Holdings: The increasing importance of credit ratings for corporate strategy

The increasing importance of credit ratings for corporate strategy:

Saved in:

Bibliographic Details
Main Author:	Burkhardt, Martin (Author)
Format:	Thesis Book
Language:	English
Published:	Berlin 2017
Subjects:	Strategisches Management Rating Bonität Hochschulschrift
Online Access:	Abstract Inhaltsverzeichnis Inhaltsverzeichnis
Physical Description:	204 Blatt Diagramme

Staff View

MARC


LEADER	00000nam a2200000 c 4500
001	BV044431700
003	DE-604
005	20171108
007	t\|
008	170731s2017 xx \|\|\|\| m\|\|\| 00\|\|\| eng d
035			\|a (OCoLC)1019808263
035			\|a (DE-599)BVBBV044431700
040			\|a DE-604 \|b ger \|e rda
041	0		\|a eng
049			\|a DE-83 \|a DE-634
100	1		\|a Burkhardt, Martin \|e Verfasser \|0 (DE-588)1137500123 \|4 aut
245	1	0	\|a The increasing importance of credit ratings for corporate strategy \|c vorgelegt von Diplom-Kaufman Martin Burkhardt, geb. in Oranienburg
264		1	\|a Berlin \|c 2017
300			\|a 204 Blatt \|b Diagramme
336			\|b txt \|2 rdacontent
337			\|b n \|2 rdamedia
338			\|b nc \|2 rdacarrier
502			\|b Dissertation \|c Technische Universität Berlin \|d 2017
650	0	7	\|a Strategisches Management \|0 (DE-588)4124261-0 \|2 gnd \|9 rswk-swf
650	0	7	\|a Rating \|0 (DE-588)4255219-9 \|2 gnd \|9 rswk-swf
650	0	7	\|a Bonität \|0 (DE-588)4146274-9 \|2 gnd \|9 rswk-swf
655		7	\|0 (DE-588)4113937-9 \|a Hochschulschrift \|2 gnd-content
689	0	0	\|a Bonität \|0 (DE-588)4146274-9 \|D s
689	0	1	\|a Rating \|0 (DE-588)4255219-9 \|D s
689	0	2	\|a Strategisches Management \|0 (DE-588)4124261-0 \|D s
689	0		\|5 DE-604
856	4		\|u http://services.ub.tu-berlin.de/abstracts/diss/burkhardt_martin_abstract.pdf \|3 Abstract
856	4		\|u http://services.ub.tu-berlin.de/abstracts/diss/burkhardt_martin_inhalt.pdf \|3 Inhaltsverzeichnis
856	4	2	\|m DNB Datenaustausch \|q application/pdf \|u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=029833070&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA \|3 Inhaltsverzeichnis
943	1		\|a oai:aleph.bib-bvb.de:BVB01-029833070

