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Influence des agences de notation sur les banques : les apports de la théorie néo-institutionnelle

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  • José Nadège Dongmo

Abstract

Plusieurs travaux ont étudié l'impact du rating sur les entreprises notées, en se basant sur le rôle informationnel des agences de notation. La théorie néo-institutionnelle sociologique apporte un éclairage original et pertinent sur l'influence des agences de notation dans le secteur bancaire. En combinant ce cadre d'analyse à la démarche de notation et aux décisions du cadre règlementaire, cette recherche analyse le processus d'institutionnalisation de la notation dans le secteur bancaire. Elle révèle d'autres aspects de l'influence du rating sur les banques ainsi que les facteurs qui favorisent la persistance de cette influence malgré les critiques existantes au sujet des agences de rating.

Suggested Citation

  • José Nadège Dongmo, 2011. "Influence des agences de notation sur les banques : les apports de la théorie néo-institutionnelle," Cahiers du CEREFIGE 1104, CEREFIGE (Centre Europeen de Recherche en Economie Financiere et Gestion des Entreprises), Universite de Lorraine, revised 2011.
    • Handle: RePEc:fie:wpaper:1104
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    References listed on IDEAS

    as
    1. Holthausen, Robert W. & Leftwich, Richard W., 1986. "The effect of bond rating changes on common stock prices," Journal of Financial Economics, Elsevier, vol. 17(1), pages 57-89, September.
    2. Ilia D. Dichev & Joseph D. Piotroski, 2001. "The Long‐Run Stock Returns Following Bond Ratings Changes," Journal of Finance, American Finance Association, vol. 56(1), pages 173-203, February.
    3. Pinches, George E & Singleton, J Clay, 1978. "The Adjustment of Stock Prices to Bond Rating Changes," Journal of Finance, American Finance Association, vol. 33(1), pages 29-44, March.
    4. Richard Cantor & Kevin Cole & Frank Packer, 1997. "Split ratings and the pricing of credit risk," Research Paper 9711, Federal Reserve Bank of New York.
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