The effect of industry and corporate characteristics on bond rating
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F15%3A86093610" target="_blank" >RIV/61989100:27510/15:86093610 - isvavai.cz</a>
Result on the web
<a href="http://cesmaa.eu/journals/jaes/files/JAES_spring%202(32).pdf" target="_blank" >http://cesmaa.eu/journals/jaes/files/JAES_spring%202(32).pdf</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
The effect of industry and corporate characteristics on bond rating
Original language description
The objective of the paper is to analyse the effect of selected quantitative and qualitative variables on corporate bond rating. The primary focus is paid to the application of ordinal logistic regression and estimation of three models that are derived on the basis of macroeconomic, industry and financial variables. The overall results suggest that there are sectors with a higher probability of better rating assessment. Based on the analysis, we can conclude that although there is a significant association between industry sector and bond rating, the most significant predictors of rating are financial indicators of size and profitability of firms. The results of the analysis should be taken into account when the primary interest is to assess unrated companies or to evaluate the impact of financial performance on current rating.
Czech name
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Czech description
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Classification
Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AE - Management, administration and clerical work
OECD FORD branch
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Result continuities
Project
<a href="/en/project/EE2.3.20.0296" target="_blank" >EE2.3.20.0296: Research team for modelling of economic and financial processes at VSB-TU Ostrava</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)<br>S - Specificky vyzkum na vysokych skolach
Others
Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Journal of Applied Economic Sciences
ISSN
1843-6110
e-ISSN
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Volume of the periodical
10
Issue of the periodical within the volume
2
Country of publishing house
RO - ROMANIA
Number of pages
11
Pages from-to
223-233
UT code for WoS article
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EID of the result in the Scopus database
2-s2.0-84929338524