Why performativity limits credit rating reform
نویسندگان
چکیده
منابع مشابه
Predicting Credit Rating and Credit Rating Changes: A New Approach
In this paper, we propose a hazard rate model for studying credit rating and credit rating changes. Theoretically the hazard rate model is more appropriate than the previous static models. Yet it is difficult to estimate hazard rate model, especially when the covariates are time-varying. This paper extends the results of Shumway(2001) and shows that a multiple-state hazard rate model can be est...
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In a context of proliferating crises, from the environment to the economy, the politics and epistemology of “failure” – institutional, human, technological, environmental – is acquiring fresh relevance. Recent analyses in social studies of science and technology, as well as in political and economic sociology, have developed performative perspectives on this issue, and much of this work has foc...
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This study proposes an information asymmetry hypothesis to examine why bank credit ratings vary among countries even when bank financial ratios remain constant. Countries are divided among those with low and high information asymmetry. The former include high-income countries, those in North America and West Europe regions, and those with strong institutional environment quality, whereas the la...
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ژورنال
عنوان ژورنال: Finance and Society
سال: 2019
ISSN: 2059-5999
DOI: 10.2218/finsoc.v5i1.3016