Markets: The Credit Rating Agencies

By Lawrence J. White. 2010

538 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/1bb0994a2dcb2e1108c3fe1e031827ed36e1648a

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Citations in the corpus

Rating Agencies in the Face of Regulation (2013, unknown): “However, given the scale of the 2008/2009 crisis and the involvement of very sophisticated institutions (see White, 2010; Diamond and Rajan, 2009), an explanation that relies purely on behavioral distortions might be too simplistic.”
Sovereign Rating News and Financial Markets Spillovers: Evidence from the European Debt Crisis (2011, unknown): “White (2010) provides an excellent overview of the literature on credit rating agencies including on the evidence of their sluggishness in making corporate rating announcements in the US.”
Estimating the Costs of Issuer-Paid Credit Ratings (2013, unknown): “3 Regulated institutional investors Regulators have historically relied on credit ratings produced by the Big 3 to mitigate insolvency risk of banks, pension funds, and insurance companies (see Cantor and Packer 1997; White 2010).”
Supply chain finance: From traditional to supply chain credit rating (2019, background): “In the 1970s, a change in the agencies’ revenue model switched the cost of the rating to the same companies interested in receiving a rating (White, 2010).”
Ratings Quality Over the Business Cycle (2013, background): “White (2010) highlights the role that regulation has played in enhancing the importance and market power of the three major rating agencies (by granting them a special status and having capital and investment requirements tied to ratings).”
Truth-telling by Third-party Auditors and the Response of Polluting Firms: Experimental Evidence from India* (2013, unknown): “For overviews of problems in the U.S. corporate audit and credit ratings markets see Ronen (2010) and White (2010), respectively.”
Good disclosure, bad disclosure (2019, background): “Many observers identify inaccurate credit ratings as one of the main contributors to the recent financial crisis, which has prompted an examination of the role of credit rating agencies (see Skreta and Veldkamp, 2009 and White, 2010 for related discussions).”
The Credit Ratings Game (2012, unknown): “Best received the designation, and in 2006, 3 more designations were given out (White (2010)). barrier to entry”.”
Revolving Doors on Wall Street (2016, unknown): “3 CRAs serve a quasi-regulatory role as gatekeepers to capital markets; see Faulkender and Petersen (2006), Kisgen (2006), White (2010), Ellul, Jotikasthira, and Lundblad (2011), and Bongaerts, Cremers, and Goetzman (2012).”