Noncontrolling Interests
The Discretionary Reporting of Noncontrolling interests and Its Association with the Market Assessment of Credit Risk
(Sprache: Englisch)
This paper empirically examines the determinants and the credit market implication of firms' decision to classify noncontrolling interests in the liability versus mezzanine section of the balance sheet. I hypothesize and find that firms with greater...
Leider schon ausverkauft
versandkostenfrei
Buch
49.00 €
24 DeutschlandCard Punkte
sammeln
- Lastschrift, Kreditkarte, Paypal, Rechnung
- Kostenlose Rücksendung
Produktdetails
Produktinformationen zu „Noncontrolling Interests “
Klappentext zu „Noncontrolling Interests “
This paper empirically examines the determinants and the credit market implication of firms' decision to classify noncontrolling interests in the liability versus mezzanine section of the balance sheet. I hypothesize and find that firms with greater exposure to litigation risk from noncontrolling shareholders and firms with more serious information asymmetry problems are more likely to conservatively classify noncontrolling interests as a liability to mitigate agency costs. However, consistent with more serious agency conflicts due to controlling ownership, I predict and find that family firms are more likely to adopt the mezzanine classification. After controlling for the endogeneity of firms' classification choice, I find that firms adopting liability classification have higher credit ratings. This is consistent with my hypothesis that creditors are more likely to favorably assess the credit risk of companies that conservatively classify claims on their balance sheet.
Autoren-Porträt von Bei Dong
Dong, BeiDr. Dong received a Ph.D. specializing in Accounting from Michigan State University and now is an Assistant Professor in the School of Accountancy at the University of South Florida. Her research interest focuses on causes and consequences of alternative accounting choices, accounting regulation, voluntary disclosures, and capital markets.
Bibliographische Angaben
- Autor: Bei Dong
- 2009, 72 Seiten, Maße: 22 cm, Kartoniert (TB), Englisch
- Verlag: LAP Lambert Academic Publishing
- ISBN-10: 3838301358
- ISBN-13: 9783838301358
Sprache:
Englisch
Kommentar zu "Noncontrolling Interests"
0 Gebrauchte Artikel zu „Noncontrolling Interests“
| Zustand | Preis | Porto | Zahlung | Verkäufer | Rating |
|---|
Schreiben Sie einen Kommentar zu "Noncontrolling Interests".
Kommentar verfassen