Essays about: "credit ratings"
Showing result 6 - 10 of 102 essays containing the words credit ratings.
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6. The impact of environmental performance on credit ratings
University essay from Lunds universitet/Nationalekonomiska institutionenAbstract : This paper aims to investigate the relationship between environmental performance and credit ratings on the Asian, European, and North American market in the context of the ESG framework over a period of ten years through 2013-2022. Through the usage of primarily POLS and POLS with a fixed year effect model, 242 firms across the different regions are studied on an aggregate level, in terms of being consumer oriented and manufacturing intensive as well as on a regional level in order to explore said relationship. READ MORE
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7. 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 ekonomiAbstract : 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
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8. Beyond Credit Ratings: The Role of (E)SG in Sovereign Debt Investments
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : The study investigates the correlation between ESG performance and sovereign bond yield spreads using regression analysis. The results reveal a significant negative correlation between the Governance and Social indices and bond spreads, emphasising the importance of good governance practices and social stability in reducing the risk of sovereign debt default. READ MORE
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9. Multi-factor approximation : An analysis and comparison ofMichael Pykhtin's paper “Multifactor adjustment”
University essay from Umeå universitet/Institutionen för matematik och matematisk statistikAbstract : The need to account for potential losses in rare events is of utmost importance for corporations operating in the financial sector. Common measurements for potential losses are Value at Risk and Expected Shortfall. These are measures of which the computation typically requires immense Monte Carlo simulations. READ MORE
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10. Financial Frontlines: Assessing the impact of the Russia-Ukraine conflict on the European corporate bond market
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : This paper investigates how European firms accessed the corporate bond market during the Russia-Ukraine war. Using a comprehensive dataset of European bond issues from 2017-2023, we find that fewer bonds were issued during the war than in previous periods, particularly Russian bonds and those denominated in Rubles. READ MORE