Options
Ph.D. Mellado-Cid, Cristhian
Nombre de publicación
Ph.D. Mellado-Cid, Cristhian
Nombre completo
Mellado Cid, Cristhian Rodrigo
Email
cmellado@ucsc.cl
ORCID
1 results
Research Outputs
Now showing 1 - 1 of 1
- PublicationReal earnings management activities prior to bond issuanceWe examine real activities manipulation by firms prior to their debt issuances and how such manipulation activities affect bond yield spreads. We find that bond-issuing firms increase their real activities manipulation in the five quarters leading to a bond issuance. We document an inverse association between yield spread and pre-issue real activities manipulation,i.e., firms engaged in abnormally high levels of real activities manipulation are associated with subsequent lower cost of debt.