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1. 1. Earnings Management and the Cost of Publicly Issued Debt

   University essay from Lunds universitet/Företagsekonomiska institutionen

   Author : Patrik Wajnsztajn; Caroline Heintz; [2016]
   Keywords : Earnings management; bond yields; credit ratings; Credit rating agencies; IFRS.; Business and Economics;

   Abstract : The purpose of this study is to empirically test whether earnings management (both accruals-based and real) has an impact on the cost of public debt (approximated by credit ratings and bond yields) issued on the European bond market. Using a cross-sectional approach, accruals-based and real earnings management are estimated. READ MORE