| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5089901 | Journal of Banking & Finance | 2012 | 11 Pages |
Abstract
⺠I study rating agencies' incentives to reveal information about their client firms. ⺠Rating agencies use public and private information about a firm. ⺠A monopolistic rating agency may conform to public information. ⺠With competition, a rating agency may contradict public information. ⺠A good rating can be issued more often with competition than in a monopoly.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Beatriz Mariano,