This paper reveals findings from extending corporate credit rating studies towards i new ratings, affirmation, confirmation, watchlists, and withdrawal, which together represent five out of eight … Expand.
The Journal of Fixed Income. Rating agencies cluster companies in rating categories to signal their creditworthiness. The rating is based on qualitative and quantitative factors and often is a mix of public and private … Expand. Highly Influenced. View 6 excerpts, cites background, methods and results. Granularity Adjustment for Regulatory Capital Assessment. The credit value-at-risk model underpinning the internal ratings-based approach of Basel II and III assumes that idiosyncratic risk has been fully diversified in the portfolio, so that economic … Expand.
The fluctuating default risk of Australian banks. Australian banks are widely considered to have fared far better during the Global Financial Crisis than their global counterparts, continuing to display solid earnings, good capitalization and strong … Expand. This paper examines the importance of adjustments to corporate financial statements for credit risk assessment. Prior research has tended to examine individual adjustments one at a time. Since … Expand. The global financial crisis GFC has placed the creditworthiness of banks under intense scrutiny.
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Cole, A. The effect of changes in ownership structure on performance: Evidence from the thrift industry. Journal of Financial Economics, 50 3 , — Cremers, M. Governance mechanisms and equity prices. Journal of Finance, 60 6 , — Dey, A.
Corporate governance and agency conflicts. Journal of Accounting Research, 46 5 , — Drobetz, W. Corporate governance and expected stock return: Evidence from Germany. European Financial Management, 10 4 , — Fitch Ratings. Evaluating corporate governance. Gompers, P. Corporate governance and equity prices.
Quarterly Journal of Economics, 1 , — Governance Metrics International. Corporate governance rating. New York: GMI. Institutional Shareholder Services. Jensen, M. Theory of the firm: Managerial behavior, agency costs and ownership structure.
Journal of Financial Economics, 3 4 , — Kaiser, H. The application of electronic computers to factor analysis. Educational and Psychological Measurement, 20 1 , — Kirkpatrick, G. The corporate governance lessons from the financial crisis. Larcker, D.
Corporate governance, accounting outcomes and organizational performance. The Accounting Review, 82 4 , — Seven myths of corporate governance. Maddala, G. Introduction to econometrics 3rd ed. Chichester, NY: Wiley. McKinsey and Company. Global investor opinion survey: Key findings , London. Rating Methodology, July. Newell, R. A premium for good governance. The McKinsey Quarterly, 3 , 20— Ratings, Fitch.
RiskMetrics Group. Governance risk indicators. A new measure of governance - related Risk. Sherman, H. Corporate governance ratings.
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