Celjo-Hörhager, Sanela; Niessen, Alexandra - Institut für Finanzmarktforschung, Wirtschafts- und … - 2006
In this experimental study we examine the impact of self-fulfilling prophecies on financial ratings. According to theoretical models like Kuhner (2001), rating agencies are more likely to reveal their private information if their rating can not become self-fulfilling from an ex-post point of...
