{"id":8824,"date":"2019-01-14T11:55:26","date_gmt":"2019-01-14T10:54:46","guid":{"rendered":"https:\/\/www.bokshop.lu.se\/?post_type=product&#038;p=8824"},"modified":"2019-01-14T12:48:48","modified_gmt":"2019-01-14T11:48:48","slug":"essays-on-credit-ratings","status":"publish","type":"product","link":"https:\/\/www.bokshop.lu.se\/en\/produkt\/essays-on-credit-ratings\/","title":{"rendered":"Essays on Credit Ratings"},"content":{"rendered":"<p>This book investigates the role, as well as the accuracy of credit ratings, both for companies and countries. In the first article, I find that credit ratings capture financial constraints more effectively relative to other popular proxies. The second paper focuses on a change in the rules of a widely-followed bond index, and finds that there is a significant market response for the bonds affected by this change. This suggests that credit ratings also have a significant role for bond market segmentation. In the third paper, I find that sovereign ratings have become increasingly conservative over time. However, in my final paper, I focus on the method used for estimating rating \u2022\u009dconservatism\u2022\u009d, and , by using a new, two-step model, I find that previous research has overestimated its magnitude.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This book investigates the role, as well as the accuracy of credit ratings, both for companies and countries. In the first article, I find that credit ratings capture financial constraints more effectively relative to other popular proxies. The second paper focuses on a change in the rules of a widely-followed bond index, and finds that [&hellip;]<\/p>\n","protected":false},"featured_media":8826,"template":"","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":""},"product_brand":[],"product_cat":[247],"product_tag":[],"class_list":{"0":"post-8824","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-department-of-business-administration","8":"first","9":"instock","10":"taxable","11":"shipping-taxable","12":"purchasable","13":"product-type-simple"},"acf":[],"_links":{"self":[{"href":"https:\/\/www.bokshop.lu.se\/en\/wp-json\/wp\/v2\/product\/8824","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bokshop.lu.se\/en\/wp-json\/wp\/v2\/product"}],"about":[{"href":"https:\/\/www.bokshop.lu.se\/en\/wp-json\/wp\/v2\/types\/product"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bokshop.lu.se\/en\/wp-json\/wp\/v2\/media\/8826"}],"wp:attachment":[{"href":"https:\/\/www.bokshop.lu.se\/en\/wp-json\/wp\/v2\/media?parent=8824"}],"wp:term":[{"taxonomy":"product_brand","embeddable":true,"href":"https:\/\/www.bokshop.lu.se\/en\/wp-json\/wp\/v2\/product_brand?post=8824"},{"taxonomy":"product_cat","embeddable":true,"href":"https:\/\/www.bokshop.lu.se\/en\/wp-json\/wp\/v2\/product_cat?post=8824"},{"taxonomy":"product_tag","embeddable":true,"href":"https:\/\/www.bokshop.lu.se\/en\/wp-json\/wp\/v2\/product_tag?post=8824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}