International rating agencies and corporate impact: a case study in Iberian companies

dc.contributor.authorCarvalho, Sónia de
dc.contributor.authorSoares, Vasco Salazar
dc.contributor.authorMendes-Ribeiro, Mafalda
dc.date.accessioned2020-09-10T10:34:15Z
dc.date.available2020-09-10T10:34:15Z
dc.date.issued2020-02
dc.description.abstractThis study intended to analyse the impact of Rating Notation, from four of the major International Credit Rating Agencies, in Iberian private companies. Primary data was collected via SABI Database, with financial relevant data of Iberian private companies, in a time frame from 2003 to 2015. Results were determined by an empirical analysis, through a new econometric model, starting with correlations between leverage and variables Return on Assets, Return on Equity, Dimension, Tangibility, Sales Variation, Political Risk and Critical Political Risk. Critical Political Risk is a dummy variable on notations of the Credit Rating Agencies. Considering the impact of these international notations, we address the issue of how this notation impacts domestic Political Risk and affect companies’ capital structure. Support evidence was found for our hypothesis: as Political Risk increases, Leverage tends to decrease. Further studies interest lays in research how CPR affects each company, measuring that risk by company, and analysing in detail the impact of Rating Notation in the decision of financing in private companies from Iberian Market.pt_PT
dc.identifier.citationSoares, S., Carvalho, S., & Mendes-Ribeiro, M. (2020). International rating agencies and corporate impact: a case study in Iberian companies. Journal of Economics and International Business Management, 8(1), 15-20. doi: 10.33495/jeibm_v8i1.19.125. Disponível no Repositório UPT, http://hdl.handle.net/11328/3189pt_PT
dc.identifier.doi10.33495/jeibm_v8i1.19.125pt_PT
dc.identifier.issn2384-7328
dc.identifier.urihttp://hdl.handle.net/11328/3189
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.publisherScienceweb Publishingpt_PT
dc.relation.publisherversionhttp://sciencewebpublishing.net/jeibm/pt_PT
dc.rightsopen accesspt_PT
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/pt_PT
dc.subjectInternational credit rating agenciespt_PT
dc.subjectFinancial crisispt_PT
dc.subjectCorporate structurept_PT
dc.subjectLeveragept_PT
dc.titleInternational rating agencies and corporate impact: a case study in Iberian companiespt_PT
dc.typejournal articlept_PT
degois.publication.firstPage15pt_PT
degois.publication.issue1pt_PT
degois.publication.lastPage20pt_PT
degois.publication.titleJournal of Economics and international business Managementpt_PT
degois.publication.volume8pt_PT
dspace.entity.typePublicationen
person.affiliation.nameIJP - Instituto Jurídico Portucalense
person.affiliation.nameREMIT – Research on Economics, Management and Information Technologies
person.affiliation.nameREMIT – Research on Economics, Management and Information Technologies
person.familyNameCarvalho
person.familyNameSoares
person.familyNameMendes-Ribeiro
person.givenNameSónia de
person.givenNameVasco Salazar
person.givenNameMafalda
person.identifier.ciencia-id5917-2E65-B427
person.identifier.ciencia-id821D-14A1-4B4E
person.identifier.orcid0000-0003-2069-820X
person.identifier.orcid0000-0001-7194-2140
person.identifier.orcid0000-0002-5687-2727
person.identifier.ridH-1423-2016
person.identifier.ridP-6826-2017
relation.isAuthorOfPublication87902608-a870-427e-ba4e-cf5d2ef10eb3
relation.isAuthorOfPublicatione782c058-5781-486a-8560-d4b447e25e50
relation.isAuthorOfPublicationd0359c37-3b3f-4936-a81c-3a0b88e11cd8
relation.isAuthorOfPublication.latestForDiscovery87902608-a870-427e-ba4e-cf5d2ef10eb3

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