Are rating agencies’ assignments opaque? Evidence from international banks
نویسندگان
چکیده
منابع مشابه
Rating assignments: lessons from international banks
This paper estimates ordered logit and probit regression models for bank ratings which also include a country index to capture country-specific variation. The empirical findings provide support to the hypothesis that the individual international bank ratings assigned by Fitch Ratings are underpinned by fundamental quantitative financial analyses. Also, there is strong evidence of a country effe...
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This paper estimates ordered logit and probit regression models for bank ratings which also include a country index to capture country-specific variation. The empirical findings provide support to the hypothesis that the individual international bank ratings assigned by Fitch Ratings are underpinned by fundamental quantitative financial analyses. Also, there is strong evidence of a country effe...
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ژورنال
عنوان ژورنال: Expert Systems with Applications
سال: 2011
ISSN: 0957-4174
DOI: 10.1016/j.eswa.2010.09.085