Bank relationships and the value relevance of the income statement: Evidence from income-statement conservatism
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Choi, Wooseok | - |
dc.date.accessioned | 2021-09-09T17:10:20Z | - |
dc.date.available | 2021-09-09T17:10:20Z | - |
dc.date.created | 2021-06-10 | - |
dc.date.issued | 2007-09 | - |
dc.identifier.issn | 0306-686X | - |
dc.identifier.uri | https://scholar.korea.ac.kr/handle/2021.sw.korea/125727 | - |
dc.description.abstract | This study examines the effects of a firm's debt financing decision on the informativeness of the income statement. This study specifically examines the association between a firm's bank dependence and the value relevance of the income statement by investigating the income-statement conservatism of firms with bank loans. Focusing on relatively small businesses, this study finds that income-statement conservatism, measured as timely loss recognition, is increasing in a firm's bank dependence. This study also finds that the value relevance of the income statement is increasing in a firm's bank dependence. The findings of this paper suggest that the usefulness of the income statement varies with a firm's bank dependence, indicating that the value relevance of the income statement is a function of a firm's debt financing decision. The findings further suggest that bank relationships affect the value relevance of the income statement through their influence on income-statement conservatism. | - |
dc.language | English | - |
dc.language.iso | en | - |
dc.publisher | BLACKWELL PUBLISHING | - |
dc.subject | IMPERFECT INFORMATION | - |
dc.subject | LENDING RELATIONSHIPS | - |
dc.subject | FINANCIAL DISTRESS | - |
dc.subject | LOSS RECOGNITION | - |
dc.subject | BOOK VALUE | - |
dc.subject | EARNINGS | - |
dc.subject | MARKETS | - |
dc.subject | CREDIT | - |
dc.subject | EQUITY | - |
dc.subject | TIMELINESS | - |
dc.title | Bank relationships and the value relevance of the income statement: Evidence from income-statement conservatism | - |
dc.type | Article | - |
dc.contributor.affiliatedAuthor | Choi, Wooseok | - |
dc.identifier.doi | 10.1111/j.1468-5957.2007.02023.x | - |
dc.identifier.scopusid | 2-s2.0-35148836011 | - |
dc.identifier.wosid | 000250263800002 | - |
dc.identifier.bibliographicCitation | JOURNAL OF BUSINESS FINANCE & ACCOUNTING, v.34, no.7-8, pp.1051 - 1072 | - |
dc.relation.isPartOf | JOURNAL OF BUSINESS FINANCE & ACCOUNTING | - |
dc.citation.title | JOURNAL OF BUSINESS FINANCE & ACCOUNTING | - |
dc.citation.volume | 34 | - |
dc.citation.number | 7-8 | - |
dc.citation.startPage | 1051 | - |
dc.citation.endPage | 1072 | - |
dc.type.rims | ART | - |
dc.type.docType | Article | - |
dc.description.journalClass | 1 | - |
dc.description.journalRegisteredClass | scie | - |
dc.description.journalRegisteredClass | scopus | - |
dc.relation.journalResearchArea | Business & Economics | - |
dc.relation.journalWebOfScienceCategory | Business, Finance | - |
dc.subject.keywordPlus | IMPERFECT INFORMATION | - |
dc.subject.keywordPlus | LENDING RELATIONSHIPS | - |
dc.subject.keywordPlus | FINANCIAL DISTRESS | - |
dc.subject.keywordPlus | LOSS RECOGNITION | - |
dc.subject.keywordPlus | BOOK VALUE | - |
dc.subject.keywordPlus | EARNINGS | - |
dc.subject.keywordPlus | MARKETS | - |
dc.subject.keywordPlus | CREDIT | - |
dc.subject.keywordPlus | EQUITY | - |
dc.subject.keywordPlus | TIMELINESS | - |
dc.subject.keywordAuthor | bank relationships | - |
dc.subject.keywordAuthor | debt financing | - |
dc.subject.keywordAuthor | income statement conservatism | - |
dc.subject.keywordAuthor | value relevance | - |
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