INDUSTRY CLASSIFICATION, ORDINAL DATA, AND BOND‐RATING DECISION MODELS
作者:
Larry G. Perry,
Timothy P. Cronan,
Glenn V. Henderson,
期刊:
Decision Sciences
(WILEY Available online 1985)
卷期:
Volume 16,
issue 1
页码: 14-24
ISSN:0011-7315
年代: 1985
DOI:10.1111/j.1540-5915.1985.tb01472.x
出版商: Blackwell Publishing Ltd
关键词: Corporate Finance;Statistical Techniques
数据来源: WILEY
摘要:
ABSTRACTThis paper studies the use of multiple discriminant analysis on industry‐classified, ranktransformed data to predict corporate bond ratings used in bond‐rating decision models. In addition to statistical advantages, agency descriptions of the rating process suggest such procedures are appropriate. The results of this study support that conclus
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