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Keywords: credit spreads
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Journal Articles
The Accounting Review (2021) 96 (5): 79–105.
Published: 01 September 2021
..., indicating that an increase in the probability of a decline in GDP is negatively associated with the average change in sales. TABLE 2 Cost Elasticity and Future Performance cost structure operating leverage credit spreads macroeconomic forecast A growing body of managerial...
Includes: Supplementary data
Journal Articles
The Accounting Review (2021) 96 (1): 91–116.
Published: 01 January 2021
... forecasts and we show that they are reliable. We also document that: (1) equity prices are increasing (decreasing) in the standard deviation and skewness (kurtosis) of lead return on equity and (2) credit spreads are increasing (decreasing) in the standard deviation and kurtosis (skewness) of lead return...
Includes: Supplementary data