Institutionalizing the Credit Rating Agencies in Iran

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

Shams Abdolhamid; Mohammadi Alamuti Masoud; Esfandiari Soluklu Mahmoud

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: Management and Development Process Year:2023 | Volume:36 | Issue:4 Page(s): 67-104

Download Full-Text

Persian Verion

View:

Download:

Cites:

Information Journal Paper

Title

Institutionalizing the Credit Rating Agencies in Iran

Author(s)

Shams Abdolhamid | Mohammadi Alamuti Masoud | Esfandiari Soluklu Mahmoud | Issue Writer Certificate

Keywords

InstitutionalizationCredit Rating

Information Asymmetry

Conflict of Interests

Qualitative Analysis

Transaction Cost.

Abstract

2Purpose: The purpose of this article was to develop a framework for the institutionalization of credit rating agencies in Iran, considering the institutional components and the socio-economic conditions of the country. Methodology: The research method was qualitative-analytical based on interpretative paradigm and Grounded Theory strategy. A combination of desk research and interviews was used to collect data,besides, judgmental and snowball methods were applied to select the statistical sample. Using open, axial, and selective coding, data were summarized in the categories of causal, contextual, intervening, interactive, strategic, and outcomes, all of which formed the main model of the research. Findings: Based on the research data, the most important components of institutionalization depend, firstly on institution-oriented culture which includes independence and objectivity, professionalism, and close supervision, and secondly, on gaining legitimacy which includes trust-building, expertise, stability, and continuity. Conflict of Interests is one of the most noticeable challenges for institutionalization, the solution of which should be sought in close supervision and self-monitoring approach of rating agencies. Originality: By integrating institutional and organizational theories, a model has been presented for the institutionalization of credit rating agencies, which can affect the efficiency and effectiveness of these agencies as well as capital markets Implications: It is suggested that the supervisory bodies not only set high-level standards in the field of professional conduct and the instances of Conflict of Interests, but also encourage the culture of self-monitoring in credit rating agencies.

Multimedia

No record.

Cites

No record.

References

No record.

Cite

Related Journal Papers

No record.

Related Seminar Papers

No record.

Related Plans