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Multiple credit ratings and liquidity creation

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dc.contributor.authorKladakis, George
dc.contributor.authorChen, Lei
dc.contributor.authorBellos, Sotirios K.
dc.date.accessioned2024-08-15T12:30:11Z
dc.date.available2024-08-15T12:30:11Z
dc.date.issued2022-05-01
dc.identifier305522063
dc.identifierac3b8578-6d4a-485e-bacc-682fb6f4c225
dc.identifier.citationKladakis , G , Chen , L & Bellos , S K 2022 , ' Multiple credit ratings and liquidity creation ' , Finance Research Letters , vol. 46 , no. A , 102313 . https://doi.org/10.1016/j.frl.2021.102313en
dc.identifier.issn1544-6123
dc.identifier.otherORCID: /0000-0003-2502-2401/work/164023926
dc.identifier.urihttps://hdl.handle.net/10023/30403
dc.description.abstractWe examine the relationship between multiple credit rating purchases by banks and liquidity creation using a diverse sample of 486 banks from 71 countries. We show that liquidity creation is negatively associated with the number of ratings purchased by the bank, and that capital can positively moderate this relationship, allowing banks that obtain more ratings to create more liquidity.
dc.format.extent7
dc.format.extent472910
dc.language.isoeng
dc.relation.ispartofFinance Research Lettersen
dc.subjectBanksen
dc.subjectRating agenciesen
dc.subjectMultiple credit ratingsen
dc.subjectLiquidity creationen
dc.subject3rd-NDASen
dc.subjectACen
dc.titleMultiple credit ratings and liquidity creationen
dc.typeJournal articleen
dc.contributor.institutionUniversity of St Andrews. Finance (Business School)en
dc.identifier.doi10.1016/j.frl.2021.102313
dc.description.statusPeer revieweden
dc.date.embargoedUntil2024-04-09


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