Banks’ Credit Ratings – the Impact of the Investor Type

Patrycja Chodnicka-Jaworska (pchodnicka@wz.uw.edu.pl)
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Patrycja Chodnicka-Jaworska: Department of Banking and Money Markets, Faculty of Management, University of Warsaw

No 12018, Faculty of Management Working Paper Series from University of Warsaw, Faculty of Management

Abstract: The aim of the paper is an analysis of the determinants of banks’ credit ratings by taking into account the support from the government. A literature review has been prepared and the ensuing hypothesis seems as follows: Banks with the government capital receive higher credit ratings than institutions with private capital if financial factors are taken into account. The mentioned hypothesis has been verified with ordinary logit panel data models. Long-term issuer credit ratings proposed by three biggest credit rating agencies for banks from Europe have been used as dependent variables. The sample has been divided into subsamples according to the investor type, the bank size and the moment of a financial crisis.

Keywords: credit rating; logit models; private banks; public banks (search for similar items in EconPapers)
JEL-codes: C23 G21 G24 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2018-11
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Persistent link: https://EconPapers.repec.org/RePEc:sgm:fmuwwp:12018

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