Essays about: "Ebba Bogfors"

Found 2 essays containing the words Ebba Bogfors.

  1. 1. Conservatism in Credit Ratings: A Comparative Study of Time-Varying Credit Rating Standards in Europe and the US, 1997-2023

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Ebba Bogfors; Elsa Persson; [2023]
    Keywords : Credit ratings; Rating quality; Rating conservatism; Rating standards;

    Abstract : Our paper reveals increased conservatism in credit ratings in both Europe and the US from 1997 to 2023, with the effect stabilizing after the financial crisis. On average, ratings have declined by more than three notches in Europe, signifying that a firm rated AAA in 1997, with constant financial characteristics, would receive a rating of AA- in 2023. READ MORE

  3. 2. Banks' Economic Risk Exposures in a Low Interest Rate Environment

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Ebba Bogfors; Jessica Stefansson; [2021]
    Keywords : Credit Risk; Interest Rate Exposure; Low Interest Rates; Bank Profitability; Factor Models;

    Abstract : This paper studies banks' economic risk exposures over time using daily frequency data. We find that the theoretical risk factors banks are exposed to, credit risk and interest rate risk, are alone unsuccessful in explaining variation in bank equity returns. READ MORE