Record in the Search Index

_version_	1823788702813388800
adam_text	TABLE OF CONTENTS TABLE OF CONTENTS.I TABLE OF FIGURES.ILL TABLE OF TABLES. IV LIST OF ABBREVIATIONS.V 1. INTRODUCTION.1 2. THE INCREASING IMPORTANCE OF CREDIT RATING AGENCIES AND REGULATORY CONSEQUENCES FOLLOWING THE FINANCIAL CRISIS 2007-2008.6 2.1. THE HISTORY OF CREDIT RATING AGENCIES . 8 2.2. THE CREDIT RATING PROCESS AND RECENT CRITICISMS . 12 2.3. THE INCREASING IMPORTANCE OF RATING AGENCIES FOR REGULATION, ISSUERS AND INVESTORS UP TO THE FINANCIAL CRISIS 2007-2008 . 19 2.4. MAJOR REGULATORY CONSEQUENCES FOR RATING AGENCIES AFTER THE FINANCIAL CRISIS 2007-2008.25 2.4.1. BACKGROUND ON THE FINANCIAL CRISIS IN 2007-2008 . 25 2.4.2. THE ROLE OF CREDIT RATINGS AGENCIES DURING THE CRISIS . 26 2.4.3. REGULATORY CONSEQUENCES OF THE CRISIS FOR THE RATING INDUSTRY . 32 2.4.4. DISCUSSION OF REGULATORY CONSEQUENCES AND IMPLICATIONS FOR ISSUERS, INVESTORS, AND RATING AGENCIES.40 2.5. SUMMARY AND CONCLUSION.49 3. THE LINK BETWEEN CREDIT RATINGS AND CORPORATE STRATEGY . 53 3.1. THEORY DEVELOPMENT . 56 3.1.1. INFLUENCE OF CREDIT RATINGS ON CORPORATE STRATEGY . 57 3.1.2. IMPACT OF CORPORATE STRATEGY ON THE CREDIT RATING . 65 3.1.3. INTERDEPENDENCIES BETWEEN CREDIT RATINGS AND CORPORATE STRATEGY . 67 3.2. METHODOLOGY. 70 3.2.1. SAMPLE. 70 3.2.2. DEPENDENT AND INDEPENDENT VARIABLES . 71 3.2.2.1. DIVERSIFICATION LEVEL.71 3.2.2 2. CREDIT RATING. 74 3.2.3. CONTROL VARIABLES.75 3.2.4. ANALYSIS. 78 3.3. RESULTS.81 3.3.1. RELATIONSHIP BETWEEN CREDIT RATING AND RELATED DIVERSIFICATION . 81 3.3.2. RELATIONSHIP BETWEEN CREDIT RATING AND UNRELATED DIVERSIFICATION . 85 3.3.3. ROBUSTNESS CHECKS . 88 3.4. DISCUSSION AND CONCLUSION . 90 4. IS THE OPTIMAL DIVERSIFICATION LEVEL RELEVANT FOR THE CREDIT RATING DETERMINATION?. 101 4.1. WHAT IS THE OPTIMAL DIVERSIFICATION LEVEL? . 103 4.1.1. BENEFITS OF DIVERSIFICATION . 104 4.1.2. COSTS OF DIVERSIFICATION . 110 4.1.3. OPTIMAL LEVEL OF DIVERSIFICATION.113 4.1.4. HYPOTHESES SUMMARY.118 4.2. METHODOLOGY . 121 4.2.1. SAMPLE. 121 4.2.2. DEPENDENT AND INDEPENDENT VARIABLES . 122 4.2.2.1. CREDIT RATING. 122 4.2.2.2. DIVERSIFICATION LEVEL.122 4.2.3. CONTROL VARIABLES.123 4.2.4. ANALYSIS. 124 4.3. RESULTS.127 4.3.1. CREDIT RATING AND OPTIMAL RELATED DIVERSIFICATION . 128 4.3.2. CREDIT RATING AND OPTIMAL UNRELATED DIVERSIFICATION.132 4.3.3. ROBUSTNESS CHECKS.135 4.4. DISCUSSION AND CONCLUSION . 137 5. SUMMARY AND CONCLUSION ON THE RELEVANCE OF CREDIT RATINGS FOR CORPORATE STRATEGY. 146 REFERENCES. 164 APPENDIX. 196 1. LIST OF ALL CRAS REGISTERED/ CERTIFIED BY THE ESMA AS OF 21 MAY 2014 . 196 2. CONVERSION OF ORDINAL RATING SCALES TO NUMERICAL VALUES . 197 3. DESCRIPTIVE STATISTICS AND BIVARIATE CORRELATIONS FOR DIFFERENCE REGRESSIONS. 198 4. VARIANCE INFLATION FACTOR ANALYSIS.199 5. DERIVATION OF THE OPTIMAL DIVERSIFICATION LEVEL.200 6. VARIANCE INFLATION FACTORS.204
any_adam_object	1
author	Burkhardt, Martin
author_GND	(DE-588)1137500123
author_facet	Burkhardt, Martin
author_role	aut
author_sort	Burkhardt, Martin
author_variant	m b mb
building	Verbundindex
bvnumber	BV044431700
ctrlnum	(OCoLC)1019808263 (DE-599)BVBBV044431700
format	Thesis Book
fullrecord	<?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>00000nam a2200000 c 4500</leader><controlfield tag="001">BV044431700</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20171108</controlfield><controlfield tag="007">t\|</controlfield><controlfield tag="008">170731s2017 xx \|\|\|\| m\|\|\| 00\|\|\| eng d</controlfield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1019808263</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV044431700</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-83</subfield><subfield code="a">DE-634</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Burkhardt, Martin</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)1137500123</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">The increasing importance of credit ratings for corporate strategy</subfield><subfield code="c">vorgelegt von Diplom-Kaufman Martin Burkhardt, geb. in Oranienburg</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Berlin</subfield><subfield code="c">2017</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">204 Blatt</subfield><subfield code="b">Diagramme</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="502" ind1=" " ind2=" "><subfield code="b">Dissertation</subfield><subfield code="c">Technische Universität Berlin</subfield><subfield code="d">2017</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Strategisches Management</subfield><subfield code="0">(DE-588)4124261-0</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Rating</subfield><subfield code="0">(DE-588)4255219-9</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Bonität</subfield><subfield