Table of Contents
Risks, Volume 6, Issue 4 (December 2018)
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Cover Story (view full-size image) The informal constraints that arise from the national culture in which a firm resides have a [...] Read more. The informal constraints that arise from the national culture in which a firm resides have a pervasive impact on managerial decision making and corporate credit risk, which in turn affects corporate ratings and rating changes. This study presents robust empirical evidence that national culture provides a better explanation of corporate rating migrations. View this paper.