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Are credit rating agencies regionally biased?

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dc.contributor.author Yalta, Abdullah Talha
dc.contributor.author Yalta, A. Yasemin
dc.date.accessioned 2019-03-27T11:38:06Z
dc.date.available 2019-03-27T11:38:06Z
dc.date.issued 2018-12-01
dc.identifier.citation Yalta, A. T., & Yalta, A. Y. (2018). Are credit rating agencies regionally biased?. Economic Systems, 42(4), 682-694. en_US
dc.identifier.issn 0939-3625
dc.identifier.uri https://doi.org/10.1016/j.ecosys.2018.08.001
dc.identifier.uri http://hdl.handle.net/20.500.11851/860
dc.description.abstract We investigate claims of regional bias in the sovereign credit ratings given by the rating agencies Fitch, Moody's and Standard & Poor's by considering a wide range of macroeconomic, financial, institutional, regional and geopolitical indicators for 99 countries categorized into eight regions plus the United States. Empirical results based on seemingly unrelated regressions indicate a strong home country bias towards the United States, while there seem to be no special biases against individual groups of countries. We also demonstrate how modeling errors such as omitted variables can increase dispersion in the estimated regional effects, causing agencies to appear biased. en_US
dc.description.sponsorship Economic Research Forum en_US
dc.language.iso eng en_US
dc.publisher Elsevier B. V. en_US
dc.relation.isversionof 10.1016/j.ecosys.2018.08.001
dc.rights info:eu-repo/semantics/closedAccess en_US
dc.subject Sovereign ratings en_US
dc.subject Credit rating agencies en_US
dc.subject Seemingly unrelated regressions en_US
dc.subject Credit risk en_US
dc.title Are credit rating agencies regionally biased? en_US
dc.type article
dc.relation.journal Economic Systems en_US
dc.contributor.department TOBB ETÜ, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümü tr_TR
dc.contributor.department TOBB ETU, Faculty of Economics and Administrative Sciences, Department of Economics en_US
dc.identifier.volume 42
dc.identifier.issue 4
dc.identifier.startpage 682
dc.identifier.endpage 694
dc.contributor.orcid https://orcid.org/0000-0003-2660-1480
dc.identifier.wos WOS:000454383000011
dc.identifier.scopus 2-s2.0-85056238921
dc.contributor.tobbetuauthor Yalta, Abdullah Talha
dc.identifier.doi 10.1016/j.ecosys.2018.08.001
dc.relation.publicationcategory Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı tr_TR


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