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Handbook of Ratings

Approaches to Ratings in the Economy, Sports, and Society

  • Reflects the current status of the rating process, characterized by fairly high dynamics and offers new opportunities for supporting decision-making
  • Presents academic research around rating activities and modeling
  • Offers an opportunity for using the Handbook as a teaching aid for educating currently working professionals of various specialities

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Table of contents (12 chapters)

  1. Front Matter

    Pages i-xviii
  2. General Approaches to Ratings

    1. Front Matter

      Pages 1-1
    2. Ratings as Tools of Informational Transparency

      • Alexander Karminsky, Andrey Polozov
      Pages 3-23
  3. Ratings in the Economy and Business

    1. Front Matter

      Pages 25-25
    2. Credit Ratings as A Financial Risk Measure

      • Alexander Karminsky, Andrey Polozov
      Pages 27-61
    3. Modelling of Credit Ratings

      • Alexander Karminsky, Andrey Polozov
      Pages 63-106
    4. Ratings for the Regulation of Financial Markets

      • Alexander Karminsky, Andrey Polozov
      Pages 107-125
    5. Ratings of Quality and Management

      • Alexander Karminsky, Andrey Polozov
      Pages 127-152
  4. Ratings and Rankings in Sports

    1. Front Matter

      Pages 153-153
    2. Problem of Rating in Sports and Its Possible Solutions

      • Alexander Karminsky, Andrey Polozov
      Pages 155-185
    3. Evolution of Ideas About Rating and Ranking in Sports

      • Alexander Karminsky, Andrey Polozov
      Pages 187-200
    4. A Universal Solution to the Problem of Ratings and Rankings in Sports

      • Alexander Karminsky, Andrey Polozov
      Pages 201-226
    5. Management Based on the Universal Rating Model

      • Alexander Karminsky, Andrey Polozov
      Pages 227-261
  5. Ratings and Rankings in Public Life

    1. Front Matter

      Pages 263-263
    2. Ratings and Rankings of Supranational Level

      • Alexander Karminsky, Andrey Polozov
      Pages 265-294
    3. Ratings and Rankings of National Level

      • Alexander Karminsky, Andrey Polozov
      Pages 295-342
    4. Ratings and Rankings of Personal Level

      • Alexander Karminsky, Andrey Polozov
      Pages 343-356

About this book

This handbook presents a systematic overview of approaches to, diversity, and problems involved in interdisciplinary rating methodologies. Historically, the purpose of ratings is to achieve information transparency regarding a given body’s activities, whether in the field of finance, banking, or sports for example. This book focuses on commonly used rating methods in three important fields: finance, sports, and the social sector.

In the world of finance, investment decisions are largely shaped by how positively or negatively economies or financial instruments are rated. Ratings have thus become a basis of trust for investors. Similarly, sports evaluation and funding are largely based on core ratings. From local communities to groups of nations, public investment and funding are also dependent on how these bodies are continuously rated against expected performance targets. 

As such, ratings need to reflect the consensus of all stakeholders on selected aspects of thework and how to evaluate their success. The public should also have the opportunity to participate in this process. The authors examine current rating approaches from a variety of proposals that are closest to the public consensus, analyzing the rating models and summarizing the methods of their construction. This handbook offers a valuable reference guide for managers, analysts, economists, business informatics specialists, and researchers alike.

Reviews

“The monograph presents a review of various rating methodologies in attempt of their unification in a combined framework of common criteria and approaches used in various fields of human interests. … Most of the chapters’ present additional material on Russian systems of ratings. The monograph can be interesting to researchers and graduate students in various applied sciences requiring systematical ordering and prioritization of multiple items by numerous characteristics.” (Stan Lipovetsky, Technometrics, Vol. 59 (3), July, 2017)

Authors and Affiliations

  • Higher School of Economics, National Research University, Moscow, Russia

    Alexander Karminsky

  • Graduate School of Economics and Management, Ural Federal University, Moscow, Russia

    Andrey Polozov

About the authors

Prof. Alexander Karminsky is a trained mathematician and Doctor of Economics. After 15 years in the banking sector, Dr. Karminsky is currently employed as Professor of Department of Finance at the National Research University Higher School of Economics, Moscow (HSE) and was Senior Research Fellow at the HSE International Laboratory of Quantitative Finance.  Prof. Karminsky is on the editorial board of several scientific journals in Russia and abroad. He is the author of 25+ books and 200+ articles on banking, risk management, econometrics as well as on  IT and controlling.

Andrey Polozov holds a Doctor of Education from the Ural Federal University (Russia, Moscow) on the topic of "Information Management Model of competitive activity." Andrey Polozov is active in the economics of sports, forecasting results in team sports, and monitoring sporting achievements. He is also a Scientific Advisor to the complex scientific group Russian national futsal and football.

Bibliographic Information

  • Book Title: Handbook of Ratings

  • Book Subtitle: Approaches to Ratings in the Economy, Sports, and Society

  • Authors: Alexander Karminsky, Andrey Polozov

  • DOI: https://doi.org/10.1007/978-3-319-39261-5

  • Publisher: Springer Cham

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: Springer International Publishing Switzerland 2016

  • Hardcover ISBN: 978-3-319-39260-8Published: 18 August 2016

  • Softcover ISBN: 978-3-319-81852-8Published: 14 June 2018

  • eBook ISBN: 978-3-319-39261-5Published: 04 August 2016

  • Edition Number: 1

  • Number of Pages: XVIII, 356

  • Number of Illustrations: 32 b/w illustrations, 12 illustrations in colour

  • Topics: Finance, general, Sports Economics, Statistics for Business, Management, Economics, Finance, Insurance

Buy it now

Buying options

eBook USD 129.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 169.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 169.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access