The Issuer-Pay Rating Model and Rating Inflation: Evidence from Corporate Credit Ratings
作者： Han Xia , Günter Strobl
DOI: 10.2139/SSRN.2002186
关键词:
摘要: … whether it leads to any misallocation of resources. If investors anticipate the bias in S&P’s ratings, the firm’s debt will be correctly priced and inflated credit ratings may not be harmful to …
frankfurt-school.de参考文章(27)
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