Parent-Only Balance Sheet Information and Credit Risk Assessments

We thank Hami Amiraslani (discussant), Mark Bradshaw, Larry DiMatteo (law professor), Mark Flannery, Paul Griffin, Ilan Guttman, Pat Hopkins, Joel Houston, Jingzhi Huang, Seil Kim, Todd Kravet, Jongsub Lee, Leming Lin, Henock Louis (editor), Shunsuke Matsuno, Frank Murphy, Stephen Ryan, Katherine Schipper, Syrena Shirley, Danny Sokol (law professor), Paul Taylor, Senyo Tse, Guner Velioglu, David Weber, Philip Wang, Michael Willenborg, Biqin Xie, Sunny Yang, Mark Zakota, Xinmin Zhang, Wentong Zheng (law professor), two anonymous reviewers, workshop participants of the University of California, Davis, University of Connecticut, New York University, The Pennsylvania State University, and National Taiwan University, and participants at the 2020 American Accounting Association Annual Meeting and Financial Accounting and Reporting Section Midyear Meeting. We thank Jiao Li, Linkun Ma, and Shiyu Ren for research assistance. Jennifer W. Tucker thanks the J. Michael Cook/Deloitte Professorship for financial support. Ying Zhou gratefully acknowledges financial support from the Ackerman Scholar Fund at the University of Connecticut. The authors of this pubilcation have no conflicts of interest related to this research.

Jennifer W. Tucker, University of Florida, Warrington College of Business, Fisher School of Accounting, Gainesville, FL, USA; Ying Zhou, University of Connecticut, College of Business, Department of Accounting, Storrs, CT, USA; Jigao Zhu, University of International Business and Economics, Business School, Department of Accounting and Finance, Beijing, China.

Editor’s note: Accepted by Henock Louis, under the Guest Senior Editorship of David A. Wood.