Exportar Publicação

A publicação pode ser exportada nos seguintes formatos: referência da APA (American Psychological Association), referência do IEEE (Institute of Electrical and Electronics Engineers), BibTeX e RIS.

Exportar Referência (APA) 
Carvalho, P., Laux, P. & Pereira, J. (2014). Assessing the stability of credit ratings. IFABS 2014 Conference.
Exportar Referência (IEEE) 
J. P. Carvalho et al.,  "Assessing the stability of credit ratings", in IFABS 2014 Conf., Lisboa, 2014
Exportar BibTeX 
@misc{carvalho2014_1714804673752,
	author = "Carvalho, P. and Laux, P. and Pereira, J.",
	title = "Assessing the stability of credit ratings",
	year = "2014",
	howpublished = "Outro",
	url = "http://www.ifabsconference.com/?pt=Programme"
}
Exportar RIS 
TY  - CPAPER
TI  - Assessing the stability of credit ratings
T2  - IFABS 2014 Conference
AU  - Carvalho, P.
AU  - Laux, P.
AU  - Pereira, J.
PY  - 2014
CY  - Lisboa
UR  - http://www.ifabsconference.com/?pt=Programme
AB  - The quasi-regulatory role of credit ratings depends on the extent to which they are stable and reflect a through-the-cycle credit risk assessment. Introducing a new measure of rating dynamics summarizing all observed rating transitions, this paper examines if corporate ratings from the three major agencies fulfil such requirement. Changes in ratings are found to be greater around recessions, with Standard & Poor’s being more sensitive than Moody’s and Fitch to the conditions of the business cycle. Despite this sensitiveness to the business cycle, ratings remain a less volatile, though potentially less accurate, measure of credit risk than accounting-based models of default prediction.
ER  -