Accrual Quality, Cost of Debt, and Credit Spread and Loss
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DOI: 10.1007/s10690-024-09475-6
Abstract: Our study presents a method to dissect bond excess returns into components influenced by credit spreads and credit losses. Analyzing data spanning 48 years, we find that companies with higher accrual quality experience greater shocks… read more here.
Keywords: credit spread; accrual quality; spread shocks; credit ... See more keywords