Reputational Shocks and the Information Content of Credit Ratings
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DOI: 10.1016/j.jfs.2017.12.003
Abstract: We investigate how shocks to the reputation of credit rating agencies and the subsequent introduction of stricter regulation affect investors’ reaction to rating signals. We focus on three major episodes of reputational distress: the Enron/WorldCom… read more here.
Keywords: credit; shocks information; reputational shocks; information content ... See more keywords