Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/53396
Full metadata record
DC FieldValueLanguage
dc.contributor.authorHe, Guanming
dc.date.accessioned2013-06-03T03:36:33Z
dc.date.available2013-06-03T03:36:33Z
dc.date.copyright2013en_US
dc.date.issued2013
dc.identifier.citationHe, G. (2013). The impact of impending credit rating change on managerial voluntary disclosure. Doctoral thesis, Nanyang Technological University, Singapore.
dc.identifier.urihttp://hdl.handle.net/10356/53396
dc.description.abstractThis study investigates whether and how managers commit to voluntary disclosure to maintain or achieve a desired credit rating during an impending credit rating change. I find that firms near a rating change are more likely to publicly release product and business expansion information to increase information transparency but no evidence of a higher incidence of an earnings forecast. The positive impact of impending rating change status on managerial propensity to disclose the nonfinancial information is more evident for firms that are subject to low proprietary cost of the disclosure. I find no evidence that credit ratings are manipulated via the voluntary disclosure. In particular, firms close to a rating change do not selectively release good news on their product and business expansion information. Nor do the firms likely issue a good news earnings forecast, an optimistic forecast or a more precise forecast for good news than for bad news. Overall, the results suggest that firms generally exhibit a credible commitment to increasing disclosure transparency for a desired credit rating. Further analysis reveals that an increase in the nonfinancial disclosure raises the likelihood of a rating upgrade in the subsequent period.en_US
dc.format.extent100 p.en_US
dc.language.isoenen_US
dc.subjectDRNTU::Business::Accountingen_US
dc.titleThe impact of impending credit rating change on managerial voluntary disclosureen_US
dc.typeThesis
dc.contributor.schoolCollege of Business (Nanyang Business School)en_US
dc.description.degreeDoctor of Philosophy (NBS)en_US
dc.contributor.researchCentre for Accounting and Auditing Researchen_US
dc.contributor.supervisor2Bin Keen_US
item.grantfulltextrestricted-
item.fulltextWith Fulltext-
Appears in Collections:NBS Theses
Files in This Item:
File Description SizeFormat 
He Guanming 28 May 2018.pdf
  Restricted Access
1.01 MBAdobe PDFView/Open

Page view(s) 20

401
Updated on Nov 28, 2020

Download(s) 50

7
Updated on Nov 28, 2020

Google ScholarTM

Check

Items in DR-NTU are protected by copyright, with all rights reserved, unless otherwise indicated.