DEA Governance Efficiency Frontier and Credit Rating

Sameh Ouni

International Journal of Empirical Finance, 2014, vol. 2, issue 3, 106-114

Abstract: The purpose of our study is to test whether corporate governance efficiency may influence the credit rating of the firm. Using Data envelopment analysis (DEA), we construct a score of corporate governance efficiency. We are based on a sample of 571 American firms rated by Standard and Poor’s over the period 1995-2007. Our results show that high corporate governance efficiency improves credit rating. Hence, we find that corporate governance efficiency is a criterion in the credit rating process.

Keywords: Credit Rating; Corporate Governance Efficiency; Data Envelopment analysis (DEA). (search for similar items in EconPapers)
Date: 2014
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