Accounting Quality and Debt Contracting

By Sreedhar T. Bharath, Jayanthi Sunder, Shyam V. Sunder. 2008

1,243 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/6d1908adca380884027cac03d69fe3d5b4c5bc82

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Citations in the corpus

Correcting for Cross-Sectional and Time-Series Dependence in Accounting Research (2010, neutral): “2009), earnings quality (e.g., FLOS 2005; Bharath et al. 2008; Francis et al. 2008), corporate governance (e.”
Capital versus Performance Covenants in Debt Contracts (2012, positive): “Properties of accounting information are likely to be important in determining debt contract design and more specifically the use of accounting-based covenants (Skinner 1993; Frankel and Litov 2007; Bharath et al. 2008; Nikolaev 2010).”
Financial reporting quality, debt maturity and investment efficiency (2014, background): “…have analyzed some of these implications, such as the reduction of the cost of capital and cost of debt (Francis et al., 2004, 2005) and access to the debt market and the effect on its conditions (Bharath et al., 2008), i.e., lower cost, higher debt maturity and lower guarantees in bank financing.”
Shareholder Litigation, Reputational Loss, and Bank Loan Contracting (2014, neutral): “Bharath et al. (2008) find that borrowers with poorer accounting quality prefer private debt to public debt.”
How Does Financing Impact Investment? The Role of Debt Covenants (2008, background): “Abnor Current Accruals—TWW: an annual measure of abnormal accruals based on the study by Teoh, Welch, and Wong (1998) and whose derivation closely follows that found in Bharath et al. (2006). Total current accruals are first constructed from the statement of cash flows (Hribar and Collins (2002)) as”
Do Delays in Expected Loss Recognition Affect Banks' Willingness to Lend? (2011, positive): “We contribute to the accounting literature by finding that financial reporting quality not only affects industrial firms‟ borrowing and investing behaviors (e.g., Biddle and Hilary, 2006; Bharath et al., 2008), but also impacts banks‟ willingness to lend.”
The Effects of Firm-Initiated Clawback Provisions on Bank Loan Contracting (2013, background): “Prior studies show that financial reporting quality is negatively associated with firms’ cost of debt (Ashbaugh et al. 2009; Bharath et al. 2008).”
Target’s earnings quality and bidders’ takeover decisions (2013, positive): “…target firms’ earnings quality influences investment decisions by bidders, our study adds to recent research that examines how financial reporting quality affects the cost and terms of corporate financing (e.g., Francis et al. 2005; Aboody et al. 2005; Bharath et al. 2008; Lee and Masulis 2009).”
On the Value of Corporate Social Responsibility Disclosure: An Empirical Investigation of Corporate Bond Issues in China (2018, background): “Prior studies document that tangible assets and firm profitability significantly affect the cost of debt (Bharath et al. 2008; Ge et al. 2012).”
Corporate debt financing and earnings quality (2010, positive): “Low renegotiation costs provide private lenders with incentives to write detailed and tailor-made contracts and stringent covenants (Bharath et al., 2008).”
Alternative Information Sources and Information Asymmetry Reduction: Evidence from Small Business Debt (2015, background): “However, information asymmetries between firm managers and lenders generally result in insiders having better information on the firm’s past and future economic performance and, consequently, on firm default risk (Sengupta, 1998; Bharath et al., 2008).”
The Effect of Private Information and Monitoring on the Role of Accounting Quality in Investment Decisions (2009, positive): “The first-stage model of debt choice includes variables from Denis and Mihov 2003, Krishnaswami et al. 1999, and Bharath et al. 2008.”