Pepa Kraft

HEC Paris

Jouy-en-Josas

France

http://www.hec.edu/Faculty-Research/Faculty-Directory/KRAFT-Pepa2

  • HEC Paris

SCHOLARLY PAPERS

11

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SSRN CITATIONS
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103

CROSSREF CITATIONS

43

Scholarly Papers (11)

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1.

Rating Agency Adjustments to GAAP Financial Statements and Their Effect on Ratings and Credit Spreads

AAA 2009 Financial Accounting and Reporting Section (FARS) Paper
Number of pages: 49 Posted: 11 Sep 2008 Last Revised: 11 Mar 2014
Pepa Kraft
HEC Paris
Downloads 1,389 (24,823)
Citation 40

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Rating agencies, off-balance sheet finance, corporate credit risk

2.

Financial Statement Comparability and Credit Risk

Number of pages: 47 Posted: 27 Jun 2012 Last Revised: 12 Jan 2013
Seil Kim, Pepa Kraft and Stephen G. Ryan
Baruch College, City University of New York, HEC Paris and New York University (NYU) - Leonard N. Stern School of Business
Downloads 835 (51,260)
Citation 17

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Comparability, corporate credit risk, credit rating agency, bond market liquidity

3.

The Usefulness of Credit Ratings for Accounting Fraud Prediction

The Accounting Review, Forthcoming, HEC Paris Research Paper No. ACC-2019-1348, HKUST Business School Research Paper No. 2023-118
Number of pages: 51 Posted: 21 Aug 2019 Last Revised: 06 Sep 2023
Allen H. Huang, Pepa Kraft and Shiheng Wang
Hong Kong University of Science and Technology - Department of Accounting, HEC Paris and Hong Kong University of Science & Technology (HKUST)
Downloads 693 (65,663)

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accounting fraud; fraud prediction; credit rating agency; issuer-paid rating agency; investor-paid rating agency; F-score

4.

Qualitative Disclosure and Credit Analysts’ Soft Rating Adjustments

European Accounting Review
Number of pages: 46 Posted: 05 May 2017 Last Revised: 15 Feb 2022
Zahn Bozanic, Pepa Kraft and Andrea Tillet
Florida State University, HEC Paris and University of Wisconsin-Madison
Downloads 544 (88,962)
Citation 10

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Credit ratings, soft information, qualitative disclosure

5.

Do Rating Agencies Cater? Evidence from Rating-Based Contracts

Number of pages: 45 Posted: 18 Dec 2010 Last Revised: 29 Sep 2014
Pepa Kraft
HEC Paris
Downloads 506 (97,339)
Citation 34

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Rating agency, off-balance-sheet finance, hard and soft information, debt contracting

6.

Effect of Mandatory IFRS Adoption on Accounting-Based Prediction Models for CDS Spreads

Downloads 469 (106,625)
Citation 9

Effect of Mandatory IFRS Adoption on Accounting-Based Prediction Models for CDS Spreads

Number of pages: 46 Posted: 02 Jun 2014 Last Revised: 28 May 2017
Pepa Kraft and Wayne R. Landsman
HEC Paris and University of North Carolina Kenan-Flagler Business School
Downloads 403 (126,184)
Citation 9

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IFRS, credit markets

Effect of Mandatory IFRS Adoption on Accounting-Based Prediction Models for CDS Spreads

European Accounting Review, Forthcoming
Number of pages: 49 Posted: 15 May 2020
Pepa Kraft, Wayne R. Landsman and Zilu SHAN
HEC Paris, University of North Carolina Kenan-Flagler Business School and HEC Paris
Downloads 66 (588,039)
Citation 3

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IFRS, credit markets

7.

The Impact of the Contractual Use of Ratings on the Rating Process - Evidence from Rating Agency Adjustments

Number of pages: 48 Posted: 15 Mar 2010
Pepa Kraft
HEC Paris
Downloads 300 (175,449)
Citation 9

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Rating agencies, hard and soft information, off-balance sheet finance

8.

The Role of Accounting Accruals in Chinese Firms

Number of pages: 12 Posted: 19 May 2014
Pepa Kraft
HEC Paris
Downloads 206 (253,763)

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9.

The Timing of Rating Changes

Number of pages: 46 Posted: 06 Apr 2017
Pepa Kraft, Yuan Xie and Ling Zhou
HEC Paris, Fordham University and University of New Mexico
Downloads 148 (337,960)
Citation 1

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10.

Market Power and Credit Rating Standards: Global Evidence

Journal of Accounting and Economics, Forthcoming, HEC Paris Research Paper No ACC-2021-1447
Number of pages: 68 Posted: 15 Dec 2021 Last Revised: 06 Dec 2022
Mingyi Hung, Pepa Kraft, Shiheng Wang and Gwen Yu
Hong Kong University of Science & Technology (HKUST), HEC Paris, Hong Kong University of Science & Technology (HKUST) and University of Michigan
Downloads 137 (359,243)
Citation 3

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Market Power; Credit Rating Agency; Rating Standards; Reputation

11.

Do Rating Agencies Behave Defensively for Higher Risk Issuers?

Forthcoming at Management Science, https://pubsonline.informs.org/doi/abs/10.1287/mnsc.2022.4537
Number of pages: 52 Posted: 23 Oct 2022
Samuel B. Bonsall, Kevin Koharki, Pepa Kraft, Karl A. Muller and Anywhere (Siko) Sikochi
Pennsylvania State University - Department of Accounting, Purdue University, HEC Paris, Pennsylvania State University - Department of Accounting and Harvard University - Business School (HBS)
Downloads 45 (691,364)

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