Billings, Bruce K.; Morton, Richard M. - In: Journal of Business Finance & Accounting 29 (2002) 5&6, pp. 787-805
This study examines the relevance of "Financial Accounting Standards (SFAS) No. 95" operating cash flow disclosures for assessing a primary component of firm risk, namely credit risk. We find that "SFAS No. 95" operating cash flows is an important determinant of credit risk, measured by debt...