منابع مشابه
Debt Financing in Asset Markets
The widely used short-term debt such as overnight repos and commercial paper is regarded as one of the main sources of instability leading to the distress of many nancial institutions during the nancial crisis of 2007-2008. What explains the popularity of shortterm debt in nancing asset market investments? Geanakoplos (2010) presents a dynamic model of the joint equilibrium of asset markets ...
متن کاملEvidence on Asset Sales and Income Management: Case of Iran
This study empirically examines whether managers manipulate reported income through the timing of sales of long-lived assets and investments. Several empirical implications of the income-smoothing and debt-equity hypothesis in the context of asset sales were tested. The findings are consistent with the timing of asset sales by managers so that the recognized accounting income from these sales s...
متن کاملIncome from Asset sales, Earnings Change, and Leverage
Due to the fact that assets are recorded at their historical value and they may include unrealized gains (losses), managers may manipulate earnings through the sale of these assets and provide financial information which is not accurate and reliable. The aim of this study is to investigate the relationship between income from asset sales, earnings change and leverage of companies listed on Tehr...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2012
ISSN: 1556-5068
DOI: 10.2139/ssrn.2024513