| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 964101 | Journal of International Financial Markets, Institutions and Money | 2012 | 23 Pages |
Abstract
⺠This study proposes an information asymmetry hypothesis to examine why bank credit ratings vary among countries even when bank financial ratios remain constant. ⺠The sample includes the long-term credit ratings issued by Standard and Poor's from 86 countries during 2002-2008. ⺠The results show that the effects of financial ratios on ratings are significantly affected by information asymmetries. ⺠Countries wishing to improve the credit ratings of their banks thus should reduce information asymmetry.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Chung-Hua Shen, Yu-Li Huang, Iftekhar Hasan,