Detail publikačního výsledku

Interconnectivity among Assessments from Rating Agencies: Using Cluster and Correlation Analysis

KREJČÍŘ, J.; DOSTÁL, P.; DOUBRAVSKÝ, K.

Originální název

Interconnectivity among Assessments from Rating Agencies: Using Cluster and Correlation Analysis

Anglický název

Interconnectivity among Assessments from Rating Agencies: Using Cluster and Correlation Analysis

Druh

Článek Scopus

Originální abstrakt

The aim of this paper is to determine whether there is a dependency among leading rating agencies assessments. Rating agencies are important part of global economy. Great attention has been paid to activities of rating agencies since 2007, when there was a financial crisis. One of the main causes of this crisis was identified credit rating agencies. This paper is focused on an existence of mutual interconnectivity among assessments from three leading rating agencies. The method used for this determines is based on cluster analysis and subsequently correlation analysis and the test of independence. Credit rating assessments of Greece and Spain were chosen to the determination of this mutual interconnectivity due to the fact that these countries are most talked euroarea countries. The significant dependence of the assessment from different rating agencies has been demonstrated.

Anglický abstrakt

The aim of this paper is to determine whether there is a dependency among leading rating agencies assessments. Rating agencies are important part of global economy. Great attention has been paid to activities of rating agencies since 2007, when there was a financial crisis. One of the main causes of this crisis was identified credit rating agencies. This paper is focused on an existence of mutual interconnectivity among assessments from three leading rating agencies. The method used for this determines is based on cluster analysis and subsequently correlation analysis and the test of independence. Credit rating assessments of Greece and Spain were chosen to the determination of this mutual interconnectivity due to the fact that these countries are most talked euroarea countries. The significant dependence of the assessment from different rating agencies has been demonstrated.

Klíčová slova

credit rating assessments; credit rating agencies; cluster analysis; correlation coefficient; test independence

Klíčová slova v angličtině

credit rating assessments; credit rating agencies; cluster analysis; correlation coefficient; test independence

Autoři

KREJČÍŘ, J.; DOSTÁL, P.; DOUBRAVSKÝ, K.

Rok RIV

2015

Vydáno

30.09.2014

Nakladatel

Vilnius Gediminas Technical University

Místo

Latvia

ISSN

1648-0627

Periodikum

Business: Theory and Practice

Svazek

15

Číslo

3

Stát

Litevská republika

Strany od

269

Strany do

278

Strany počet

9

URL

https://journals.vgtu.lt/index.php/BTP/article/view/8370

Plný text v Digitální knihovně

http://hdl.handle.net/11012/201720

BibTex

@article{BUT109668,
  author="Jaroslav {Krejčíř} and Petr {Dostál} and Karel {Doubravský}",
  title="Interconnectivity among Assessments from Rating Agencies: Using Cluster and Correlation Analysis",
  journal="Business: Theory and Practice",
  year="2014",
  volume="15",
  number="3",
  pages="269--278",
  doi="10.3846/btp.2014.26",
  issn="1648-0627",
  url="https://journals.vgtu.lt/index.php/BTP/article/view/8370"
}

Dokumenty

8370-Article Text-20628-1-10-20190213