Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
Results
Showing 1 to 20 of 51 for “"Credit Ratings"”.
-
The Informational Value of Corporate Credit Ratings
This thesis examines the quality of credit ratings issued by the three major credit rating agencies - Moody’s, Standard and Poor’s and Fitch. If credit ratings are informative, then prices of underlying credit instruments such as fixed-income securities and credit default insurance should change to …
-
Long short-term memory neural networks for predicting corporate credit ratings
Credit ratings are an important tool when assessing financial instruments and investments. The existing literature shows that long short-term memory (LSTM) neural networks are the best neural network to predict credit ratings, while random forests have been shown to perform better than regular …
-
The impact of sovereign credit ratings on foreign exchange rate returns in Africa
This study investigates the impact of sovereign credit ratings on foreign exchange rate returns for a sample of 27 African countries over the period 2003–2018 to examine the response of the exchange rates around the time of sovereign rating announcements. The data consist of longterm foreign …
-
Split credit ratings and the prediction of bank ratings in the Basel II environment
This thesis investigates two aspects of credit risk measurement in the context of Basel 11: The International Convergence of Capital Measurement and Capital Standards. The first is the problem arising when two credit rating agencies disagree over the rating assigned to an issuer and a split rating …
-
Determinants of sovereign credit ratings in an emerging economy: A case of South Africa
… identify and measure determinants of sovereign credit ratings for emerging markets as rated by the three leading ratings agencies, namely:- Fitch, Moody's, and Standard and Poor's. Sovereign credit ratings have a vital role in capital mobilisation and portfolio inflows as they dictate the cost …
-
The investigation of the effect of corporate governance on firm's credit ratings in the hospitality industry
… governance to lower default risks and higher credit ratings, this quantitative study is designed to identify the effects of corporate governance on credit ratings in the hospitality industry. After exploring the various factors influencing the characteristics of corporate governance, as well …
-
Banks, credit and culture. Cross border lending and credit ratings, their effectiveness and the impact of cultural differences.
… banks with emphasis on cross border lending and credit rating, their effectiveness and the impacts of cultural differences. Perhaps this would not differ substantially from a researcher or a scholar, yet the exploratory approach taken in this research will be somewhat different as it deliberately …
-
Non-Linear Implications of Credit Ratings in the Selection of Capital Providers and their Validity as Hidden Information Indicators
The Credit Ratings (CR) and Capital Structure (CR-CS) hypothesis asserts that CR influence firms' debt levels. This study argues that CR as an indicator of hidden information is more influential in determining the choice of Capital Providers (CP). Using a sample of 629 firms and 12,580 firm-year …
-
The impact of a change in sovereign credit ratings on stock market volatility: A comparison of emerging and developed countries
Sovereign credit ratings affect a country’s financial well-being. The financial markets, at large, have become quite topical within the public space, as well as policy makers and academics. This area has been examined in detail, especially after the global financial crisis of 2008. Rating agencies …
-
The impact of sovereign credit rating changes on financial market returns in Africa
… countries, the extent to which sovereign credit rating announcements bridge the information gap between investors and issuers of securities is debatable. Thus, this thesis investigates the effects of the information provided by credit rating agencies on financial markets in 30 African …
-
Municipal Bond Credit Rating Access and Retail Investors’ Transaction Costs
… a rule change requiring the display of current credit ratings on the EMMA website, a centralized repository of municipal bond information. Prior to the rule change, current credit ratings were freely available on individual rating agencies’ websites or on EMMA if municipalities provided relevant …
-
Credit rating agencies and conflicts of interest
Credit rating agencies are controversial yet influential financial gatekeepers. Many have attributed the recent failures of credit rating agencies to conflicts of interest, such as the agencies’ issuer-pays business model and the agencies’ provision of ancillary services. This report identifies …
-
Credit rating agencies: regulatory changes and market participants’ reactions
The lack of regulatory oversight on Credit Rating Agencies (CRAs) has for a long time been viewed as an anomaly, particularly as CRAs were perceived to wield unfettered power, sanctioning the flow of funds between investors and borrowers in global securities markets. The regulatory void was in …
-
Rewards of a Voluntary Risk Management Committee: Is it Fact or Fiction?
… level is related to the financial stability and creditworthiness of nonfinancial firms. Firstly, we investigated whether the existence of a separate risk management committee is associated with the firm’s leverage, solvency, financial health, and organizational soundness. Secondly, we examined …
-
The role of political business cycles (PBCs) and its influence on the credit rating action that countries receive: A BRICS perspective
… cycles (if present) have on the sovereign credit ratings that the BRICS countries receive from credit rating agencies. Credit rating agencies make use of a combination of political, social and economic factors to determine the ratings assigned to various countries. The credit ratings …
-
Does the Permanently Reinvested Earnings Assertion Influence Perceptions of Credit Risk?
… disclosure quality in financial statements and credit risk. The purpose of this study is to examine the relations among foreign reinvestment strategy, PRE disclosure, and long-term credit ratings. First, I examine the direct effect of a firm's reinvestment strategy on its long-term credit …
-
IS A PENSION FUND'S MIX OF FAIR VALUE INVESTMENTS, AUDIT TYPE, AND AUDIT QUALITY ASSOCIATED WITH THE FIRM'S CREDIT RATING?
… uncertainty. Such valuation problems may concern credit reporting agencies because the sponsoring firm’s pension plan liability is uncertain. This problem is exacerbated through agency relationships within pension plans that enable executives and investment managers to engage in opportunistic …
-
Consumer credit risk measurement : challenges for the Paraguayan banking system
Credit risk is often a critical risk in the financial sector. Therefore, how a financial institution manages its credit risk is an important determinant of profitability and solvency. In this regard, the identification and measurement of credit risk is the first component of efficient risk …
Page 1 of 3