Are unsolicited credit ratings biased downward?

Author: Poon W.P.H.1

Source: Journal of Banking and Finance, Volume 27, Number 4, April 2003 , pp. 593-614(22)

Publisher: Elsevier

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Keywords: [JEL classification codes] G20; [JEL classification codes] G10; [JEL classification codes] G15; Unsolicited credit ratings; Selectivity bias; Standard and Poor's ratings; Ordered-probit model

Language: English

Document Type: Research article

DOI: 10.1016/S0378-4266(01)00253-9

Affiliations: 1: Department of Accounting and Finance, Lingnan University, 8 Castle Peak Road, , N.T., Tuen Mun, Hong Kong

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