Accounting Commons^™

Implications Of Non-Equity Financing For Firm Financial Reporting Quality And Information Environment, Md Safayat Hossain

FIU Electronic Theses and Dissertations

Prior studies in accounting and finance have extensively evaluated the way a firm interacts with, and subsequently responds to, its contracting agents under various conditions. Specifically, studies have explored the role of accounting information in mitigating agency conflicts and designing efficient contracts. My dissertation consists of three separate, albeit closely related, studies that extend the prior understanding of contracting relationships by documenting financial reporting outcomes of those relationships.

First, I investigate whether and how the presence of debt in the capital structure improves a firm’s information environment. Empirical findings show that, after controlling for all known confounding factors, debt is …