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Do Reputational Concerns Lead to Reliable Ratings?

https://doi.org/10.2139/ssrn.1106653
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References needing attention

does not resolve to a known work10.2307/2329135
The 21 checked references that resolve
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Using Privileged Information to Manipulate Markets: Insiders, Gurus, and Credibility
resolves10.1086/261849
A Theory of Fads, Fashion, Custom, and Cultural Change as Informational Cascades
resolves10.1257/jep.12.3.151
Learning from the Behavior of Others: Conformity, Fads, and Informational Cascades
resolves10.1016/j.jfineco.2005.06.004
Conflicts of interest, information provision, and competition in the financial services industry
resolves10.1086/427636
Sunflower Management and Capital Budgeting
resolves10.1093/rfs/hhj009
Credit Ratings as Coordination Mechanisms
resolves10.2307/2555842
When Managers Cover Their Posteriors: Making the Decisions the Market Wants to See
resolves10.3905/jfi.1995.408153
The Credit Rating Industry
resolves10.2307/1913390
Strategic Information Transmission
resolves10.1016/s0014-2921(00)00070-2
Herding and anti-herding: A model of reputational differentiation
resolves10.1111/1468-0300.00016
The Procyclical Role of Rating Agencies: Evidence from the East Asian Crisis
resolves10.1111/0022-1082.00103
Herding among Investment Newsletters: Theory and Evidence
resolves10.1111/1467-937x.00083
Managerial Incentive Problems: A Dynamic Perspective
resolves10.2307/2601032
Security Analysts' Career Concerns and Herding of Earnings Forecasts
resolves10.2307/2556078
Information Revelation and Certification Intermediaries
resolves10.2307/3087449
An Analysis of Stock Recommendations
resolves10.1086/319554
Political Correctness
resolves10.1257/aer.90.3.705
Herd Behavior and Investment: Reply
resolves10.2307/2297732
A Theory of Credibility
resolves10.1093/rfs/7.1.97
Analyst Forecasts and Herding Behavior:
resolves10.1086/261973
Corporate Conservatism and Relative Compensation
The 1 reference without a DOI — listed, not checked
no DOI — not checked? and c are not going to change relative to the monopolistic case. It is also the case that the intensity of misreporting a good private signal is higher with competition, i.e. ? i1 > ? 1 for a given ?, and the intensity of misreporting a bad private signal is lower, i.e. ? i1 < ? 1 . This can be shown by comparing (29) and (25) in the first case, and (30) and (27) in the second: there is extra positive term that makes issuing
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