... to an increase in its COD. Real earnings management Transaction-based lending Debt capital Financial statements Firms seeking financial capital to fund their investment opportunities have the option of issuing equity or debt. In the case of debt capital, a lender will require accounting...

... the debt (Berger and Udell, 2002). Accruals Accrual quality Debt capital Earnings management Financial statements Transaction-based lending G10 G32 While both cash and accruals contain information about future cash flows, they nevertheless have different properties. Completed cash...

... management Debt capital My data set begins with all publicly traded US Corporations that are available on the CRSP and COMPUSTAT data base from the period January 1997 to June 2007. Two samples of firms are extracted from the data bases, a debt free firm sample and a leveraged firm sample. Debt free...

... Banking Yield Debt capital Financial risk The study of risk in modern economics and finance was made famous by Knight (1921) in his work on risk, uncertainty and profit. Another celebrated work on risk is by Markowitz (1952) who studied effects of asset risk, correlation...