Sökning: "Adomas Pakutinskas"

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  1. 1. Effect of Market Share and Sales of Credit Rating Agencies on Corporate Bonds’ Default Rates

    Magister-uppsats, Högskolan i Jönköping/IHH, Företagsekonomi

    Författare :Adomas Pakutinskas; [2013]
    Nyckelord :Credit rating agencies; Credit ratings; Business cycle; Bond de-fault rates; Market share; Sales; Panel data; Regression; Granger causality;

    Sammanfattning : This paper mainly explores how and if sales and increased competition among financial certifiers, namely Fitch, Standard & Poor’s and Moody’s, affect the default rate of corporate bonds. The postulated idea is that distorted credit ratings are created when competing credit rating agencies want to increase their market share or revenue. LÄS MER