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competitiveness assessment in crediting rating industry. Design/methodology/approach: In this study, we propose the PCA (Principal … leading place in credit rating industry, and Japan' agencies have made great progress in industry competition (such as JCR …
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in competition within the credit rating industry. The Supervisory Provisions aim to explain, in precise detail, the rules … more ratings. However, in this article we will look at the chances of this artificial push to increase competition actually …
Persistent link: https://www.econbiz.de/10012952931
We develop a theoretical model to analyse the e ect of competition on the conflict of interest arising from the issuer … inflate ratings under competition, resulting in lower expected welfare. These results do not depend on the presence of ratings … suggest that ongoing regulatory initiatives aimed at increasing competition in the ratings industry may reduce overall welfare …
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I analyze a model of competition between credit rating agencies (CRAs). In equilibrium, investors only buy assets that … CRAs' reputational concerns. When the perverse effect dominates, competition reduces the quality of certification. However …
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This paper discusses the relation between trade and competition, revising the literature and using indicators, build … domestic competition is explained by concentration indices, such as CR4 and HHI, which show positive correlation with profit … evaluating trade and competition policies in the context of the Brazilian economy. …
Persistent link: https://www.econbiz.de/10014429351