Abstract:
This paper analyzes the rating agencies'orientation between its reputation capital accumulation and the short-term excess profit by the fixed reputation premium model. It is found that reputation mechanism is an effective way to slove the conflicts of interests and ensures the correctness of rating level,which provides a good example for the healthy development of China's rating industry.
CHEN Xu,SHI Ni,ZHANG Xiao-han.A Study on the Interest Conflict of Credit Rating Based on the Theory of Reputation[J] Economic Survey, 2013,V1(3): 150-155