The collapse of AAA‐rated structured finance products in 2007 to 2008 has brought
renewed attention to conflicts of interest in credit rating agencies (CRAs). We model …

We explore the joint effect of expected government support to banks and changes in
sovereign credit ratings on bank stock returns using data for banks in 37 countries between …

Rating agencies play the role of information intermediaries in the market for donations.
These watchdog organizations obtain and interpret accounting data and other information …

This study examines managers' attempts to alter rating agencies' perception of credit risk
through long-term earnings smoothing activities. 1 Credit rating agencies such as Standard …

Credit rating agencies do not only disclose simple ratings but announce watchlists (rating
reviews) and outlooks as well. This paper analyzes the economic function underlying the …

We report on the current state and important older findings of empirical studies on corporate
credit ratings and their relationship to ratings of other entities. Specifically, we consider the …

In this topical book, Boudewijn de Bruin examines the ethical'blind spots' that lay at the heart
of the global financial crisis. He argues that the most important moral problem in finance is …

In modeling the impact of sovereign credit rating (CR) on financial markets, a considerable
amount of the literature to date has been devoted to examining the short-term impact of CR …

This paper critically reviews the debate on CRAs and, in the light thereof, analyses the
European regulatory approach to CRAs, thereby combining insights from economics and …

Although many papers have examined the Saudi stock market, to date none have explored
the influence of religiosity on the behavior of stock prices, taking into account the dominance …