Credit ratings and liquidity crises신용등급과 유동성 위기에 대한 이론적 고찰
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.advisor | Oh, Frederick Dongchuhl | - |
| dc.contributor.advisor | 오동철 | - |
| dc.contributor.author | Lee, Kyounghun | - |
| dc.date.accessioned | 2019-08-28T02:39:28Z | - |
| dc.date.available | 2019-08-28T02:39:28Z | - |
| dc.date.issued | 2019 | - |
| dc.identifier.uri | http://library.kaist.ac.kr/search/detail/view.do?bibCtrlNo=844717&flag=dissertation | en_US |
| dc.identifier.uri | http://hdl.handle.net/10203/265643 | - |
| dc.description | 학위논문(석사) - 한국과학기술원 : 경영공학부, 2019.2,[ii, 19 p. :] | - |
| dc.description.abstract | This paper examines the effects of a credit rating agency's (CRA) information dissemination on a liquidity crisis. In our proposed model, the CRA and creditors share public information on a firm's repayment ability. In addition, the CRA and creditors obtain noisy private information about the firm. After receiving its private information, the CRA announces it to creditors with its opinion. We find that the probability of the firm having a liquidity crisis does not always decrease along with the accuracy of the CRA's information. Moreover, if the CRA has reputation concerns, CRA opinions that contain inaccurate information rely more on the market prior. (JEL G01, G24, G33, D82) | - |
| dc.language | eng | - |
| dc.publisher | 한국과학기술원 | - |
| dc.subject | Credit rating agencies▼aliquidity crisis▼aglobal game▼areputation | - |
| dc.subject | 신용평가사▼a유동성 위기▼a글로벌 게임▼a평판 | - |
| dc.title | Credit ratings and liquidity crises | - |
| dc.title.alternative | 신용등급과 유동성 위기에 대한 이론적 고찰 | - |
| dc.type | Thesis(Master) | - |
| dc.identifier.CNRN | 325007 | - |
| dc.description.department | 한국과학기술원 :경영공학부, | - |
| dc.contributor.alternativeauthor | 이경훈 | - |
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