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dc.contributor.authorSoares, Vasco Salazar-
dc.contributor.authorCarvalho, Sónia de-
dc.contributor.authorMendes-Ribeiro, Mafalda-
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,
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.publisherScienceweb Publishingpt_PT
dc.subjectInternational credit rating agenciespt_PT
dc.subjectFinancial crisispt_PT
dc.subjectCorporate structurept_PT
dc.titleInternational rating agencies and corporate impact: a case study in Iberian companiespt_PT
degois.publication.titleJournal of Economics and international business Managementpt_PT
Appears in Collections:REMIT – Artigos em Revistas Internacionais / Papers in International Journals

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