کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5063420 | 1372227 | 2009 | 15 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Heterogeneity of sovereign rating migrations in emerging countries
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موضوعات مرتبط
علوم انسانی و اجتماعی
مدیریت، کسب و کار و حسابداری
کسب و کار و مدیریت بین المللی
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چکیده انگلیسی
This is a unique study of the relationship between emerging sovereign rating migrations and the sources of rating heterogeneity. It employs data from six international rating agencies and 90 emerging countries. Rating momentum is present, and we are the first to document that multiple-notch rating changes have greater impact on the probability of subsequent rating actions. Watchlist status is influential on migration probabilities, and dominates rating momentum in some cases. Rating duration, existing rating and issuer's domicile region are useful determinants in modelling the migration process. Notably, considerable inter-agency differences are revealed, suggestive of different rating processes being employed.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Emerging Markets Review - Volume 10, Issue 2, June 2009, Pages 151-165
Journal: Emerging Markets Review - Volume 10, Issue 2, June 2009, Pages 151-165
نویسندگان
Rasha Al-Sakka, Owain ap Gwilym,