Rating kredytowy emitenta i inwestora – porównanie wpływu determinant
Issuer- and Investor-Paid Credit Ratings – A Comparison of Factors
Author(s): Patrycja Chodnicka-JaworskaSubject(s): Social Sciences, Business Economy / Management, Micro-Economics
Published by: Wydawnictwo Naukowe Wydziału Zarządzania Uniwersytetu Warszawskiego
Keywords: credit rating agency; issuer-paid credit ratings; investor-paid credit ratings
Summary/Abstract: The aim of the paper is to analyse European banks’ credit ratings factors. To this end, a literature review has been made about the impact of credit ratings factors and the following hypothesis has been put forward: The strength of the banks’ credit ratings factors depends on the issuer- and investor-paid notes. Thomson Reuters database has been used for the analysis. The analysis has been made by using panel data models. As a dependent variable, long-term credit ratings presented by credit rating agencies from 2000 to 2015 have been used. Credit ratings have been decomposed linearly. The study has been made using quarterly data.
Journal: Problemy Zarządzania
- Issue Year: 15/2017
- Issue No: 1 (66)
- Page Range: 64-78
- Page Count: 15
- Language: English, Polish