Information Economics of Asian Bond Markets: A Comparative Analysis of Credit Agencies

REFERENCES

• Blume , M. E. , Lim , F. and Mackinlay , A. C. 1998 . The Declining Credit Quality of U. S. Corporate Dept: Myth or Reality . Journal of Finance , 53 : 1389 – 1389 .
   Web of Science ®Google Scholar
• Cantor , R. and Packer , F. 1997 . Differences of Opinion and Selection Bias in the Credit Rating Industry . Journal of Banking and Finance , 21 : 1395 – 1395 .
   Web of Science ®Google Scholar
• Cheung , S. 1996 . “ Provincial Credit Ratings in Canada: An Ordered Probit Analysis ” . In Working Paper, Bank of Canada.
   Google Scholar
• Crouhy , M. , Galai , D. and Mark , R. 2000 . A Comparative Analysis of Current Credit Risk Models . Journal of Banking and Finance , 24 ( 1–2 ) : 59 – 59 .
   Web of Science ®Google Scholar
• Ederington , L. H. 1985 . Classification Models and Bond Ratings . The Financial Review , 20 : 237 – 237 .
   Google Scholar
• Heckman , J. J. 1979 . Sample Selection Bias as a Specification Error . Econometrica , 47 : 153 – 153 .
   Web of Science ®Google Scholar
• Kaplan , R. S. and Urwitz , G. 1979 . Statistical Models of Bond Ratings: A Methodological Inquiry . The Journal of Business , 52 : 231 – 231 .
   Web of Science ®Google Scholar
• Konan , C. and Narasimhan , J. 2004 . Market-Based Evaluation for Models to Predict Bond Ratings . Review of Pacific Basin Financial Markets and Policies , 7 ( 2 ) : 153 – 153 .
   Google Scholar
• Yasukawa , T. 2001 . A Comparative Analysis of Corporate Bond Ratings using Sample Selection Model . Finance Today (Gendai Finance in Japanese) , : 63 – 83 .
   Google Scholar