Competition in the credit rating industry: Benefits for investors and issuers
S Morkoetter, R Stebler, S Westerfeld - Journal of Banking & Finance, 2017 - Elsevier
We empirically investigate the benefits of multiple ratings not only at issuance of debt
instruments but also during the subsequent monitoring phase. Using a record of monthly …
instruments but also during the subsequent monitoring phase. Using a record of monthly …
[BOOK][B] An examination of value enhancing enterprise risk management implementation framework for malaysian public listed companies
LF Woon - 2011 - search.proquest.com
Enterprise risk management or ERM is fast ascending the corporate agenda globally. Its
relevancy and popularity as a management technique are abetted by the changing business …
relevancy and popularity as a management technique are abetted by the changing business …
Competition in Certification Markets
N Fazeli - Available at SSRN 3489457, 2020 - papers.ssrn.com
This paper presents a theoretical model of competition between information intermediaries
applied to credit rating industry. Sellers rely on intermediaries to credibly communicate their …
applied to credit rating industry. Sellers rely on intermediaries to credibly communicate their …
[PDF][PDF] RATING AGENCIES AND INFORMATION EFFICIENCY: DO MULTIPLE CREDIT RATINGS PAY OFF?
S MORKOETTER, R STEBLER, S WESTERFELD - 2015 - efmaefm.org
We empirically investigate why issuers solicit and pay for multiple ratings not only at
issuance but also during the monitoring phase of a debt instrument. Using a unique record …
issuance but also during the monitoring phase of a debt instrument. Using a unique record …