Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/206366 
Erscheinungsjahr: 
2017
Quellenangabe: 
[Journal:] BRQ Business Research Quarterly [ISSN:] 2340-9436 [Volume:] 20 [Issue:] 3 [Publisher:] Elsevier España [Place:] Barcelona [Year:] 2017 [Pages:] 164-177
Verlag: 
Elsevier España, Barcelona
Zusammenfassung: 
We examine real activities manipulation by firms prior to their debt issuances and how such manipulation activities affect bond yield spreads. We find that bond-issuing firms increase their real activities manipulation in the five quarters leading to a bond issuance. We document an inverse association between yield spread and pre-issue real activities manipulation, i.e., firms engaged in abnormally high levels of real activities manipulation are associated with subsequent lower cost of debt."
Schlagwörter: 
Real activities manipulation
Debt issues
Earnings management
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