Credit Rating Agencies in Capital Markets: A Review of Research Evidence on Selected Criticisms of the Agencies

By C. Frost. 2007

187 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/fcd7ae7e457c1695586709425641b9010dbad664

How researchers see this paper

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In Accounting

1. Stacie Kelley Laplante
2. Sean T. McGuire
3. Benjamin C. Ayers
4. G. He
5. John (Xuefeng) Jiang
6. Dhammika Dharmapala

In Finance

1. Sean T. McGuire
2. Benjamin C. Ayers

Citations in the corpus

• Impact of proximity to debt covenant violation on earnings management (2013, unknown): “Credit ratings have become increasingly important in debt contracts because they are viewed as efficient credit quality benchmarks (Frost 2006).”
• Managerial Ability and Credit Ratings (2017, unknown): “As borrowers cannot credibly convey their true type, CRAs serve as important intermediaries mitigating the information problem and facilitate contracting (Beaver, et al., 2006; Frost 2007).”
• Credit Ratings and Taxes: The Effect of Book–Tax Differences on Ratings Changes (2008, background): “The importance of credit ratings continues to rise with the globalization of financial markets and the increased use of credit ratings in financial regulation and contracting (Frost 2007).”