Author | Mellado-Cid, Cristhian | |
Author | Jory, Surendranath R. | |
Author | Ngo, Thanh | |
Date Accessioned | 2020-04-21T17:23:21Z | |
Date Available | 2020-04-21T17:23:21Z | |
Date of Issue | 2017-06-01 | |
Identifier (URI) | http://hdl.handle.net/10342/8259 | |
Description | We examine real activities manipulation by firms prior to their debt issuances andhow such manipulation activities affect bond yield spreads. We find that bond-issuing firmsincrease their real activities manipulation in the five quarters leading to a bond issuance. Wedocument an inverse association between yield spread and pre-issue real activities manipula-tion, i.e., firms engaged in abnormally high levels of real activities manipulation are associatedwith subsequent lower cost of debt. | en_US |
Title | Real earnings management activities prior to bondissuance | en_US |
Type | Article | en_US |
Identifier (DOI) | 10.1016/j.brq.2017.04.004 | |
Journal Name | BRQ Business Research Quarterly | en_US |
Journal Volume | 20 | en_US |
Journal Issue | 3 | en_US |
Article Pages | 164-177 | en_US |