Items related to Credit Rating Governance: Global Credit Gatekeepers...

Credit Rating Governance: Global Credit Gatekeepers (Routledge Studies in Corporate Governance) - Hardcover

Book 7 of 24: Routledge Studies in Corporate Governance

Naciri, Ahmed

 
9781138796546: Credit Rating Governance: Global Credit Gatekeepers (Routledge Studies in Corporate Governance)
Hardcover
ISBN 10: 1138796549 ISBN 13: 9781138796546
Publisher: Routledge, 2015

Synopsis

Credit rating agencies play an essential role in the modern financial system and are relied on by creditors and investors on the market. In the recent financial crisis, their power and reliability were often questioned, yet a simple rating downgrade could threaten to bankrupt a whole country.

This book examines the governance of credit rating agencies, as expressed by their ability to fairly, ethically and consistently assign higher rates to issuers having lesser default risks. However, factors such as the drive for increased revenue and market share, the inadequate business model, the inadequate methodology of assessing risk, opacity and inadequate internal monitoring have all been identified as critical governance failures for credit agencies. This book explores these issues, and proposes some potential solutions and improvements.

This will be of interest to researchers and advanced students of corporate finance, finance, financial economics, risk management, investment management, and banking.

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About the Author

Ahmed Naciri is Professor at the School of Business at UQAM, Canada. His work has earned him the Award of Excellence from the Canadian Association of Administrative Sciences.

"About this title" may belong to another edition of this title.

Publisher
Routledge
Publication date
2015
Language
English
ISBN 10 
1138796549
ISBN 13 
9781138796546
Binding
Hardcover
Edition number
1
Number of pages
252