We explore the practices of international rating agencies and develop a framework based on the auditor independence model to understand the various rating agency methodologies. Rating agencies methodologies are classified as solicited, unsolicited or co-operative depending upon: (1) whether the...

In the 1990s, the importance of international rating agencies became more pronounced among stakeholders who were interested in screening companies based on specific financial criteria. Now with a focus on sustainability, stakeholders are interested in screening companies on both financial and...

"Emerging markets are an increasingly important area of corporate strategy and fast becoming the driver of global growth. Today, emerging markets account for 40% of global GDP and are experiencing growth rates two or three times faster than developed economies. Not surprisingly, investment...

We examine the practices of various international rating agencies and develop a framework based on the auditor independence model to examine the acceptability of various rating agency methodologies. Rating agencies methodologies are classified as solicited, unsolicited or co-operative depending...