Who Should Pay for Credit Ratings and How?
收藏NBER2013-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w18923
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资源简介：
We analyze a model where investors use a credit rating to decide whether to finance a firm. The rating quality depends on unobservable effort exerted by a credit rating agency (CRA). We study optimal compensation schemes for the CRA when a planner, the firm, or investors order the rating. Rating
提供机构：
美国国家经济研究局
创建时间：
2013-03-01
