This dissertation explores three current issues relevant to the accounting and business communities by empirically examining the effect these issues have on the bond credit market. The first study examines the effect earnings predictability has on both the initial bond rating and the initial pricing of the issue. Earnings predictability is measured as (1) the annual earnings surprise (actual minus analyst forecast) and (2) the dispersion of initial analyst forecasts. The results indicate a negative association between a lack of earnings predictability and both bond ratings and initial bond price. The results are consistent with creditors interpreting greater earnings variability as a dimension of default risk incremental to the benchmark mo...
zThis study examines whether the quality of borrowers’ accounting information determines the accurac...
This thesis contains three empirical studies on the US corporate bond market; each chapter is self-c...
[[abstract]]This study examines the accounting information uncertainty effects on corporate credit r...
Statement of Financial Accounting Concepts (SFAC) No. 1 (1978) has specified investors and creditors...
The two essays in this dissertation study issues regarding the impact of analysts\u27 forecasts on t...
University of Technology, Sydney. Faculty of Business.Rating agencies have claimed that their rating...
This study presents evidence about information content of earnings announcements to bond investors. ...
This study evaluates empirically the impact of earnings on credit risk in the multi-trillion dollar ...
In this paper I show that the bond price reaction to earnings announcements has predictive power for...
textabstractThis dissertation contributes to the stream of literature that examines the role of acco...
This thesis contains five chapters. The first chapter provides an introduction and the last chapter...
In this paper I show that the bond price reaction to earnings announcements has predictive power for...
This thesis analyzes the relationship between earnings management and debt issuance and further addr...
This study examines whether the quality of borrowers\u27 accounting information determines the accur...
Recent research establishes a negative relation between stock returns and dispersion of analysts' ea...
zThis study examines whether the quality of borrowers’ accounting information determines the accurac...
This thesis contains three empirical studies on the US corporate bond market; each chapter is self-c...
[[abstract]]This study examines the accounting information uncertainty effects on corporate credit r...
Statement of Financial Accounting Concepts (SFAC) No. 1 (1978) has specified investors and creditors...
The two essays in this dissertation study issues regarding the impact of analysts\u27 forecasts on t...
University of Technology, Sydney. Faculty of Business.Rating agencies have claimed that their rating...
This study presents evidence about information content of earnings announcements to bond investors. ...
This study evaluates empirically the impact of earnings on credit risk in the multi-trillion dollar ...
In this paper I show that the bond price reaction to earnings announcements has predictive power for...
textabstractThis dissertation contributes to the stream of literature that examines the role of acco...
This thesis contains five chapters. The first chapter provides an introduction and the last chapter...
In this paper I show that the bond price reaction to earnings announcements has predictive power for...
This thesis analyzes the relationship between earnings management and debt issuance and further addr...
This study examines whether the quality of borrowers\u27 accounting information determines the accur...
Recent research establishes a negative relation between stock returns and dispersion of analysts' ea...
zThis study examines whether the quality of borrowers’ accounting information determines the accurac...
This thesis contains three empirical studies on the US corporate bond market; each chapter is self-c...
[[abstract]]This study examines the accounting information uncertainty effects on corporate credit r...