • Corporate yield spreads and bond liquidity
    • Chen, Long, David A. Lesmond, and Jason Z. Wei, 2007, Corporate yield spreads and bond liquidity, Journal of Finance 62, 119-149.
    • (2007) Journal of Finance , vol.62 , pp. 119-149
    • Chen, L.1    Lesmond, D.A.2    Wei, J.Z.3
  • 13
    • 84855966864 scopus 로고    scopus 로고
    • The real consequences of market segmentation, Working paper, Harvard University
    • Chernenko, Sergey, and Adi Sunderam, 2010, The real consequences of market segmentation, Working paper, Harvard University.
    • (2010)
    • Chernenko, S.1    Sunderam, A.2
  • 14
    • 84855915785 scopus 로고    scopus 로고
    • Testing conflicts of interest at bond rating agencies with market anticipation: Evidence that reputation incentives dominate, Working paper, Federal Reserve Board
    • Covitz, Daniel M., and Paul Harrison, 2003, Testing conflicts of interest at bond rating agencies with market anticipation: Evidence that reputation incentives dominate, Working paper, Federal Reserve Board.
    • (2003)
    • Covitz, D.M.1    Harrison, P.2
  • 15
    • 84855915786 scopus 로고    scopus 로고
    • Is liquidity risk priced in the corporate bond market? Working paper, Rice University
    • Downing, Christopher, Shane Underwood, and Yuhang Xing, 2005, Is liquidity risk priced in the corporate bond market? Working paper, Rice University.
    • (2005)
    • Downing, C.1    Underwood, S.2    Xing, Y.3
  • 16
    • 84855936973 scopus 로고    scopus 로고
    • Regulatory pressure and fire sales in the corporate bond market, Working paper, University of North Carolina, Chapel Hill
    • Ellul, Andrew, Pab Jotikasthira, and Christian T. Lundblad, 2010, Regulatory pressure and fire sales in the corporate bond market, Working paper, University of North Carolina, Chapel Hill.
    • (2010)
    • Ellul, A.1    Jotikasthira, P.2    Lundblad, C.T.3
  • 17
    • 84977718682 scopus 로고
    • Financial intermediaries and liquidity creation
    • Gorton, Gary B., and George G. Pennacchi, 1990, Financial intermediaries and liquidity creation, Journal of Finance 45, 49-72.
    • (1990) Journal of Finance , vol.45 , pp. 49-72
    • Gorton, G.B.1    Pennacchi, G.G.2
  • 18
    • 77955981415 scopus 로고    scopus 로고
    • Corporate bond credit spreads and forecast dispersion
    • Güntay, Levent, and Dirk Hackbarth, 2010, Corporate bond credit spreads and forecast dispersion, Journal of Banking and Finance 34, 2328-2345.
    • (2010) Journal of Banking and Finance , vol.34 , pp. 2328-2345
    • Güntay, L.1    Hackbarth, D.2
  • 20
    • 33745728786 scopus 로고    scopus 로고
    • Credit ratings and capital structure
    • Kisgen, Darren J., 2006, Credit ratings and capital structure, Journal of Finance 61, 1035-1072.
    • (2006) Journal of Finance , vol.61 , pp. 1035-1072
    • Kisgen, D.J.1
  • 22
    • 84855915784 scopus 로고    scopus 로고
    • Do regulations based on credit ratings affect a firm's cost of capital?, Working paper, Boston College
    • Kisgen, Darren J., and Philip E. Strahan, 2009, Do regulations based on credit ratings affect a firm's cost of capital?, Working paper, Boston College.
    • (2009)
    • Kisgen, D.J.1    Strahan, P.E.2
  • 23
    • 0001457802 scopus 로고
    • The role of market forces in assuring contractual performance
    • Klein, Benjamin, and Keith B. Leffler, 1981, The role of market forces in assuring contractual performance, Journal of Political Economy 89, 615-641.
    • (1981) Journal of Political Economy , vol.89 , pp. 615-641
    • Klein, B.1    Leffler, K.B.2
  • 24
    • 0039012081 scopus 로고    scopus 로고
    • The information value of bond ratings
    • Kliger, Doron, and Oded Sarig, 2000, The information value of bond ratings, Journal of Finance 55, 2879-2902.
    • (2000) Journal of Finance , vol.55 , pp. 2879-2902
    • Kliger, D.1    Sarig, O.2
  • 25
    • 0002297105 scopus 로고
    • Conditional logit analysis of qualitative choice behavior
    • Paul Zarembka, ed.(Academic Press, New York).
    • McFadden, Daniel, 1973, Conditional logit analysis of qualitative choice behavior, in Paul Zarembka, ed. Frontiers in Econometrics(Academic Press, New York).
    • (1973) Frontiers in Econometrics
    • McFadden, D.1
  • 26
    • 0000808665 scopus 로고
    • On the pricing of corporate debt: The risk structure of interest rates
    • Merton, Robert C., 1974, On the pricing of corporate debt: The risk structure of interest rates, Journal of Finance 29, 449-470.
    • (1974) Journal of Finance , vol.29 , pp. 449-470
    • Merton, R.C.1
  • 27
    • 84855966866 scopus 로고    scopus 로고
    • How and why credit rating agencies are not like other gatekeepers, Working paper, University of San Diego
    • Partnoy, Frank, 2006, How and why credit rating agencies are not like other gatekeepers, Working paper, University of San Diego.
    • (2006)
    • Partnoy, F.1
  • 28
    • 0037375131 scopus 로고    scopus 로고
    • Are unsolicited ratings downward biased?
    • Poon, Winnie P. H., 2003, Are unsolicited ratings downward biased? Journal of Banking and Finance 27, 593-14.
    • (2003) Journal of Banking and Finance , vol.27 , pp. 593-514
    • Poon, W.P.H.1
  • 29
    • 29244439291 scopus 로고    scopus 로고
    • Are unsolicited credit ratings lower? International evidence from bank ratings
    • Poon, Winnie P. H., and Michael Firth, 2005, Are unsolicited credit ratings lower? International evidence from bank ratings, Journal of Business Finance and Accounting 32, 1741-771.
    • (2005) Journal of Business Finance and Accounting , vol.32 , pp. 1741-1771
    • Poon, W.P.H.1    Firth, M.2
  • 30
    • 84855936976 scopus 로고    scopus 로고
    • Credit-rating shopping, selection and the equilibrium structure of ratings, Working paper, Carnegie Mellon University
    • Sangiorgi, Francesco, Jonathan Sokobin, and Chester Spatt, 2009, Credit-rating shopping, selection and the equilibrium structure of ratings, Working paper, Carnegie Mellon University.
    • (2009)
    • Sangiorgi, F.1    Sokobin, J.2    Spatt, C.3
  • 31
    • 68049096168 scopus 로고    scopus 로고
    • Ratings shopping and asset complexity: A theory of ratings inflation
    • Skreta, Vasiliki, and Laura Veldkamp, 2009, Ratings shopping and asset complexity: A theory of ratings inflation, Journal of Monetary Economics 56, 678-695.
    • (2009) Journal of Monetary Economics , vol.56 , pp. 678-695
    • Skreta, V.1    Veldkamp, L.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.