Implementation of dynamic credit rating method based on clustering and classification technology
Sign Up to like & getrecommendations! Published in 2018 at "Cluster Computing"
DOI: 10.1007/s10586-018-2076-4
Abstract: In order to adapt to the actual situation of the complex network environment, and make the credit rating results be more dynamic and authentic. We divide the sellers’ transaction history into several time frames, and… read more here.
Keywords: implementation dynamic; model; credit; credit rating ... See more keywords
Is less information better information? Evidence from the credit rating withdrawal
Sign Up to like & getrecommendations! Published in 2018 at "Review of Quantitative Finance and Accounting"
DOI: 10.1007/s11156-017-0666-5
Abstract: This paper examines the stock market reaction to two different types of credit rating withdrawals by Moody’s. The first type of withdrawal occurs when a firm stops being rated. This happens, for example, when firms… read more here.
Keywords: information; stock market; credit rating; withdrawal ... See more keywords
Bond yield and credit rating: evidence of Chinese local government financing vehicles
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DOI: 10.1007/s11156-018-0724-7
Abstract: Excessive borrowing of local governments in China sparked concerns that the debt may threaten the financial stability of the economy and ultimately cause economic collapse. It becomes critically important to understand the credit rating of… read more here.
Keywords: government financing; bond; local government; credit rating ... See more keywords
Credit rating based real-time energy trading in microgrids
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DOI: 10.1016/j.apenergy.2018.12.013
Abstract: Abstract In this paper, we investigate the problem of credit rating management in energy trading among microgrids subject to transmission losses and wheeling cost. The main concern is how to constrain the default behaviors of… read more here.
Keywords: energy trading; credit rating; energy; credit ... See more keywords
Trading mechanism and pricing strategy of integrated energy systems based on credit rating and Bayesian game
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DOI: 10.1016/j.energy.2021.120948
Abstract: Abstract In the integrated energy market, monitoring and managing the irregularities of market members is the key to ensuring efficient and stable of the market. This paper focuses on a multi-energy market in which the… read more here.
Keywords: strategy; bayesian game; integrated energy; energy ... See more keywords
Do sovereign credit ratings matter for foreign direct investments
Sign Up to like & getrecommendations! Published in 2018 at "Journal of International Financial Markets, Institutions and Money"
DOI: 10.1016/j.intfin.2018.01.003
Abstract: Abstract This paper examines the relationship between sovereign credit ratings and FDI flows from 31 OECD donor countries to 72 recipient (OECD and non-OECD) countries over the period of 1985–2012. There are three main findings… read more here.
Keywords: credit; credit ratings; sovereign credit; credit rating ... See more keywords
Does the Dodd-Frank Act reduce the conflict of interests of credit rating agencies?
Sign Up to like & getrecommendations! Published in 2020 at "Journal of Corporate Finance"
DOI: 10.1016/j.jcorpfin.2020.101595
Abstract: I compare issuer-paid ratings, represented by Standard & Poor's (SP i.e., firms with a large bond issuance, larger firms, and low-performing firms. Further, I find evidence of a greater accuracy of S&P ratings relative to… read more here.
Keywords: dodd frank; act; paid ratings; rating ... See more keywords
Who carried more credibility?: An analysis of the market responses to news from the Japanese government, the Japanese central bank and international credit rating agencies
Sign Up to like & getrecommendations! Published in 2018 at "Journal of Economics and Business"
DOI: 10.1016/j.jeconbus.2018.05.002
Abstract: The Japanese economy has been in recession since its real estate crisis back in the 1990s. Since the burst of the bubble, the Japanese central bank has implemented unconventional monetary policy in an attempt to… read more here.
Keywords: central bank; news; rating agencies; international credit ... See more keywords
Environmental inefficiency and bond credit rating
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DOI: 10.1016/j.jeconbus.2018.08.003
Abstract: Abstract This study examines the impact of a firm’s polluting activities (measured as environmental inefficiency) on the firm’s bond credit rating. We posit that firms with excessive polluting activities (i.e., a high level of environmental… read more here.
Keywords: environmental inefficiency; credit rating; bond; bond credit ... See more keywords
The Chinese Credit Rating Industry: Internationalisation, Challenges and Reforms
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DOI: 10.1016/j.jeconbus.2021.106032
Abstract: Abstract Chinese credit rating agencies play a key role in China’s economic reforms and the modernisation of the Chinese bond markets at a time when the Chinese bond market holds the second largest position in… read more here.
Keywords: rating industry; chinese credit; credit rating; rating ... See more keywords
Valuation of credit contingent interest rate swap with credit rating migration
Sign Up to like & getrecommendations! Published in 2020 at "International Journal of Computer Mathematics"
DOI: 10.1080/00207160.2020.1713315
Abstract: ABSTRACT In this paper, a flexible pricing model for Credit Contingent Interest Rate Swap (CCIRS) with credit rating migration is proposed, which is sensitive to stochastic interest rates and counterparty default risk. This is a… read more here.
Keywords: credit; interest rate; credit rating; rating migration ... See more keywords