The roll of accounting in debt contract renegotiations : evidence from positive shocks
Thesis: Ph. D., Massachusetts Institute of Technology, Sloan School of Management, 2014.
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| Formato: | Tese |
| Idioma: | eng |
| Publicado em: |
Massachusetts Institute of Technology
2015
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| Acesso em linha: | http://hdl.handle.net/1721.1/97865 |
| _version_ | 1826197094239567872 |
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| author | Zheng, Kexin, Ph. D. Massachusetts Institute of Technology |
| author2 | Joseph Weber. |
| author_facet | Joseph Weber. Zheng, Kexin, Ph. D. Massachusetts Institute of Technology |
| author_sort | Zheng, Kexin, Ph. D. Massachusetts Institute of Technology |
| collection | MIT |
| description | Thesis: Ph. D., Massachusetts Institute of Technology, Sloan School of Management, 2014. |
| first_indexed | 2024-09-23T10:42:24Z |
| format | Thesis |
| id | mit-1721.1/97865 |
| institution | Massachusetts Institute of Technology |
| language | eng |
| last_indexed | 2024-09-23T10:42:24Z |
| publishDate | 2015 |
| publisher | Massachusetts Institute of Technology |
| record_format | dspace |
| spelling | mit-1721.1/978652019-04-10T18:11:23Z The roll of accounting in debt contract renegotiations : evidence from positive shocks Zheng, Kexin, Ph. D. Massachusetts Institute of Technology Joseph Weber. Sloan School of Management. Sloan School of Management. Sloan School of Management. Thesis: Ph. D., Massachusetts Institute of Technology, Sloan School of Management, 2014. Cataloged from PDF version of thesis. Includes bibliographical references (pages 39-44). Using a hand-collected sample of private debt contracts between U.S. publicly traded firms and financial institutions, I examine the role of accounting in the renegotiation of debt contracts following a positive shock to the borrower's credit quality. I find that, following a positive shock to their credit quality, firms with more timely reporting of good news are more likely to renegotiate their loan contracts and they do so sooner than firms with less timely good news reporting. Further, these effects are more pronounced for firms whose positive shocks can be more credibly communicated through financial reporting. My paper contributes to the literature on the role of accounting information in debt contract renegotiations. by Kexin Zheng. Ph. D. 2015-07-17T19:54:49Z 2015-07-17T19:54:49Z 2014 2014 Thesis http://hdl.handle.net/1721.1/97865 913786020 eng M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. http://dspace.mit.edu/handle/1721.1/7582 68 pages application/pdf Massachusetts Institute of Technology |
| spellingShingle | Sloan School of Management. Zheng, Kexin, Ph. D. Massachusetts Institute of Technology The roll of accounting in debt contract renegotiations : evidence from positive shocks |
| title | The roll of accounting in debt contract renegotiations : evidence from positive shocks |
| title_full | The roll of accounting in debt contract renegotiations : evidence from positive shocks |
| title_fullStr | The roll of accounting in debt contract renegotiations : evidence from positive shocks |
| title_full_unstemmed | The roll of accounting in debt contract renegotiations : evidence from positive shocks |
| title_short | The roll of accounting in debt contract renegotiations : evidence from positive shocks |
| title_sort | roll of accounting in debt contract renegotiations evidence from positive shocks |
| topic | Sloan School of Management. |
| url | http://hdl.handle.net/1721.1/97865 |
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