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DID FOREIGN OWNERSHIP OF KOREAN CREDIT RATING AGENCIES IMPROVE THEIR RATINGS?
- Authors
- 조용민
- Issue Date
- 1월-2017
- Publisher
- WILEY
- Citation
- CONTEMPORARY ECONOMIC POLICY, v.35, no.1, pp.193 - 200
- Indexed
- SSCI
SCOPUS
- Journal Title
- CONTEMPORARY ECONOMIC POLICY
- Volume
- 35
- Number
- 1
- Start Page
- 193
- End Page
- 200
- ISSN
- 1074-3529
- Abstract
- In this study, we investigate whether foreign equity participation fostered the growth of Korea's credit rating industry during the 2002-2013 period. We find that the rating quality deteriorated steadily even though the foreign ownership of Korea's credit rating agencies increased: Rating levels went up. Our analysis indicates that the Korean government's policy of gradually relaxing the restrictions on foreign ownership of local credit rating agencies was ineffectual.
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Collections - College of Global Business > Division of Convergence Business > 1. Journal Articles
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