This paper reviews theoretical and empirical work on financial contracting that is relevant to
accounting researchers. Its primary objective is to discuss how the use of accounting …

This paper reviews the empirical literature on the determinants and decision usefulness of
goodwill reporting. We structure our discussion around five guiding questions that reflect …

Using a sample of firms that disclose the realizations of earnings used for determining
covenant compliance in loan contracts, we provide direct evidence on the informational …

This paper examines whether and how public environmental enforcement affects private
lenders' monitoring efforts and the effectiveness of such monitoring. We capture lender …

This paper surveys both the theoretical and the empirical archival literature on conservatism
when accounting information is used for debt contracting. The theoretical literature shows …

We analyze the standard error bias associated with the use of generated regressors—
independent variables generated from first‐step regressions—in accounting research …

This study explores the association between firm innovation and loan covenant strictness.
We find that lenders construct stricter contracts for firms filing more patents, consistent with …

We explore how an accounting measure of information asymmetry between lead and
participating lenders influences syndication structures by examining whether lead lenders' …

We examine the influence of CEOs' equity and cash grants' vesting provisions that are
based on (i) accounting performance metrics prepared under US generally accepted …

We document significant variation across syndicated loans in the number of accounting
addbacks in the contractual definition of EBITDA. We show addbacks are increasing over …