Relationship between Credit Rating, Capital Structure and Earning Management Behaviour: Evidence from Pakistani Listed Firms
Published By: Pakistan Institute of Development Economics (PIDE) | Published Date: April, 01 , 2015Credit ratings have become a widely accepted measure of firms’ creditworthiness in financial markets. The present study aims to examine the impact of external credit ratings on the financial structure decision-making of Pakistani non-financial firms for the period 2007-2012 This study examines whether there are any systematic differences in firms’ levels of leverage across the rating levels which would suggest that the cost and benefits of credit ratings are material for such firms.
Author(s): Shoaib Ali, Attiya Yasmin Javid | Posted on: Jan 30, 2016 | Views()