Ratings shopping and asset complexity: A theory of ratings inflation
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- Vasiliki Skreta & Laura Veldkamp, 2009. "Ratings Shopping and Asset Complexity: A Theory of Ratings Inflation," NBER Working Papers 14761, National Bureau of Economic Research, Inc.
- Vasiliki Skreta & Laura Veldkamp, 2008. "Ratings Shopping and Asset Complexity: A Theory of Ratings Inflation," Working Papers 08-28, New York University, Leonard N. Stern School of Business, Department of Economics.
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More about this item
Keywords
Rating agencies Information acquisition Disclosure;JEL classification:
- D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
- D53 - Microeconomics - - General Equilibrium and Disequilibrium - - - Financial Markets
- D8 - Microeconomics - - Information, Knowledge, and Uncertainty
- G01 - Financial Economics - - General - - - Financial Crises
- G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
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