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The Governance Effects of Credit Rating Changes: A Study of the European Banking Market
Linnaeus University, School of Business and Economics, Department of Economics and Statistics.
2013 (English)Independent thesis Advanced level (degree of Master (One Year)), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

The results from this research provide numerous evidence that credit rating changes have consistent governance effects on the European banking market. In the event of a credit rating downgrade, banks on the European banking market decrease in size and set aside more capital as reserves for non performing loans. In the event of a credit rating upgrade, banks increase in size and re-allocate assets, providing evidence that these banks have a more optimistic view of their financial conditions. The findings in this thesis are in line with previous research on the U.S. banking market, however, banks on the European banking market seems to have, on average, a more conservative attitude towards risk-taking in the event of a credit rating change.

Place, publisher, year, edition, pages
2013. , 81 p.
National Category
Economics
Identifiers
URN: urn:nbn:se:lnu:diva-30011OAI: oai:DiVA.org:lnu-30011DiVA: diva2:660067
Educational program
Business Administration and Economics Programme, 240 credits
Supervisors
Examiners
Available from: 2013-11-01 Created: 2013-10-28 Last updated: 2013-11-01Bibliographically approved

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The Governance Effects of Credit Ratings(1002 kB)232 downloads
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CiteExportLink to record
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Citation style
  • apa
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Language
  • de-DE
  • en-GB
  • en-US
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  • nn-NO
  • nn-NB
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  • Other locale
More languages
Output format
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