NDLI: Discussion of “Financial statement comparability and credit risk”

Content Provider	Springer Nature Link
Author	Arora, Navneet
Copyright Year	2013
Abstract	Comparability of financial statements has been a subject that is often referred to by academics and practitioners alike. In recent years, researchers have attempted to develop a quantifiable framework to study the benefits of comparability from the perspective of equity markets. Kim et al. (2013) approach this issue from the perspective of credit markets. This discussion of their paper has three objectives. First, it critiques their proxy for comparability and offers suggestions on how to validate their assumptions. Second, it recommends improvements to their research design, keeping in mind nuances of credit as an asset class. Finally, to help the authors with their future research, it offers proxies for comparability and information asymmetry that can be developed through some new datasets that have become available to researchers.
Starting Page	824
Ending Page	832
Page Count	9
File Format	PDF
ISSN	13806653
Journal	Review of Accounting Studies
Volume Number	18
Issue Number	3
e-ISSN	15737136
Language	English
Publisher	Springer US
Publisher Date	2013-07-03
Publisher Place	Boston
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Comparability Credit risk Rating agency Accounting/Auditing Finance/Investment/Banking Public Finance & Economics
Content Type	Text
Resource Type	Article
Subject	Accounting

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
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Discussion of “Financial statement comparability and credit risk”