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The Hidden Treasure Of Payday Loan

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Credit ratings of corporations are biased, but the forces driving this bias are unclear. We uncover that an exogenous drop in analyst coverage leads to higher optimism-bias in ratings, especially for firms with tiny bond analyst coverage and those that are close to default. This coverage-induced shock leads to less https://felix442vi.mybloglicious.com/37669038/new-things-are-revealed-5-by-unbiased-article-about-easy-small-loan-that-no-body-is-talking-about

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