Essays about: "credit ratings"

Showing result 1 - 5 of 85 essays containing the words credit ratings.

  1. 1. How to Differentiate the Difference - A quantitative study on the determinants of discrepancies between expected and actual credit ratings in insurance companies

    University essay from Göteborgs universitet/Graduate School

    Author : Gustav Hellman; Henrik Walldén Persson; [2020-07-01]
    Keywords : Expected ratings; credit ratings; financial strength; discrepancy; earnings management; embedded value; IFRS; life insurers;

    Abstract : MSc in Accounting and Financial Management.... READ MORE

  2. 2. Competition in the Credit Rating Industry: How Competition between Rating Agencies affects Rating Quality

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Fransiska Aspegrén; Philip Johansson; [2020]
    Keywords : Credit ratings; Credit rating agencies; Rating quality; Competition; Reputation;

    Abstract : Higher levels of competition between credit rating agencies on an industry-year level have previously been shown to decrease the rating quality of incumbent firm credit ratings after specific changes in the credit rating industry. We successfully replicate this research and extend it empirically, finding no evidence that this correlation holds for the time period 2010-2016. READ MORE

  3. 3. Estimation of Loss Given Default Distributions for Non-Performing Loans Using Zero-and-One Inflated Beta Regression Type Models

    University essay from KTH/Matematisk statistik; KTH/Matematisk statistik

    Author : Carolina Ljung; Maria Svedberg; [2020]
    Keywords : Loss Given Default; Non-Performing Loans; Internal Ratings Based Approach; Basel Accords; Zero-and-One Inflated Beta Regression; Bayesian Inference; Förlust vid fallissemang; Icke-presterande lån; Intern riskklassificeringsmetod; Basel; Utvidgad betaregression; Bayesiansk inferens;

    Abstract : This thesis investigates three different techniques for estimating loss given default of non-performing consumer loans. This is a contribution to a credit risk evaluation model compliant with the regulations stipulated by the Basel Accords, regulating the capital requirements of European financial institutions. READ MORE

  4. 4. Firm internationalization and the Debt Cost of Capital: Evidence from publicly traded debt in the US

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Andreas Danielsson; Arne Rubin; [2020]
    Keywords : Internationalization; Cost of Debt; Multi-nationality; MNCs;

    Abstract : This paper examines the association between the firm internationalization and the cost of debt using bond credit ratings and bond credit spreads. Replicating the paper by Reeb, Mansi and Allee (2001) and then extending the study with more recent data from the period 2002-2019, we confirm their findings that higher levels of firm international activity are associated with a lower debt cost of capital. READ MORE

  5. 5. How much new information does a credit rating announcement convey to the financial markets? : A comparison before and after the 2008 global financial crisis

    University essay from Linnéuniversitetet/Institutionen för nationalekonomi och statistik (NS); Linnéuniversitetet/Institutionen för nationalekonomi och statistik (NS)

    Author : Simon Otterberg; August Zetterberg; [2020]
    Keywords : Event study; finance; credit rating; credit rating agency; information content; stock market;

    Abstract : Background: The credit rating agencies have been heavily contested and criticized. In addition to this, other informational sources may potentially deliver the information that the CRA is intended to provide. This may have changed their role in reducing information asymmetry in the financial market. READ MORE