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Full-Text Articles in Business

A Comparative Analysis Of Value Line, Standard And Poor's And Moody's Industiral Bond Ratings, Billie Ann Brotman Jul 1990

A Comparative Analysis Of Value Line, Standard And Poor's And Moody's Industiral Bond Ratings, Billie Ann Brotman

Faculty and Research Publications

This paper compares and contrasts financial strength ratings assigned by Value Line, Standard and Poor's, and Moody's. All of these rating agencies use modified ratings. When modifiers are considered, these agencies agree between 85 to 97 percent of the time. A model using stock market information as well as liquidity, leverage, activity and profitability ratios is presented. Cronbach's alpha, a measure of reliability, is calculated for each rating class, and the entire data set.


Linear And Nonlinear Appraisal Models, Billie Ann Brotman Apr 1990

Linear And Nonlinear Appraisal Models, Billie Ann Brotman

Faculty and Research Publications

In this article, the author uses nonlinear models to forecast the value of four important housing characteristics. The article explains, for example, that each additional bedroom does not add a set incremental dollar figure to the value of a house. The results suggest that nonlinear models predict housing values better than linear ones.