The Effect of Accrual-Based and Real Earnings Management on Credit Risk
碩士 === 輔仁大學 === 會計學系碩士班 === 99 === Based on the assumption that investors have perfect information about the assets value, Merton (1974) found that yield spreads of corporate bonds are strictly positive associated with the firms’ credit risk. In practice, it is typically difficult for investors in t...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Others |
| Language: | zh-TW |
| Published: |
2011
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| Online Access: | http://ndltd.ncl.edu.tw/handle/00807658912373207433 |