Matches in SemOpenAlex for { <https://semopenalex.org/work/W2135672872> ?p ?o ?g. }
- W2135672872 abstract "We find evidence of systematic optimism and pessimism among credit analysts, comparing contemporaneous ratings of the same firm across rating agencies. These differences in perspectives carry through to debt prices and negatively predict future changes in credit spreads, consistent with mispricing. Moreover, the pricing effects are the largest among firms that are the most opaque, likely exacerbating financing constraints. We find that MBAs provide higher quality ratings; however, optimism increases and accuracy decreases with tenure covering the firm. Our analysis demonstrates the role analysts play in shaping investor expectations and its effect on corporate debt markets." @default.
- W2135672872 created "2016-06-24" @default.
- W2135672872 creator A5024084600 @default.
- W2135672872 creator A5057745899 @default.
- W2135672872 creator A5070345150 @default.
- W2135672872 date "2013-01-01" @default.
- W2135672872 modified "2023-09-26" @default.
- W2135672872 title "Are Credit Ratings Subjective? The Role of Credit Analysts in Determining Ratings" @default.
- W2135672872 cites W1590070303 @default.
- W2135672872 cites W1919222087 @default.
- W2135672872 cites W1933809650 @default.
- W2135672872 cites W1985164736 @default.
- W2135672872 cites W1999998466 @default.
- W2135672872 cites W2003993683 @default.
- W2135672872 cites W2032792929 @default.
- W2135672872 cites W2034047967 @default.
- W2135672872 cites W2050298831 @default.
- W2135672872 cites W2054673466 @default.
- W2135672872 cites W2057285392 @default.
- W2135672872 cites W2061269261 @default.
- W2135672872 cites W2086281961 @default.
- W2135672872 cites W2088864916 @default.
- W2135672872 cites W2096477712 @default.
- W2135672872 cites W2098214089 @default.
- W2135672872 cites W2100876305 @default.
- W2135672872 cites W2108077410 @default.
- W2135672872 cites W2108548811 @default.
- W2135672872 cites W2113326322 @default.
- W2135672872 cites W2113383833 @default.
- W2135672872 cites W2114294998 @default.
- W2135672872 cites W2118959968 @default.
- W2135672872 cites W2122699312 @default.
- W2135672872 cites W2124758339 @default.
- W2135672872 cites W2144012049 @default.
- W2135672872 cites W2149770221 @default.
- W2135672872 cites W2151747420 @default.
- W2135672872 cites W2154303208 @default.
- W2135672872 cites W2159008547 @default.
- W2135672872 cites W2160867884 @default.
- W2135672872 cites W2170246810 @default.
- W2135672872 cites W2263023613 @default.
- W2135672872 cites W3121252073 @default.
- W2135672872 cites W3122008760 @default.
- W2135672872 cites W3122333907 @default.
- W2135672872 cites W3123236483 @default.
- W2135672872 cites W3123353615 @default.
- W2135672872 cites W3123945453 @default.
- W2135672872 cites W3124910711 @default.
- W2135672872 cites W3125075820 @default.
- W2135672872 cites W3125287135 @default.
- W2135672872 cites W3125357838 @default.
- W2135672872 cites W3125389245 @default.
- W2135672872 cites W3125854184 @default.
- W2135672872 cites W3125879411 @default.
- W2135672872 cites W3144040573 @default.
- W2135672872 doi "https://doi.org/10.2139/ssrn.2230915" @default.
- W2135672872 hasPublicationYear "2013" @default.
- W2135672872 type Work @default.
- W2135672872 sameAs 2135672872 @default.
- W2135672872 citedByCount "8" @default.
- W2135672872 countsByYear W21356728722013 @default.
- W2135672872 countsByYear W21356728722014 @default.
- W2135672872 countsByYear W21356728722015 @default.
- W2135672872 countsByYear W21356728722017 @default.
- W2135672872 countsByYear W21356728722019 @default.
- W2135672872 crossrefType "journal-article" @default.
- W2135672872 hasAuthorship W2135672872A5024084600 @default.
- W2135672872 hasAuthorship W2135672872A5057745899 @default.
- W2135672872 hasAuthorship W2135672872A5070345150 @default.
- W2135672872 hasConcept C10138342 @default.
- W2135672872 hasConcept C106159729 @default.
- W2135672872 hasConcept C111472728 @default.
- W2135672872 hasConcept C120527767 @default.
- W2135672872 hasConcept C138885662 @default.
- W2135672872 hasConcept C144133560 @default.
- W2135672872 hasConcept C1453916 @default.
- W2135672872 hasConcept C15744967 @default.
- W2135672872 hasConcept C162324750 @default.
- W2135672872 hasConcept C178350159 @default.
- W2135672872 hasConcept C204017024 @default.
- W2135672872 hasConcept C205208723 @default.
- W2135672872 hasConcept C24308983 @default.
- W2135672872 hasConcept C2776035688 @default.
- W2135672872 hasConcept C2779530757 @default.
- W2135672872 hasConcept C2993896846 @default.
- W2135672872 hasConcept C46312422 @default.
- W2135672872 hasConcept C556758197 @default.
- W2135672872 hasConcept C73283319 @default.
- W2135672872 hasConcept C77805123 @default.
- W2135672872 hasConcept C9992130 @default.
- W2135672872 hasConceptScore W2135672872C10138342 @default.
- W2135672872 hasConceptScore W2135672872C106159729 @default.
- W2135672872 hasConceptScore W2135672872C111472728 @default.
- W2135672872 hasConceptScore W2135672872C120527767 @default.
- W2135672872 hasConceptScore W2135672872C138885662 @default.
- W2135672872 hasConceptScore W2135672872C144133560 @default.
- W2135672872 hasConceptScore W2135672872C1453916 @default.
- W2135672872 hasConceptScore W2135672872C15744967 @default.
- W2135672872 hasConceptScore W2135672872C162324750 @default.
- W2135672872 hasConceptScore W2135672872C178350159 @default.