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2007-08-01Buch DOI: 10.18452/4062
How do Rating Agencies Score in Predicting Firm Performance
dc.contributor.authorLöffler, Gunter
dc.contributor.authorPosch, Peter N.
dc.date.accessioned2017-06-15T23:29:23Z
dc.date.available2017-06-15T23:29:23Z
dc.date.created2007-08-31
dc.date.issued2007-08-01
dc.identifier.issn1860-5664
dc.identifier.urihttp://edoc.hu-berlin.de/18452/4714
dc.description.abstractWe use dynamic panel analysis to examine whether credit rating agencies achieve what they claim to achieve, namely, look into the future when assigning their ratings. We find that Moody's ratings help predict individual financial ratios over a horizon of up to five years. Ratings also predict a multivariate credit score, again over five years. The contribution of ratings appears to be economically significant and robust for different specifications.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.subjectCredit Ratingseng
dc.subjectPredictive abilityeng
dc.subjectDynamic Panel Modeleng
dc.subject.ddc330 Wirtschaft
dc.titleHow do Rating Agencies Score in Predicting Firm Performance
dc.typebook
dc.identifier.urnurn:nbn:de:kobv:11-10079236
dc.identifier.doihttp://dx.doi.org/10.18452/4062
local.edoc.container-titleSonderforschungsbereich 649: Ökonomisches Risiko
local.edoc.pages29
local.edoc.type-nameBuch
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume2007
local.edoc.container-issue43
local.edoc.container-year2007
local.edoc.container-erstkatid2195055-6

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