Dr George Kladakis G.Kladakis@napier.ac.uk
Lecturer
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, https://doi.org/10.1016/j.intfin.2020.101256
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 |
DOI | https://doi.org/10.1016/j.intfin.2020.101256 |
Keywords | Banks, Opacity, Split ratings, Asset quality |
Public URL | http://researchrepository.napier.ac.uk/Output/2817699 |
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