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Keywords: operating leverage
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Journal Articles
Journal Articles
The Accounting Review (2021) 96 (5): 79–105.
Published: 01 September 2021
...Sanjeev Bhojraj; Robert J. Bloomfield; Youngki Jang; Nir Yehuda ABSTRACT We provide evidence that credit investors do not fully impound the implications of firms' cost structure (or operating leverage) when pricing credit default swaps. Information about firms' cost structure is not disclosed...
Includes: Supplementary data