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Cited by 331

The DOI matches its Crossref record; 21 of the 21 references it cites were found in a registry or an index.

Tiebreaker: Certification and Multiple Credit Ratings

Open access
BONGAERTS, DION, CREMERS, K. J. MARTIJN, GOETZMANN, WILLIAM N.·2012·The Journal of Finance
DOI 10.1111/j.1540-6261.2011.01709.x
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Abstract

This paper explores the economic role credit rating agencies play in the corporate bond market. We consider three existing theories about multiple ratings: information production, rating shopping, and regulatory certification. Using differences in rating composition, default prediction, and credit spread changes, our evidence only supports regulatory certification. Marginal, additional credit ratings are more likely to occur because of, and seem to matter primarily for, regulatory purposes. They do not seem to provide significant additional information related to credit quality.

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Registry

Crossref · 10.1111/j.1540-6261.2011.01709.x

Cites

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Citations

Cites

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Metadata

Authors
BONGAERTS, D., CREMERS, K. J. M., & GOETZMANN, W. N.
Venue
The Journal of Finance
Publisher
Wiley
Published
2012-01-17
Volume
67
Issue
1
Pages
113-152
ISSN
  • 0022-1082 (ISSN-L)
  • 1540-6261
DOI
10.1111/j.1540-6261.2011.01709.x
OpenAlex
W3023826833
Cited by
331
References
21
FWCI
44.04
Type
journal article
Language
en
Open access
bronze

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CoChat. (2026). Citation check: Tiebreaker: Certification and Multiple Credit Ratings. https://app.cochat.ai/papers/10.1111/j.1540-6261.2011.01709.x
The paper
BONGAERTS, D., CREMERS, K. J. M., & GOETZMANN, W. N. (2012). Tiebreaker: Certification and Multiple Credit Ratings. The Journal of Finance. https://doi.org/10.1111/j.1540-6261.2011.01709.x

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.