Accounting information in the market for debt : a case study

• Main Authors: Chua, Lay Suan, Mun, Sook Yeng, Yeo, Shu Lin
• Other Authors: Nanyang Business School
• Format: Final Year Project
• Language: English
• Published: 2014
• Subjects: DRNTU::Business::Accounting
• Online Access: http://hdl.handle.net/10356/55558
• Institution: Nanyang Technological University

With public debt financing being more readily available, the conflict of interests between bondholders and shareholders has grown into a topic of much interest. This conflict arises because managers who control the firm’s resources, are assumed to be acting in the interests of shareholders at the ex...