CDS channels of influence on discretionary accruals

CDS channels of influence on discretionary accruals

Existing studies indicated that firm debt holders can use the credit default swap (CDS) market to hedge their credit risk, and thus they would reduce their monitoring of the firms, leading to largely distressed firms shirking and increasing positive abnormal earnings accruals. Besides providing insu...

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Bibliographic Details
Main Authors: CHENG, Hao, LIM, Kian Guan
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2022
Subjects:
credit default swaps
earnings quality
absolute abnormal earnings accruals
trade credit exposures
risk management
Corporate Finance
Finance and Financial Management
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/7015
https://ink.library.smu.edu.sg/context/lkcsb_research/article/8014/viewcontent/CDS_ChannelsInfluence_sv.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/lkcsb_research/7015
https://ink.library.smu.edu.sg/context/lkcsb_research/article/8014/viewcontent/CDS_ChannelsInfluence_sv.pdf

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