Publication Type:Academic Journal

Source(s):Journal of Financial & Quantitative Analysis. Jun2022, Vol. 57 Issue 4, p1591-1620. 30p.

Abstract:Exploiting exogenous variations in corporate ratings due to sovereign credit downgrades and sovereign ceiling policies, we assess how firms respond to a reduction in credit ratings. We find that firms bounded by the sovereign ceiling significantly incr...

Publication Type:Academic Journal

Source(s):Acta Universitatis Danubius: Oeconomica. 2022, Vol. 18 Issue 3, p213-233. 21p.

Abstract:This study assessed the impact of public debt on development of Nigeria. It specifically investigated the relationship between human development index, per capital income, growth rate and public debt in Nigeria from 2003 to 2020. This study adopted qua...

Publication Type:Academic Journal

Source(s):Journal of International Commerce, Economics & Policy. Jun2022, Vol. 13 Issue 2, p1-22. 22p.

Abstract:This paper analyzes the dependence pattern of net debts inflows on the sovereign debts rating and the fiscal balance, on accounting for the productivity growth rate. The cross-section evidence on a sample of 149 economies for the period from 1990 to 20...

Publication Type:Academic Journal

Source(s):Applied Economics Letters. Jun2022, Vol. 29 Issue 11, p966-973. 8p. 7 Charts.

Abstract:We examine the relationship between sovereign credit ratings and international equity and bond inflows pre- and post-Great Recession using 1996–2016 annual data for 53 countries. The ratings are statistically significant for both equity and debt inflow...

Publication Type:Academic Journal

Source(s):Review of Financial Studies; Apr2022, Vol. 35 Issue 4, p2019-2066, 48p

Abstract:Copyright of Review of Financial Studies is the property of Oxford University Press / USA and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users m...

Publication Type:Academic Journal

Source(s):Journal of Management & Economics. 2022, Vol. 29 Issue 1, p159-183. 25p.

Abstract:Kamu borçlarında meydana gelen artışlar, büyüme, bütçe açığı, enflasyon gibi pek çok ekonomik değişken üzerinde olumsuz etkilere yol açabilmektedir. Özellikle ortaya çıkan belirsizliklerle birlikte borçlanmanın ortaya çıkaracağı artan maliyet, faiz ora...

Publication Type:Academic Journal

Source(s):Intelligent Systems in Accounting, Finance & Management. Apr2022, Vol. 29 Issue 2, p118-129. 12p.

Abstract:Summary: In this study, we address the topic of credit risk stemming from central governments from a technical point of view. First, we explore various econometric and machine learning techniques to build an enhanced sovereign rating system that effect...

Publication Type:Academic Journal

Source(s):Journal of Economic Behavior & Organization. May2022, Vol. 197, p21-49. 29p.

Abstract:We study the impact of sovereign solvency on the private-public savings offset. Using data on 80 economies for 1989–2018, we find robust evidence for a U-shaped pattern in the private-public savings offset in sovereign credit ratings. While the 1:1 sav...

Publication Type:Academic Journal

Source(s):International Finance. Apr2022, Vol. 25 Issue 1, p2-22. 21p.

Abstract:Governments are responsible for economic policy implementation, and their actions affect financial and capital market outcomes. Specifically, the way fiscal policy is conducted matters when credit agencies have to decide on how to rate a sovereign. Thi...

Publication Type:Academic Journal

Source(s):Scottish Journal of Political Economy. May2022, Vol. 69 Issue 2, p186-224. 39p. 14 Charts, 2 Graphs.

Abstract:Two contradictory strands of the rating literature criticize that rating agencies merely follow the market on the one hand, and emphasizing that rating changes affect capital movements on the other hand. Both focus on explaining rating levels rather th...