The influence of the financial and accounting information adjustments on the decisions of Rating agencies
作者： Oussama Ben Hmiden , Jamel Henchiri
DOI:
关键词:
摘要: Credit rating agencies (CRA) are qualified as “auxiliaries of the financial information” by all investors. Ratings results a methodology used CRA. Within framework demystification method work agencies, objective this paper is to identify importance accounting and information adjustments in decisions agencies. This allows estimating explanation proportion type that contributes development assigned rating. We suggest statistical econometrical study aims at determining ratings from variables adjusted credit better understand relation between level ascribed score.
参考文章(14)
K KIM, Predicting bond ratings using publicly available information Expert Systems With Applications. ,vol. 29, pp. 75- 81 ,(2005) , 10.1016/J.ESWA.2005.01.007
Thomas F. Pogue, Robert M. Soldofsky, What's in a Bond Rating The Journal of Financial and Quantitative Analysis. ,vol. 4, pp. 201- 228 ,(1969) , 10.2307/2329840
Louis H. Ederington, CLASSIFICATION MODELS AND BOND RATINGS The Financial Review. ,vol. 20, pp. 237- 262 ,(1985) , 10.1111/J.1540-6288.1985.TB00306.X
Robert S. Kaplan, Gabriel Urwitz, Statistical Models of Bond Ratings: A Methodological Inquiry The Journal of Business. ,vol. 52, pp. 231- 261 ,(1979) , 10.1086/296045
Freda Kemp, The Handbook of Parametric and Nonparametric Statistical Procedures Journal of the Royal Statistical Society: Series D (The Statistician). ,vol. 52, pp. 248- 249 ,(2003) , 10.1111/1467-9884.T01-9-00356
Larry G. Perry, Timothy P. Cronan, Glenn V. Henderson, INDUSTRY CLASSIFICATION, ORDINAL DATA, AND BOND‐RATING DECISION MODELS Decision Sciences. ,vol. 16, pp. 14- 24 ,(1985) , 10.1111/J.1540-5915.1985.TB01472.X
John W. Peavy, S. Michael Edgar, A multiple discriminant analysis of BHC commercial paper ratings Journal of Banking & Finance. ,vol. 7, pp. 161- 173 ,(1983) , 10.1016/0378-4266(83)90029-8
George E. Pinches, Kent A. Mingo, A MULTIVARIATE ANALYSIS OF INDUSTRIAL BOND RATINGS The Journal of Finance. ,vol. 28, pp. 1- 18 ,(1973) , 10.1111/J.1540-6261.1973.TB01341.X
Doron Kliger, Oded Sarig, The Information Value of Bond Ratings The Journal of Finance. ,vol. 55, pp. 2879- 2902 ,(2000) , 10.1111/0022-1082.00311
Richard Cantor, Moody’s investors service response to the consultative paper issued by the Basel Committee on Bank Supervision “A new capital adequacy framework” Journal of Banking & Finance. ,vol. 25, pp. 171- 185 ,(2001) , 10.1016/S0378-4266(00)00121-7