The Effect of Cash Flow Forecasts on Cost of Debt
I examine the impact of the presence and characteristics of equity analysts' cash flow forecasts on cost of debt. I find the presence of cash flow forecasts is associated with a lower cost of debt relative to firm-years with only earnings estimates or neither estimate. I also find cash flow f...
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| Language: | en |
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The University of Arizona.
2013
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| Online Access: | http://hdl.handle.net/10150/293406 |