Dr Oluyomi Osobajo o.osobajo@rgu.ac.uk
Principal Lecturer
Determinants of sovereign credit ratings in emerging markets.
Osobajo, Oluyomi A.; Akintunde, Adeola E.
Authors
Adeola E. Akintunde
Abstract
This study critically investigates the determinants of sovereign credit ratings in emerging markets, during 2001 to 2015. This was conducted in 20 emerging markets, using S&P and Moody ratings. Linear framework econometric approach with the use of pooled Ordinary Least Square regression method was adopted in the study. The explanatory power of the estimated models has a good performance across both rating agencies. The study reveals the importance of five macroeconomic variables in determining the sovereign credit rating of emerging markets. These variables are: gross domestic product per capital, inflation, government debt, reserves, and external debt. Also, world governance indicators, a proxy for qualitative/political variables, were found to be an essential determinant of rating.
Citation
OSOBAJO, O.A. and AKINTUNDE, A.E. 2019. Determinants of sovereign credit ratings in emerging markets. International business research [online], 12(5), pages 142-166. Available from: https://doi.org/10.5539/ibr.v12n5p142
Journal Article Type | Article |
---|---|
Acceptance Date | Apr 18, 2019 |
Online Publication Date | Apr 26, 2019 |
Publication Date | May 31, 2019 |
Deposit Date | Sep 12, 2019 |
Publicly Available Date | Sep 12, 2019 |
Journal | International Business Research |
Print ISSN | 1913-9004 |
Electronic ISSN | 1913-9012 |
Publisher | Canadian Center of Science and Education |
Peer Reviewed | Peer Reviewed |
Volume | 12 |
Issue | 5 |
Pages | 142-166 |
DOI | https://doi.org/10.5539/ibr.v12n5p142 |
Keywords | Sovereign credit rating; Credit rating; Credit rating agency; Emerging market |
Public URL | https://rgu-repository.worktribe.com/output/545501 |
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Publisher Licence URL
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