The reputational effects of analysts' stock recommendations and credit ratings: Evidence from operational risk announcements in the financial industry
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DOI: 10.1016/j.irfa.2017.10.011
Abstract: This paper investigates whether more favorable stock recommendations and higher credit ratings serve as a reputational asset or reputational liability around reputation-damaging events. Analyzing the reputational effects of operational risk announcements incurred by financial institutions,… read more here.
Keywords: credit; credit ratings; based reputational; stock recommendations ... See more keywords