Handbook of Ratings Approaches to Ratings in the Economy, Sports, an

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, whe

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ndbook of Ratings

Approaches to Ratings in the Economy, Sports, and Society

Handbook of Ratings

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Alexander Karminsky • Andrey Polozov

Handbook of Ratings Approaches to Ratings in the Economy, Sports, and Society

Alexander Karminsky National Research University Higher School of Economics Moscow, Russia

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

ISBN 978-3-319-39260-8 ISBN 978-3-319-39261-5 DOI 10.1007/978-3-319-39261-5

(eBook)

Library of Congress Control Number: 2016943128 © Springer International Publishing Switzerland 2016 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper This Springer imprint is published by Springer Nature The registered company is Springer International Publishing AG Switzerland

Foreword

The Handbook presented by A.M. Karminsky and A.A. Polozov is devoted to ratings in the economy, society and sports. In terms of its vast content, this Handbook is encyclopedic, while the material is presented in an easily accessible and clear language. Therefore, it can serve both as a textbook and also just as a book for reading and expanding the perspective and may be recommended to everyone who is eager to know more about this subject. In all spheres of activities, the need to measure quality is a priority task. The role of ratings is steadily increasing, as measurements are multidimensional. Therefore, the chosen subject of research is relevant and essential, particularly in view of the global crises, primarily in the economic area. The ongoing discussions on the role of ratings and rating agencies lead to even more interest for the regulation of the rating activities, among other things for developing methods, which promote the synergy of such institutions. The following features of the Handbook should be emphasized: • The Handbook reflects the current status of the rating process, which is characterized by a fairly high dynamics, primarily in the fi