Accounting Transparency and the Term Structure of Credit Spreads

By Fan Yu. 2005

172 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/99bc694d0ba8018cc865895cf18b56f1c3194920

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Jun Chen
2. Gennaro Bernile
3. T. D. King
4. Kay Giesecke
5. C. Lu
6. Hsien-Hsing Liao
7. Tsung-Kang Chen
8. G. Jarrell

In Finance

1. Jun Chen
2. Gennaro Bernile
3. T. D. King
4. Kay Giesecke
5. C. Lu
6. Hsien-Hsing Liao
7. Tsung-Kang Chen
8. G. Jarrell

Citations in the corpus

• Information Uncertainty, Information Asymmetry and Corporate Bond Yield Spreads (2010, background): “The proposed approach empirically improves the explanatory power of bond yield spreads, especially for bonds with a maturity of less than 3 years (Yu, 2005).”
• Default and Information (2006, background): “The empirical study of Yu (2005) provides first steps in this direction.”
• Analyst forecast characteristics and the cost of debt (2011, unknown): “16 In addition, while our finding that AIMR scores are insignificant differs from Yu (2005), we use a very different sampling method (we sample once a year to coincide with our financial controls rather than monthly, which could induce strong-serial correlation in the AIMR variable that does not cha”
• Tightening credit standards: the role of accounting quality (2009, unknown): “Consistent with the theory, several recent studies show that lower disclosure quality is associated with higher credit spreads (e.g., Sengupta, 1998; Yu, 2005).”
• Firm Growth and Disclosure: An Empirical Analysis (2005, unknown): “Furthermore, prior studies (e.g., Yu (2005)) find this disclosure metric to be well behaved in that it is statistically significant in the predicted direction with the dependent variable of interest.”
• The Impact of the Options Backdating Scandal on Shareholders (2009, background): “Moreover, recent studies formalize the argument that investors’ perception of disclosure quality, broadly defined as information risk, affects firm value (Duffie and Lando, 2001; Easley and O’Hara, 2004; Yu, 2005; Kumar et al., 2006; Epstein and Schneider, 2007).”
• Corporate hedging and the cost of debt (2014, background): “Yu (2005) empirically supports this “transparency spread” by documenting that a reduction in the precision of accounting information is associated with a widening of credit spreads.”