Aggregate confusion: The divergence of ESG ratings
This paper investigates the divergence of environmental, social, and governance (ESG)
ratings based on data from six prominent ESG rating agencies: Kinder, Lydenberg, and …
ratings based on data from six prominent ESG rating agencies: Kinder, Lydenberg, and …
Credit rating agencies: An overview
LJ White - Annu. Rev. Financ. Econ., 2013 - annualreviews.org
Credit rating agencies (CRAs) play a central role in the debt (bond) markets of many
countries. CRAs have also attracted a considerable amount of public and policy attention …
countries. CRAs have also attracted a considerable amount of public and policy attention …
Is sell‐side research more valuable in bad times?
Because uncertainty is high in bad times, investors find it harder to assess firm prospects
and hence should value analyst output more. However, higher uncertainty makes analysts' …
and hence should value analyst output more. However, higher uncertainty makes analysts' …
Monitoring and corporate disclosure: Evidence from a natural experiment
RM Irani, D Oesch - Journal of Financial Economics, 2013 - Elsevier
Using an experimental design that exploits exogenous reductions in coverage resulting from
brokerage house mergers, we find that a reduction in coverage causes a deterioration in …
brokerage house mergers, we find that a reduction in coverage causes a deterioration in …
Analyst coverage and real earnings management: Quasi-experimental evidence
RM Irani, D Oesch - Journal of Financial and Quantitative Analysis, 2016 - cambridge.org
We study how securities analysts influence managers' use of different types of earnings
management. To isolate causality, we employ a quasi-experiment that exploits exogenous …
management. To isolate causality, we employ a quasi-experiment that exploits exogenous …
Nudgitize me! A behavioral finance approach to minimize losses and maximize profits from heuristics and biases
J Puaschunder - International Journal of Management …, 2018 - techmindresearch.org
Behavioral Finance is one of the most novel developments in Behavioral Economics. Since
the end of the 1970ies a wide range of psychological, economic and sociological laboratory …
the end of the 1970ies a wide range of psychological, economic and sociological laboratory …
Does the scope of the sell‐side analyst industry matter? An examination of bias, accuracy, and information content of analyst reports
We examine changes in the scope of the sell‐side analyst industry and whether these
changes impact information dissemination and the quality of analysts' reports. Our findings …
changes impact information dissemination and the quality of analysts' reports. Our findings …
Can investor-paid credit rating agencies improve the information quality of issuer-paid rating agencies?
H ** or catering? An examination of the response to competitive pressure for CDO credit ratings
We examine whether “rating shop**” or “rating catering” is a more accurate
characterization of rating agency interactions regarding collateralized debt obligations …
characterization of rating agency interactions regarding collateralized debt obligations …