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Bank asset and informational quality

Kladakis, George; Chen, Lei; Bellos, Sotirios K.


Lei Chen

Sotirios K. Bellos


We examine the relationship between bank asset and informational quality. We use a diversified panel of 699 banks from 84 countries and measure opacity (lack of informational quality) with rating disagreements between issuer-specific ratings by the Big 3 credit rating agencies (S&P, Moody’s and Fitch). We find that poor asset quality increases the probability of greater credit rating disagreements, and the assignment of a rating by S&P mitigates this effect on the rating disagreement between Moody’s and Fitch. Considering the recent regulatory requirements on the reduction and transparent reporting of non-performing loans, our findings have important policy implications.


Kladakis, G., Chen, L., & Bellos, S. K. (2020). Bank asset and informational quality. Journal of International Financial Markets, Institutions and Money, 69,

Journal Article Type Article
Acceptance Date Aug 30, 2020
Online Publication Date Sep 23, 2020
Publication Date 2020-11
Deposit Date Nov 2, 2021
Journal Journal of International Financial Markets, Institutions and Money
Print ISSN 1042-4431
Publisher Elsevier
Peer Reviewed Peer Reviewed
Volume 69
Article Number 101256
Keywords Banks, Opacity, Split ratings, Asset quality
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