摘要
近期欧债危机表明,信用评级已成为影响国家金融主权和经济安全的重要因素,可是当前却被控制在少数美国信用评级机构手中。因此,构建可持续发展而有公信力的信用评级业是中国维护切身利益的必然要求。本文基于信誉机制理论框架剖析了中国信用评级市场,认为自发需求不足和信息化水平低对信用评级业的发展和公信力构成巨大挑战,而依靠行政力量推动则强化了监管的必要性,迫切需要提高监管方式的有效性。
Recent European sovereign debt crisis shows that credit ratings play an important role in the financial sovereignty and economic safety of a country, whereas it is currently controlled by a few American credit rating agencies. So it is necessary for China to construct a snstainably developing and creditwoahy credit rating industry of its own. This paper analyzes the status quo of China＇ s credit rating market within the theoretical framework of reputation mechanism. It considers that the inadequate spontancons demand pins low information level bring a challenge to the development and creditworthiness of China＇ s credit rating industry, but a credit rating market pushed forward by administrative force necessitates regulation and urgently requires valid supervisory methods.
出处
《财经科学》
CSSCI
北大核心
2011年第9期32-39,共8页
Finance & Economics
关键词
信用评级
信誉机制
特许权价值
Credit Rating
Reputation Mechanism
License Value
