Accounting Quality and Debt Contracting

We study the role of borrower accounting quality in debt contracting. Specifically, we examine how accounting quality affects the borrower's choice of private versus public debt market and how the design of debt contracts vary with accounting quality in the two markets. We find that accounting...

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Veröffentlicht in:	The Accounting review 2008-01, Vol.83 (1), p.1-28
Hauptverfasser:	Bharath, Sreedhar T., Sunder, Jayanthi, Sunder, Shyam V.
Format:	Artikel
Sprache:	eng
Schlagworte:	Accounting Accounting standards Adverse selection Bank loans Borrowing Contracts Credit risk Debt Debt contracts Debt financing Debt market Design Financial accounting Financial bonds Financial instruments Financing methods Lenders Loan agreements Loans Market structure Public debt Studies
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