Does It Matter Who Pays for Bond Ratings? Historical Evidence

By John (X.) Jiang, M. Stanford, Yuan Xie. 2010

307 citations recorded by the source corpus.

How researchers see this paper

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

Gender Differences in Financial Reporting Decision-Making: Evidence from Accounting Conservatism (2015, unknown): “Following Jiang, Stanford, and Xie (2012), we estimate the following demeaning regression model using the pooled sample: ∆CON = µ + β1Female + β2∆X + ɛ (2) where ∆CON is the difference between the mean value of conservatism for the post-transition period and the mean value of conservatism for the…”
Have Rating Agencies Become More Conservative? Implications for Capital Structure and Debt Pricing (2013, background): “Finally, Jiang, Stanford, and Xie (2012) find that Standard and Poor’s assigned better ratings in 1974 after it switched from the investor-pay to the issuer-pay model.”
Outsider Oversight: Designing a Third Party Audit Ecosystem for AI Governance (2022, background): “Similar dynamics have been found in credit rating agencies [39, 70], supply chain audits [142], and accounting audits [110].”