We examine the relation between accounting quality and debt concentration in corporate capital structures (i.e., firms … strong link between debt concentration and creditors' coordination costs and the importance of accounting quality in reducing … these costs, we hypothesize that firms with higher accounting quality have less concentrated debt structures. Measuring …

accounting services. The STRIs are composite indices taking values between zero and one, zero representing an open market and one … legal and accounting services and captures de jure regulations in force in 2013. The STRI supports the view that legal and … accounting services are subject to a relatively high level of regulation. Restrictiveness for legal services ranges from 0.11 to …

This paper examines the approaches accounting researchers adopt to draw causal inferences using observational (or … nonexperimental) data. The vast majority of accounting research papers draw causal inferences notwithstanding the well … methods also make strong assumptions that are not always fully appreciated. We believe that accounting research would benefit …

This paper examines the approaches accounting researchers use to draw causal inferences using observational (or non …-experimental) data. The vast majority of accounting research papers draw causal inferences notwithstanding the well-known difficulties in … make strong assumptions that are not always fully appreciated. We believe that accounting research would benefit from: more …

This paper examines the effect of accounting conservatism on firm-level investment during the 2007-2008 global … debt raising activity and stock performance. The evidence suggests that accounting conservatism reduces underinvestment in …