Rating or no rating? That is the question: an empirical examination of UK companies

Gonis, Eleimon; Paul, Salima; Tucker, Jon

doi:10.1080/1351847x.2011.649215

Cited by 6 publications

(2 citation statements)

References 57 publications

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“…This might indicate that, consistent with the reasoning of Shyam-Sunder and Myers (1999), Niskanen and Niskanen (2006) and Gonis, Tucker, and Paul (2012), more profitable firms need less external credit to finance their operations. The same reasoning applies for solvent and liquid firms (although liquidity is not significant and solvency is only significant for the level of trade payables): firms with lower financial risk will require less trade credit than their more risky counterparts.…”

Section: Article In Presssupporting

confidence: 58%

Does media reputation affect properties of accounts payable?

Bogaerd

Aerts

2015

European Management Journal

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Section: Article In Presssupporting

confidence: 58%

Does media reputation affect properties of accounts payable?

Bogaerd

Aerts

2015

European Management Journal

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“…According to IMF (2010, p. 88), credit rating had been defined as "a measure of the relative risk that an entity or transaction will fail to meet its financial commitments, such as interest payments and repayment of principal, on a timely basis"". Likewise, Gonis et al (2012) stated that credit rating provides an independent appraisal of an entity capacity to service its debts obligation in a timely manner. These definitions suggest that credit rating assesses the probability of default of an entity and also indicate the importance of time in the credit rating process.…”

Section: What Is Credit Rating?mentioning

confidence: 99%

Determinants of Sovereign Credit Ratings in Emerging Markets

Osobajo¹,

Akintunde²

2019

IBR

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This study critically investigates the determinants of sovereign credit ratings in emerging markets, during 2001 to 2015. This was conducted in 20 emerging markets, using S&P and Moody ratings. Linear framework econometric approach with the use of pooled Ordinary Least Square regression method was adopted in the study. The explanatory power of the estimated models has a good performance across both rating agencies. The study reveals the importance of five macroeconomic variables in determining the sovereign credit rating of emerging markets. These variables are: gross domestic product per capital, inflation, government debt, reserves, and external debt. Also, world governance indicators, a proxy for qualitative/political variables, were found to be an essential determinant of rating.

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