Sökning: "determinants of credit rating"

Visar resultat 1 - 5 av 11 uppsatser innehållade orden determinants of credit rating.

1. 1. How to Differentiate the Difference - A quantitative study on the determinants of discrepancies between expected and actual credit ratings in insurance companies

   Master-uppsats, Göteborgs universitet/Graduate School

   Författare :Gustav Hellman; Henrik Walldén Persson; [2020-07-01]
   Nyckelord :Expected ratings; credit ratings; financial strength; discrepancy; earnings management; embedded value; IFRS; life insurers;

   Sammanfattning : We study the determinants of discrepancies between expected and actual credit ratings among insurance companies. We analyze 124 public insurance companies with an assigned credit rating, and model discrepancies as the difference between expected and actual credit ratings. LÄS MER

3. 2. Firm Specific Determinants of Capital Structure - Is Firm's Leverage Determined as a Residual of other Financial Decisions?

   Magister-uppsats, Lunds universitet/Nationalekonomiska institutionen

   Författare :Niklas Schomaker; Daniel Riebler; [2018]
   Nyckelord :Stability of Capital Structure; Leverage Determinants; Financial Deficit; Credit Ratings; Error Correction Model; Business and Economics;

   Sammanfattning : This thesis empirically investigates the question if US firm’s capital structures are stable over longer periods of time and which firm characteristics drive optimal leverage. The analysis is based on a Compustat panel data sample consisting of 2,900 US firms between 1985 and 2016. LÄS MER

4. 3. The Determinants of European Coco Spreads

   Master-uppsats, Göteborgs universitet/Graduate School

   Författare :Carl-Fredrik Hallden; Blomqvist Blomqvist; [2016-09-21]
   Nyckelord :Contingent Convertible bonds; Cocos; Coco spreads; Hybrid Securities; Basel III; Additional Tier 1; Tier 2; Banks;

   Sammanfattning : Contingent Convertible (Coco) bonds are hybrid capital securities that absorb losses when the capital of the issuing bank falls below a certain level. Previous research has mainly been focusing on the pricing of such instruments and this paper contributes to the eld by empirically examining the determinants of Coco bond spreads for European banks. LÄS MER

5. 4. Determinants of the Sovereign Credit Default Swap Market

   D-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Författare :Felix Roelkens; [2013]
   Nyckelord :Sovereign Credit Default Swap; Trading Volume Determinants; Credit Ratings; Empirical Analysis; DTCC Trading Data;

   Sammanfattning : This thesis investigates the determinants of sovereign CDS market activity for a sample of 59 sovereigns during the period of 2008 to 2012. The results indicate that CDS market activity is linked to global and country-specific factors, namely investors' global risk perceptions,the global business climate, the global financial sector health, the volatility of the local business climate and the ability to pay back USD denominated debt. LÄS MER

7. 5. Determinants of forex market movements during the European sovereign debt crisis: The role of credit rating agencies.

   Master-uppsats, IHH, Economics, Finance and Statistics

   Författare :Marharyta Karpava; [2012]
   Nyckelord :credit rating; sovereign debt crisis; euro depreciation; event study;

   Sammanfattning : The purpose of this thesis is to identify key factors underlying exchange rate developments during the European sovereign debt crisis by examining the impact of credit rating news, published by the three leading credit rating agencies, on conditional returns and volatility of EUR/USD (direct quotation) exchange rate. Empirical results highlight the importance of interest rate differential and volatility index of options exchange in explaining EUR/USD exchange rate volatilities. LÄS MER