An empirical analysis of changes in credit rating properties: Timeliness, accuracy and volatility

By Mei Cheng, Monica Neamtiu. 2009

237 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/a2ad00e764c1bc519e5381ad3ba8769ef0a46ffe

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. Boochun Jung
2. Y. Yang
3. Naomi S. Soderstrom

In Finance

1. Boochun Jung
2. Y. Yang
3. Naomi S. Soderstrom

Citations in the corpus

• Earnings Smoothing Activities of Firms to Manage Credit Ratings (2012, methodology): “Following Cheng and Neamtiu (2009), we use downgrade timeliness to proxy for S&P’s monitoring effort.”
• Do Rating Agencies Cater? Evidence from Rating-Based Contracts (2015, unknown): “Recent research on rating agency incentives (Beaver et al. (2006), Cheng and Neamtiu (2009), Covitz and Harrison (2003), Benmelech and Dlugosz (2009), Ashcraft and Schuermann (2008)) examines rating agency conflicts; however, the literature has not investigated the contracting channel.”
• Can Investor-Paid Credit Rating Agencies Improve the Information Quality of Issuer-Paid Rating Agencies? (2014, unknown): “Milbourn (2011), Cheng and Neamtiu (2009), Doherty et al.”
• Impact of the Dodd-Frank Act on Credit Ratings (2014, unknown): “Similarly, Cheng and Neamtiu (2009) find that CRAs issue more timely downgrades, increase rating accuracy, and reduce rating volatility following the passage of the Sarbanes-Oxley Act in 2002.”