The Effects of Corporate Governance on Firms' Credit Ratings

By H. Ashbaugh-Skaife, Daniel W. Collins, Ryan Lafond. 2006

1,313 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/15739adc901cc9adca079f1e789569f3f950ca70

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Citations in the corpus

Rating the Ratings: How Good are Commercial Governance Ratings? (2010, neutral): “…the results from estimating the relationship between corporate governance ratings and contemporaneous credit ratings issued by Standard and Poor’s, after controlling for a number of variables shown to be related to credit ratings in prior research (e.g., Ashbaugh-Skaife, Collins, and LaFond, 2006).”
Director Ownership, Governance, and Performance (2013, background): “Ashbaugh-Skaife, Collins, and LaFond (2006) make a similar point in their study of the effects of corporate governance on firms’ credit ratings.”
Rating Agency Adjustments to GAAP Financial Statements and Their Effect on Ratings and Credit Spreads (2015, background): “Ashbaugh-Skaife et al. (2006) document that weaker corporate governance is associated with lower ratings.”
Does the identity of engagement partners matter? An analysis of audit partner reporting decisions (2015, methodology): “We estimate the following model based on Mansi, Maxwell and Miller (2004), Ashbaugh-Skaife et al. (2006), Kim et al.”
The Effects of Corporate and Country Sustainability Characteristics on The Cost of Debt: An International Investigation (2014, positive): “We use credit ratings provided by Standard and Poor’s, or Moody’s if the former is not available, and translate them to a numeric scale following a rationale similar to that applied by Ashbaugh-Skaife et al. (2006) and Oikonomou et al. (2014).”
Do Nonfinancial Stakeholders Affect the Pricing of Risky Debt? Evidence from Unionized Workers (2012, neutral): “Moreover, Ashbaugh-Skaife et al. (2006) show that better governance improves bond ratings.”
Corporate Governance and the Cost of Debt: Evidence from Director Limited Liability and Indemnification Provisions (2011, neutral): “(2005), Ashbaugh-Skaife et al. (2006, “ACL” henceforth), and Chava et al. (2009b),”
What affects accounting conservatism: A corporate governance perspective (2009, background): “and Ashbaugh-Skaife et al. (2006) , we measure board expertise with the percentage of”
Corporate Governance and Executive Compensation for Corporate Social Responsibility (2015, neutral): “Following Ashbaugh-Skaife, Collins, and LaFond (2006), we measure the number of large institutional shareholders by calculating the number of block shareholders (NUMBLOCKS), where a block shareholder is defined as an institution that owns more than 5% of a firm’s outstanding voting shares.”
Correcting for Cross-Sectional and Time-Series Dependence in Accounting Research (2010, neutral): “27 variable (e.g., Ahmed et al. 2002; Shi 2003; Ashbaugh-Skaife et al. 2006; Cremers et al. 2007; Eberhardt et al. 2008; Lee 2008; Hann et al. 2007; Jiang 2008; Mansi et al. 2004, 2009).”
Board structures and the establishment of a risk management committee by Malaysian listed firms (2010, background): “Recent studies have specifically linked multiple directorships to higher debt ratings ( Ashbaugh-Skaife et al. 2006 ), and to lower accounting conservatism (Ahmed and Duellman 2007).”
Voluntary Audits Versus Mandatory Audits (2011, background): “September 2011 Control Variables Our set of control variables (Xit) follows recent research on the determinants of credit ratings (e.g., Ashbaugh-Skaife et al. 2006; Fortin and Pittman 2007): AGEit = company i’s age in year t; LTSit = log of total sales; LTAit = log of total assets; INTCOVit =…”