基于声誉理论的信用评级利益冲突问题研究

A Study on the Interest Conflict of Credit Rating Based on the Theory of Reputation

笔者以声誉溢价模型对信用评级机构与发行方之间的关系进行研究,得出了声誉机制是解决评级市场利益冲突、保证评级等级正确性的结论,这对于防范金融风险,保证我国信用评级业的健康发展具有借鉴意义。

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.