Browsing GSBA: Dissertations by Subject "Credit Rating Agency"
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Investigation of credit rating agency payment scheme to improve profit abilityand rating quality (National Institute of Development, 2017);
This dissertation aims to examine the impact of incentive compensation mechanism on encouraging credit rating agencies (CRAs) to exert effort in the rating evaluation process and report ratings truthfully. Two analytical studies: one focusing on the CRA’s effort and rating decisions, and the other focusing on the investor’s information acquisition decision and the resulting CRA’s behavior, are conducted.