The Credit Ratings Game

By Patrick Bolton, Xavier Freixas, Joel Shapiro. 2012

295 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/91c9f9b471e47447a27091c2af1bac56443e8922

Citations in the corpus

• Are All Ratings Created Equal? The Impact of Issuer Size on the Pricing of Mortgage-Backed Securities (2012, unknown): “Perverse incentives of the rating agencies worsen during market booms, when the short-term benefits of additional rating business net of potential reputational costs are the highest (e.g., Bar-Isaac and Shapiro (2010), Bolton, Freixas, and Shapiro (2012)).”
• Truth-telling by Third-party Auditors and the Response of Polluting Firms: Experimental Evidence from India* (2013, unknown): “These results support a key insight offered by the literature on market behavior of information intermediaries, that competition can lead to inaccurate information provision (Dranove and Jin, 2010; Bolton et al., 2011).”