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Reputation,Information, and Herding in Credit Ratings: Evidence from CMBS |
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| Authors: | An Xudong Cordell Larry Nichols Joseph B |
| Institution: | 1.Federal Reserve Bank of Philadelphia, Philadelphia, PA, USA ;2.Federal Reserve Board, Washington, DC, USA ; |
| Abstract: | The Journal of Real Estate Finance and Economics - We find strong evidence of herding behavior among credit rating agencies (CRAs) in the CMBS market. CRAs are more likely to change their rating if... |
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| 本文献已被 SpringerLink 等数据库收录！ | |