Estimating the Costs of Issuer-Paid Credit Ratings

By Jess Cornaggia, K. Cornaggia. 2013

197 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/9c50406bcccead98c5c3edf1321aa9f847ecef1c

Citations in the corpus

• Managerial Ability and Credit Ratings (2017, unknown): “Cornaggia and Cornaggia (2013) review and analyze empirically the relative costs and benefits of the qualitative analysis from traditional CRAs vis-à-vis an automated quantitative model.”
• Rating Shopping or Catering? An Examination of the Response to Competitive Pressure for CDO Credit Ratings (2013, unknown): “4 Cornaggia and Cornaggia (2013) find that issuer-paid ratings are less accurate and timely.”
• Can Investor-Paid Credit Rating Agencies Improve the Information Quality of Issuer-Paid Rating Agencies? (2014, unknown): “In a similar vein, Cornaggia and Cornaggia (2013) document that while issuer-paid agencies tend to cater to issuers’ interests and understate”