Cociorva, Anamaria | ESSAYS ON CREDIT RATINGS

Boken undersöker kreditbetygs roll och noggrannhet för företag och länder, samt dess påverkan på obligationsmarknaden.

• Utforskar kreditbetyg och deras påverkan.

• Diskussioner kring nationalekonomi och bankväsen.

• Utgiven som häftad.

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Bindning: Häftat band

Bokförlag: Lunds universitet, Media-Tryck
ISBN: 9789177539568

Omfång: 220 s.
Språk: Engelska
Utgivningsdatum: 2019-01-09

Förlagets information

This book investigates the role, as well as the accuracy of credit ratings, both for companies and countries. In the first article, I find that credit ratings capture financial constraints more effectively relative to other popular proxies. The second paper focuses on a change in the rules of a widely-followed bond index, and finds that there is a

This book investigates the role, as well as the accuracy of credit ratings, both for companies and countries. In the first article, I find that credit ratings capture financial constraints more effectively relative to other popular proxies. The second paper focuses on a change in the rules of a widely-followed bond index, and finds that there is a significant market response for the bonds affected by this change. This suggests that credit ratings also have a significant role for bond market segmentation. In the third paper, I find that sovereign ratings have become increasingly conservative over time. However, in my final paper, I focus on the method used for estimating rating ”conservatism”, and , by using a new, two-step model, I find that previous research has overestimated its magnitude.

Essays on Credit Ratings av Anamaria Cociorva hittar du under Företagsekonomi och management inom Ekonomi | Näringsliv i huvudkategorin Politik | Samhälle.

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