Klusak, Patrycja, Thornton, John and Uymaz, Yurtsev (2020) Do personal connections improve sovereign credit ratings? Finance Research Letters, 33. ISSN 1544-6123

Preview

PDF (Accepted_Manuscript) - Submitted Version Download (855kB) | Preview

Abstract

In a large sample of sovereign debt issues, we show that a personal connection between senior executives in credit rating agencies and leading politicians in the sovereign results in an improved rating. A test on bond yields suggest that the personal connection reflects a favorable treatment of the issuer.

Item Type:	Article
Uncontrolled Keywords:	information asymmetries,personal connections,sovereign credit ratings,finance ,/dk/atira/pure/subjectarea/asjc/2000/2003
Faculty \ School:	Faculty of Social Sciences > Norwich Business School
Related URLs:	http://www.scopus.com/inward/record.url?...
Depositing User:	LivePure Connector
Date Deposited:	21 May 2019 15:30
Last Modified:	15 Dec 2020 00:45
URI:	https://ueaeprints.uea.ac.uk/id/eprint/71087
DOI:	10.1016/j.frl.2019.05.012

Actions (login required)

View Item