All Outputs (5)

Rating or no rating? That is the question: An empirical examination of UK companies (2012)
Journal Article
Tucker, J., Gonis, E., & Paul, S. (2012). Rating or no rating? That is the question: An empirical examination of UK companies. European Journal of Finance, 18(8), 709-735. https://doi.org/10.1080/1351847X.2011.649215

The aim of this paper is to examine the main determinants of the rating likelihood of UK companies. We use a binary probit specification to model the main drivers of a firm's propensity to be rated. Using a sample of 245 non-financial UK companies ov... Read More about Rating or no rating? That is the question: An empirical examination of UK companies.

Rating or no rating: That is the question: An empirical examination of UK companies (2012)
Journal Article
Gonis, E., Tucker, J., & Paul, S. (2012). Rating or no rating: That is the question: An empirical examination of UK companies. European Journal of Finance, 18(8), 709-735

The aim of this paper is to examine the main determinants of the rating likelihood of UK companies. We use a binary probit specification to model the main drivers of a firm’s propensity to be rated. Using a sample of 245 non-financial UK companies ov... Read More about Rating or no rating: That is the question: An empirical examination of UK companies.

The rating decision and the determinants of credit ratings: A UK empirical investigation (2012)
Journal Article
Gonis, E., Paul, S., & Wilson, N. The rating decision and the determinants of credit ratings: A UK empirical investigation. Manuscript submitted for publication

This study examines the determinants of the decision of UK non-financial companies to solicit a credit rating drawing upon the information asymmetry, signalling, agency and default literature. The paper extends the current literature on the determina... Read More about The rating decision and the determinants of credit ratings: A UK empirical investigation.

The use of financial information by capital providers (2012)
Working Paper
Tucker, J., Misirlioglu, I., Gonis, E., & Yukselturk, O. The use of financial information by capital providers

In this brief literature review paper, we explore four areas of the theoretical and empirical literature to discuss the use of financial information by capital providers: (i) Who are capital providers to companies, including all forms of debt, equity... Read More about The use of financial information by capital providers.

Changing credit rating standards in the UK: Empirical evidence from 1999 to 2004 (2009)
Journal Article
Gonis, E., & Taylor, P. (2009). Changing credit rating standards in the UK: Empirical evidence from 1999 to 2004. Applied Financial Economics, 19(3), 213-225. https://doi.org/10.1080/09603100802298018

In recent years, the number of downgrades in UK corporate credit ratings has exceeded the number of upgrades, leading some to conclude that the credit quality of UK companies has deteriorated. However, another explanation is that the credit rating ag... Read More about Changing credit rating standards in the UK: Empirical evidence from 1999 to 2004.