Bayesian Inference for Issuer Heterogeneity in Credit Ratings Migration

By Ashay Kadam, Peter J. Lenk. 2008

54 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/37b557df4d3730fdf3f5be85ce689b390f13cb44

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. R. Brooks
2. P. Hill
3. R. Faff
4. Nick Bontis
5. Gerhard Kristandl

In Finance

1. R. Brooks
2. P. Hill
3. R. Faff
4. Nick Bontis
5. Gerhard Kristandl

Citations in the corpus

• Modeling Ordered Choices: A Primer and Recent Developments (2008, unknown): “Applications to the univariate ordered probit model include Kadam and Lenk (2008), Ando (2006), Zhang et al. (2007) and Tomoyuki and Akira (2006).”
• Variations in sovereign credit quality assessments across rating agencies (2010, background): “…off diagonal elements account for about 98% of rating outcomes.7 Immediately off diagonal elements are equivalent to a one notch rating change based on the finer rating categories employed 6 Kadam and Lenk (2008) employ Bayesian estimation to overcome data sparseness at the corporate level.”