Real earnings management and loan contract terms

We examine the design of loan contract terms in the presence of borrower pre-issuance real earnings management (REM). Unlike other measures of earnings quality, REM is particularly difficult for outsiders to detect. However, lenders possess some private information which may allow them to correctly...

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Bibliographic Details

Main Authors:	Kostas Pappas, Eamonn Walsh, Alice Liang Xu
Format:	Default Article
Published:	2019
Subjects:	Other commerce, management, tourism and services not elsewhere classified Real earnings management Syndicated loan Debt contract Business and Management not elsewhere classified
Online Access:	https://hdl.handle.net/2134/37316
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