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term Debt and Discretionary Accruals. doi: 10.2139/ssrn.2069076 Refinancing Pressure and Earnings Management: Evidence from Changes in Short-term Debt and Discretionary Accruals (2012)
BibTeX
@MISC{Trinity12termdebt,
author = {Digital Commons Trinity and L. Paige Fields and Manu Gupta and Michael S. Wilkins and L. Paige Fields and Peggy Prassel and Professor Business and Manu Gupta and Mike Wilkins and Jesse H. Jones and Professor Business Administration},
title = {term Debt and Discretionary Accruals. doi: 10.2139/ssrn.2069076 Refinancing Pressure and Earnings Management: Evidence from Changes in Short-term Debt and Discretionary Accruals},
year = {2012}
}
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Abstract
Refinancing pressure may entice a very specific form of managerial misbehavior on the part of borrowers. Borrowers utilizing a greater amount of short term debt in one period may feel pressure to make their firms look as attractive as possible leading into the next period when refinancing may take place. In other words, potential refinancing pressure may lead managers to manipulate earnings. We examine the relation between changes in debt in
