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http://bura.brunel.ac.uk/handle/2438/10070Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Rablen, MD | - |
| dc.contributor.editor | Rablen, MD | - |
| dc.date.accessioned | 2015-02-03T10:39:01Z | - |
| dc.date.available | 2013-03-01 | - |
| dc.date.available | 2015-02-03T10:39:01Z | - |
| dc.date.issued | 2013 | - |
| dc.identifier.citation | Finance Research Letters, 10:1, pp. 12 - 16, 2013 | en_US |
| dc.identifier.issn | 1544-6123 | - |
| dc.identifier.uri | http://www.sciencedirect.com/science/article/pii/S1544612312000542 | - |
| dc.identifier.uri | http://bura.brunel.ac.uk/handle/2438/10070 | - |
| dc.description.abstract | During the recent credit crisis credit rating agencies (CRAs) became increas- ingly lax in their rating of structured products, yet increasingly stringent in their rating of corporate bonds. We examine a model in which a CRA operates in both the market for structured products and for corporate debt, and shares a common reputation across the two markets. We find that, as a CRA s reputation becomes good enough, it can be optimal for it to infl ate its ratings with probability one in the structured products market, but in flate its ratings with a probability zero in the corporate bond market. | en_US |
| dc.format.extent | 12 - 16 | - |
| dc.format.extent | 12 - 16 | - |
| dc.language.iso | en | en_US |
| dc.publisher | Elsevier | en_US |
| dc.subject | Reputation | en_US |
| dc.subject | Spillovers | en_US |
| dc.subject | Divergence | en_US |
| dc.subject | Rating agencies | en_US |
| dc.title | Divergence in credit ratings | en_US |
| dc.type | Article | en_US |
| dc.identifier.doi | http://dx.doi.org/10.1016/j.frl.2012.11.001 | - |
| dc.relation.isPartOf | Finance Research Letters | - |
| dc.relation.isPartOf | Finance Research Letters | - |
| pubs.issue | 1 | - |
| pubs.issue | 1 | - |
| pubs.publication-status | Published | - |
| pubs.publication-status | Published | - |
| pubs.volume | 10 | - |
| pubs.volume | 10 | - |
| pubs.organisational-data | /Brunel | - |
| pubs.organisational-data | /Brunel/Brunel Staff by College/Department/Division | - |
| pubs.organisational-data | /Brunel/Brunel Staff by College/Department/Division/College of Business, Arts and Social Sciences | - |
| pubs.organisational-data | /Brunel/Brunel Staff by College/Department/Division/College of Business, Arts and Social Sciences/Dept of Economics and Finance | - |
| pubs.organisational-data | /Brunel/Brunel Staff by College/Department/Division/College of Business, Arts and Social Sciences/Dept of Economics and Finance/Economics and Finance | - |
| pubs.organisational-data | /Brunel/University Research Centres and Groups | - |
| pubs.organisational-data | /Brunel/University Research Centres and Groups/Brunel Business School - URCs and Groups | - |
| pubs.organisational-data | /Brunel/University Research Centres and Groups/Brunel Business School - URCs and Groups/Centre for Research into Entrepreneurship, International Business and Innovation in Emerging Markets | - |
| pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Health Sciences and Social Care - URCs and Groups | - |
| pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Health Sciences and Social Care - URCs and Groups/Brunel Institute for Ageing Studies | - |
| pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Health Sciences and Social Care - URCs and Groups/Brunel Institute of Cancer Genetics and Pharmacogenomics | - |
| pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Health Sciences and Social Care - URCs and Groups/Centre for Systems and Synthetic Biology | - |
| pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Information Systems, Computing and Mathematics - URCs and Groups | - |
| pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Information Systems, Computing and Mathematics - URCs and Groups/Multidisclipary Assessment of Technology Centre for Healthcare (MATCH) | - |
| Appears in Collections: | Dept of Economics and Finance Research Papers | |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| fulltext.pdf | 108.23 kB | Adobe PDF | View/Open |
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