Showing 1 - 10 of 120
Persistent link: https://www.econbiz.de/10003860112
Persistent link: https://www.econbiz.de/10001765581
Persistent link: https://www.econbiz.de/10001631632
Persistent link: https://www.econbiz.de/10001753231
We consider the role of credit ratings when contracts between investors and portfolio managers are incomplete. In our model, a credit rating and a price on a risky bond both provide verifiable signals about a non-contractible state. We allow the investor to both impose ex ante restrictions on...
Persistent link: https://www.econbiz.de/10012904654
Persistent link: https://www.econbiz.de/10009553509
Persistent link: https://www.econbiz.de/10002866901
Persistent link: https://www.econbiz.de/10003522785
Persistent link: https://www.econbiz.de/10011309743
Persistent link: https://www.econbiz.de/10011740324