Do rating agencies consider the social capital of the firm in their ratings?

We examine whether the social capital of the area where a firm’s headquarters is located affects that firm’s credit rating. Given that credit rating agencies only infrequently visit a firm’s headquarters, it is pertinent to investigate whether this soft information is considered. In order to test wh...

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Bibliographic Details
Main Authors: C.S. Agnes Cheng, Peng Guo, Cathy Zishang Liu, Jing Zhao, Sha Zhao
Format: Article
Language:English
Published: Emerald Publishing 2024-12-01
Series:China Accounting and Finance Review
Subjects:
Online Access:https://www.emerald.com/insight/content/doi/10.1108/cafr-04-2024-0048/full/html
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