An ordered probit model of Morningstar individual stock ratings

This article analyses the overall ratings given to individual companies listed in the 'Morningstar Stocks 2005', using information provided on the company in that publication. We conduct our analysis using an ordered probit model. We find that the moat size and business risk variables identified by Morningstar are important determinants of ratings. However, we find that the style box variables are insignificant.

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Year of publication:	2008
Authors:	Brooks, Robert ; Naylor, Shelley Claire
Published in:	Applied Financial Economics Letters. - Taylor and Francis Journals, ISSN 1744-6546. - Vol. 4.2008, 5, p. 341-345
Publisher:	Taylor and Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004988273