LI, NINGZHONG - In: Journal of Accounting Research 48 (2010) 5, pp. 1103-1144
<heading id="h1" level="1" implicit="yes" format="display">ABSTRACT</heading>This paper investigates contractual definitions of net income and net worth and the cross-sectional variation in definitions of net income in a large sample of private debt contracts to shed light on the debt contracting demand for accounting numbers. The descriptive evidence indicates...