We compare a credit rating agency's incentives to acquire costly information when it is only
paid for giving favorable ratings to the corresponding incentives when the agency is paid up …

This paper studies how the compensation of a rating agency affects its incentive to collect
information before assigning a rating. A sequence of short-lived firms can hire a long-lived …

This paper investigates an amendment to the European Regulation mandating the
disclosure of the contact between credit rating agencies (CRAs) and entrepreneurs. If it is …