Are unsolicited credit ratings lower? International evidence from bank ratings

Article Abstract:

A study examining whether the ratings being given by credit rating agencies to firms that are not seeking such ratings are lower than the actual ratings, is presented. These firms claim that the credit rating agencies do not have adequate information for rating, which is the reason they have been rated lower. The study confirms such claim. For the purpose of the study, ratings of 1,060 banks across the world were examined.

Commercial Banks, Financial management, Science & research, Banking industry, Credit ratings, Company financing

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A note on the time series behaviour of earnings per share data of Taiwanese firms

Article Abstract:

Analysis of the way earnings per share of 48 Taiwanese firms behave over the periods 1970-1972 and 1985 according to time series process shows that the random walk with drift model best describes the behavioral pattern. This observation corresponds with those for economies of the West despite the differences between the two in terms of economic environments and government policy on business.

Taiwan, Usage, Economic aspects, Corporations, Random walks (Mathematics), Random walk theory, Earnings per share, Time-series analysis, Time series analysis, Corporations, Taiwanese

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An empirical analysis of the bias and rationality of profit forecasts published in new issue prospectuses

Article Abstract:

Empirical research shows that IPOs in Hong Kong can make profit forecasts as accurately as in more developed economies. Forecasts are more accurate than time-series models, although they underestimate actual profits.

Models, Analysis, Profit, Profits, Statistics, Statistics (Data)

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