code="0">(DE-588)4146274-9</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="655" ind1=" " ind2="7"><subfield code="0">(DE-588)4113937-9</subfield><subfield code="a">Hochschulschrift</subfield><subfield code="2">gnd-content</subfield></datafield><datafield tag="689" ind1="0" ind2="0"><subfield code="a">Bonität</subfield><subfield code="0">(DE-588)4146274-9</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="1"><subfield code="a">Rating</subfield><subfield code="0">(DE-588)4255219-9</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="2"><subfield code="a">Strategisches Management</subfield><subfield code="0">(DE-588)4124261-0</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2=" "><subfield code="5">DE-604</subfield></datafield><datafield tag="856" ind1="4" ind2=" "><subfield code="u">http://services.ub.tu-berlin.de/abstracts/diss/burkhardt_martin_abstract.pdf</subfield><subfield code="3">Abstract</subfield></datafield><datafield tag="856" ind1="4" ind2=" "><subfield code="u">http://services.ub.tu-berlin.de/abstracts/diss/burkhardt_martin_inhalt.pdf</subfield><subfield code="3">Inhaltsverzeichnis</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="m">DNB Datenaustausch</subfield><subfield code="q">application/pdf</subfield><subfield code="u">http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=029833070&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA</subfield><subfield code="3">Inhaltsverzeichnis</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-029833070</subfield></datafield></record></collection>
genre	(DE-588)4113937-9 Hochschulschrift gnd-content
genre_facet	Hochschulschrift
id	DE-604.BV044431700
illustrated	Not Illustrated
indexdate	2025-02-11T19:00:43Z
institution	BVB
language	English
oai_aleph_id	oai:aleph.bib-bvb.de:BVB01-029833070
oclc_num	1019808263
open_access_boolean
owner	DE-83 DE-634
owner_facet	DE-83 DE-634
physical	204 Blatt Diagramme
publishDate	2017
publishDateSearch	2017
publishDateSort	2017
record_format	marc
spelling	Burkhardt, Martin Verfasser (DE-588)1137500123 aut The increasing importance of credit ratings for corporate strategy vorgelegt von Diplom-Kaufman Martin Burkhardt, geb. in Oranienburg Berlin 2017 204 Blatt Diagramme txt rdacontent n rdamedia nc rdacarrier Dissertation Technische Universität Berlin 2017 Strategisches Management (DE-588)4124261-0 gnd rswk-swf Rating (DE-588)4255219-9 gnd rswk-swf Bonität (DE-588)4146274-9 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Bonität (DE-588)4146274-9 s Rating (DE-588)4255219-9 s Strategisches Management (DE-588)4124261-0 s DE-604 http://services.ub.tu-berlin.de/abstracts/diss/burkhardt_martin_abstract.pdf Abstract http://services.ub.tu-berlin.de/abstracts/diss/burkhardt_martin_inhalt.pdf Inhaltsverzeichnis DNB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=029833070&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis
spellingShingle	Burkhardt, Martin The increasing importance of credit ratings for corporate strategy Strategisches Management (DE-588)4124261-0 gnd Rating (DE-588)4255219-9 gnd Bonität (DE-588)4146274-9 gnd
subject_GND	(DE-588)4124261-0 (DE-588)4255219-9 (DE-588)4146274-9 (DE-588)4113937-9
title	The increasing importance of credit ratings for corporate strategy
title_auth	The increasing importance of credit ratings for corporate strategy
title_exact_search	The increasing importance of credit ratings for corporate strategy
title_full	The increasing importance of credit ratings for corporate strategy vorgelegt von Diplom-Kaufman Martin Burkhardt, geb. in Oranienburg
title_fullStr	The increasing importance of credit ratings for corporate strategy vorgelegt von Diplom-Kaufman Martin Burkhardt, geb. in Oranienburg
title_full_unstemmed	The increasing importance of credit ratings for corporate strategy vorgelegt von Diplom-Kaufman Martin Burkhardt, geb. in Oranienburg
title_short	The increasing importance of credit ratings for corporate strategy
title_sort	the increasing importance of credit ratings for corporate strategy
topic	Strategisches Management (DE-588)4124261-0 gnd Rating (DE-588)4255219-9 gnd Bonität (DE-588)4146274-9 gnd
topic_facet	Strategisches Management Rating Bonität Hochschulschrift
url	http://services.ub.tu-berlin.de/abstracts/diss/burkhardt_martin_abstract.pdf http://services.ub.tu-berlin.de/abstracts/diss/burkhardt_martin_inhalt.pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=029833070&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA
work_keys_str_mv	AT burkhardtmartin theincreasingimportanceofcreditratingsforcorporatestrategy

Holdings

There is no print copy available.

Interlibrary loan Place Request Caution: Not in THWS collection! Indexes
Indexes

MARC

Record in the Search Index

There is no print copy available.

Similar Items